Vanguard Natural Resources Boosts Monthly Payout
Vanguard Natural Resources has increased its monthly cash distribution. The oil and natural gas company will pay $0.2075 per share to its investors, up 1.2% from the company's previous amount last month. The latest amount will be payable on Sept. 13 to unit holders of record as of Sept. 3.
On an annual basis, the new monthly amount adds up to $2.49 per share, up 3.7% from last year's annual payout of $2.40. As of the market's close on Aug. 19, Vanguard stock was trading at $26.99, which means the company's dividend yields approximately 9.2%.
The article Vanguard Natural Resources Boosts Monthly Payout originally appeared on Fool.com.Fool contributor Caroline Bennett 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.