Zimmer Keeps Dividend Steady
Medical device maker Zimmer Holdings announced today its second-quarter dividend of $0.20 per share, the same rate it paid last quarter after raising the payout 11% from $0.18 per share.
The board of directors said the quarterly dividend is payable on July 26 to the holders of record at the close of business on June 28. The medical device maker began making payouts to investors in April 2012.
The regular dividend payment equates to an $0.80-per-share annual dividend, yielding 1% based on the closing price of Zimmer Holdings' stock on June 13.
The article Zimmer Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of Zimmer Holdings. 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.