Pier 1 Imports Declares Dividend

Before you go, we thought you'd like these...
Before you go close icon

Pier 1 Imports is continuing to export some of its money in the form of shareholder payouts. The company has declared a quarterly common stock dividend of $0.05 per share, to be paid on Aug. 7 to shareholders of record as of July 24. That amount matches both of the company's previous two distributions, the most recent of which was paid in early May. Before that, Pier 1 Imports was less generous by a cent, handing out $0.04 per share.

The company reinstated dividend payments last year following a hiatus of more than five years.

The just-declared dividend annualizes to $0.20 per share. That yields 0.9% at Pier 1 Imports' most recent closing stock price of $23.15.

The article Pier 1 Imports Declares Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Pier 1 Imports. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading