Brown Shoe Keeps Dividend Steady at $0.07
Global footwear maker Brown Shoe announced yesterday its second-quarter dividend of $0.07 per share, the same rate it's paid since 2007.
The board of directors said the quarterly dividend is payable on July 1 to the holders of record at the close of business on June 17. Brown Shoe has paid a dividend for more than 300 consecutive quarters.
The regular dividend payment equates to a $0.28-per-share annual dividend, yielding 1.6% based on the closing price of Brown Shoe's stock on May 30.
The article Brown Shoe Keeps Dividend Steady at $0.07 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.