Kaman Maintains $0.16 Dividend
Aerospace parts manufacturer Kaman announced yesterday its second-quarter dividend of $0.16 per share, the same rate it's paid since 2011.
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 18. The industrial parts maker has made quarterly cash payouts since 2005 and last raised the dividend in 2011 when it increased the payout 14% from $0.14 per share.
The regular dividend payment equates to a $0.64-per-share annual dividend, yielding 1.9% based on the closing price of Kaman's stock on June 4.
The article Kaman Maintains $0.16 Dividend 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.