Questcor Keeps Dividend Steady at a Quarter
Biopharmaceutical Questcor Pharmaceuticals announced this morning its second-quarter dividend of $0.25 per share, the same rate it paid last quarter after raising the payout 25%, from $0.20 per share.
The board of directors said the quarterly dividend is payable on July 30 to the holders of record at the close of business on July 22. Questcor only began making a payout in 2012.
The regular dividend payment equates to a $1.00-per-share annual dividend, yielding 2.9% based on the closing price of Questcor Pharmaceuticals' stock on May 28.
The article Questcor 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.