Marketing and corporate communications specialist Omnicom Group announced yesterday its second-quarter dividend of $0.40 per share, the same rate it paid last quarter after raising the payout 33% from $0.30 per share.
The board of directors said the quarterly dividend is payable on July 11 to the holders of record at the close of business on June 14. Omnicom has paid quarterly dividends since 1998.
The regular dividend payment equates to a $1.60-per-share annual dividend yielding 2.5% based on the closing price of Omnicom's stock on May 21.
The article Omnicom Group Sets Dividend at $0.40 originally appeared on Fool.com.
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