Electro Rent Keeps Dividend Steady
Electro Rent is maintaining its dividend policy for the time being. The company has declared its latest common stock dividend, which will be $0.20 per share paid on July 10 to shareholders of record as of June 20. That amount matches each of the firm's previous eight regular distributions, the most recent of which was handed out in April. Electro Rent also handed out a one-time, special dividend of $1.00 per share at the end of last year.
The current dividend annualizes to $0.80 per share. That yields 4.6% at the firm's most recent closing stock price of $17.32.
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