Windstream Declares Fresh Dividend
Windstream can hardly be accused of being erratic with its dividend. The company has declared a common stock distribution exactly in line with its traditional shareholder payout. It will hand out $0.25 per share on July 15 to shareholders of record as of June 28.
The company has held resolutely to that amount, paying it in every quarter since early 2007. The only time it shelled out a different figure was in October 2006, when it launched shareholder payouts with a $0.204-per-share distribution.
The current dividend annualizes to an even $1.00 per share, which yields 11.7% at Windstream's latest closing stock price of $8.52.
The article Windstream Declares Fresh Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Windstream. Nor does The Motley Fool. 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.