Spreadtrum Declares Fresh Quarterly Dividend
Spreadtrum Communications has declared its first quarterly dividend for 2013. It will hand out $0.10 per each of its American Depositary Shares on April 25 to shareholders of record as of April 10. This amount matches its previous five disbursements of $0.05 per ADS.
This is the company's eighth dividend. All of these have come in successive quarters, stretching back to July 2011.
The current dividend annualizes to $0.40 per share. That amount yields 2.0% at Spreadtrum Communications' most recent closing ADS price of $19.69.
The article Spreadtrum Declares Fresh Quarterly Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Spreadtrum Communications, and neither does The Motley Fool. 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.