SPX Keeps Dividend Steady at a Quarter
Diversified manufacturer SPX announced this morning its second-quarter dividend of $0.25 per share, the same rate it's paid for almost a decade.
The board of directors said the quarterly dividend is payable on July 2 to the holders of record at the close of business on June 14. It began making payouts to investors in 2004.
The regular dividend payment equates to a $1.00-per-share annual dividend, yielding 1.3% based on the closing price of SPX's stock on May 24. SPX is a diversified manufacturer with more than $5 billion in annual revenues.
The article SPX Keeps Dividend Steady at a Quarter 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.