Neutral Tandem Declares Special and Regular Dividends
Neutral Tandem's shareholders have been given a double zap of good news. The company has declared both a special and a regular disbursement. The first amounts to $1.25 per share and will be paid on June 28 to shareholders of record as of June 14. The latter is the company's inaugural quarterly dividend; the amount is $0.0625 per share and its dates are June 24 and June 10, respectively.
The only other dividend Neutral Tandem paid was a special distribution of $3.00 per share. This was dispensed in October of last year.
The just-declared regular payout annualizes to $0.25 per share. This yields 4.4% at Neutral Tandem's most recent closing stock price of $5.71.
The article Neutral Tandem Declares Special and Regular Dividends originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Neutral Tandem, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.