Culp Keeps Dividend Steady
Mattress bedding manufacturer Culp announced today its third-quarter dividend of $0.04 per share, the same rate it paid last quarter after raising the payout 33% from $0.03 per share.
The board of directors said the quarterly dividend is payable on October 15 to holders of record at the close of business on October 1. The regular dividend payment equates to a $0.16-per-share annual dividend, yielding 0.9% based on the closing price today of Culp's stock.
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