Agribusiness giant Bunge announced yesterday its second-quarter dividend of $0.30 per share, an 11% increase from the $0.27-per-share payout it made last quarter.
The board of directors said the quarterly dividend is payable on Sept. 3 to holders of record at the close of business on Aug. 15. Bunge has raised its payout every year since 2003.
The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 1.7% based on the closing price of Gap's stock on May 23.
The article Bunge Hikes Dividend 11% originally appeared on Fool.com.
Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.