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.
The article Don't Fret as Fred's Keeps Dividend Steady originally appeared on Fool.com.
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