Spartan Motors to Pay $0.05 Dividend
Investors won't need to make a last stand at Thermopylae after Spartan Motors announced yesterday its semi-annual dividend of $0.05 per share, the same rate it's paid since 2009.
The board of directors said the quarterly dividend is payable on June 27 to the holders of record at the close of business on May 23.
Spartan has been paying bi-annual regular cash dividends since 2003, and special dividends since 1990.
The regular dividend payment equates to a $0.10-per-share annual dividend, yielding 1.9% based on the closing price of Spartan Motor's stock on May 8.
The article Spartan Motors to Pay $0.05 Dividend originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.