75 Quarters of $0.50 Dividend at Ferrellgas Partners
Propane gas provider Ferrellgas Partners announced yesterday its third-quarter dividend of $0.50 per share, the same rate it's paid every quarter for the last 75 quarters.
The board of directors said the quarterly dividend is payable on June 14 to the holders of record at the close of business on June 7.
The regular dividend payment equates to a $2.00-per-share annual dividend, yielding 9.5% based on the closing price of Gap's stock on May 23.
The article 75 Quarters of $0.50 Dividend at Ferrellgas Partners 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.