Wendy's Declares Its First Dividend of 2013

In declaring its latest quarterly dividend of the year, Wendy's will pay out $0.04 per share on March 15 to stockholders of record as of March 1. This marks the second straight quarter the company has paid that amount, following a doubling of the former $0.02 that occurred in December.

The just-announced dividend annualizes to $0.16 per share, resulting in a yield of 3.1% on the company's current stock price.

Wendy's is to announce its audited Q4 and fiscal 2012 financial results before market open on Feb. 28 and will discuss them in a conference call later that morning.

The article Wendy's Declares Its First Dividend of 2013 originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Wendy's. 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.

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