Electro Rent is maintaining its dividend policy for the time being. The company has declared its latest common stock dividend, which will be $0.20 per share paid on July 10 to shareholders of record as of June 20. That amount matches each of the firm's previous eight regular distributions, the most recent of which was handed out in April. Electro Rent also handed out a one-time, special dividend of $1.00 per share at the end of last year.
The current dividend annualizes to $0.80 per share. That yields 4.6% at the firm's most recent closing stock price of $17.32.
The article Electro Rent Keeps Dividend Steady originally appeared on Fool.com.
Fool contributor Eric Volkman has no position in Electro Rent. Nor does The Motley Fool. 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.