Dell Keeps Dividend Steady
Dell announced yesterday its second-quarter dividend of $0.08 per share, the same rate it's paid for the past three quarters after initiating the payout program.
The board of directors said the quarterly dividend is payable on July 21 to the holders of record at the close of business on July 1. The regular dividend payment equates to a $0.32-per-share annual dividend, yielding 12.4% based on the closing price of Dell's stock on June 12.
The article Dell Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.