Wendy's Serves Up a New Dividend
Wendy's will take a break from slinging hamburgers and other treats to hand out a new quarterly dividend. The company announced it will distribute $0.04 per share of its common stock on June 17 to shareholders of record as of June 3. That amount matches each of Wendy's previous two payments, the most recent of which was handed out in mid-March. Prior to that, the fast food chain paid $0.02 per share.
Wendy's is a steady and habitual dividend payer, although it's been more generous in the past. Over the last decade, its payout has ranged from $0.02 to $0.17 per share.
The new dividend annualizes to $0.16 per share. That yields 2.8% at Wendy's current stock price of $5.78.
The article Wendy's Serves Up a New Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Wendy's. Nor 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.