DST Systems Keeps Dividend Steady

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Data center operator DST Systems announced yesterday its second-quarter dividend of $0.30 per share, the same rate it's paid for the past two quarters after switching from a semiannual payout schedule to a quarterly one.

The board of directors said the quarterly dividend is payable on September 13 to holders of record at the close of business on August 21. In connection with the switch to a quarterly dividend scheme, DST also raised the payout 50% from the previous annualized rate of $0.80 per share.

The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 1.7% based on the closing price today of DST Systems' stock.

DST Dividend Chart

DST Dividend data by YCharts. Chart does not fully reflect the change from a semiannual to quarterly payout schedule

The article DST Systems Keeps Dividend Steady originally appeared on Fool.com.

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