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.
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