Don't Fret as Fred's Keeps Dividend Steady
Discount retailer Fred's announced yesterday its second-quarter dividend of $0.06 per share, the same rate it paid last quarter after raising the payout 20% from $0.25 per share.
The board of directors said the quarterly dividend is payable on June 17 to the holders of record at the close of business on June 3. Fred's paid a special dividend of $0.19 per share in December 2012. It has paid a regular quarterly dividend since at least 1993.
The regular dividend payment equates to a $0.24-per-share annual dividend yielding 1.6% based on the closing price of Fred's stock on May 21.
FRED Dividend data by YCharts. Chart reflects special dividend paid in December 2012.
The article Don't Fret as Fred's Keeps Dividend Steady originally appeared on Fool.com.
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