CryoLife Increases Dividend

CryoLife is putting some zip into its shares with a dividend boost. The company has declared a fresh quarterly distribution of $0.0275 per share, to be paid on June 21 to shareholders of record as of June 14. This marks the company's first-ever dividend increase -- the new amount is 10% higher than its three prior (and only) payouts, each of which totaled $0.025.

The firm plans to continue paying dividends, handing them out in March, June, September, and December of each year. It aims to pay an annual distribution of around $3 million.

The new dividend annualizes to $0.11 per share. That yields1.7% at CryoLife's most recent closing stock price of $6.40.

The article CryoLife Increases Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in CryoLife, 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.

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