EXCO Resources is about to draw another shareholder payback out of the ground. The company has declared a dividend of $0.05 per share for its Q1. That nickel will be paid on June 28 to stockholders of record as of June 14. The amount matches the company's previous distribution, which was paid in late March. Before that, EXCO Resources had handed out $0.04 per share since September 2010.
The current payout is the highest level the company has paid since launching shareholder distributions in late 2009.
The just-declared dividend annualizes to $0.20 per share. That yields 2.4% at EXCO Resources' most recent closing stock price of $8.37.
The article EXCO Resources Declares Q1 Dividend originally appeared on Fool.com.
Fool contributor Eric Volkman has no position in EXCO Resources. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.