United Online Keeps Dividend Steady
United Online has declared a quarterly dividend perfectly in line with its last four-plus years of payouts. The company will distribute $0.10 per share of its common stock on May 31 to shareholders of record as of May 14. This matches the disbursement made in every quarter by the firm since late 2008.
Prior to that, United Online had handed out $0.20 per share consistently since launching dividend payments in May 2005.
In the press release announcing the new payout, the company took pains to say that it is the 33rd consecutive quarterly distribution.
The current dividend annualizes to $0.40 per share. That yields 6.1% at United Online's current stock price of $6.59.
The article United Online Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Eric Volkman has no position in United Online. The Motley Fool owns shares of United Online. 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.
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