Stein Mart Declares Fresh Dividend

Stein Mart is ringing up another shareholder payout. The company has declared its latest quarterly dividend, which is to be $0.05 per share paid on October 18 to shareholders of record as of October 4. That amount matches the firm's previous distribution, which was handed out in July.

That preceding payout was a resumption of the company's regular quarterly dividend. It suspended such distributions in February 2008, saying at the time that the move would give the company "more flexibility as we navigate current industry conditions."

The just-declared dividend annualizes to $0.20 per share. That yields 1.6% at Stein Mart's current stock price of $12.76.

The article Stein Mart Declares Fresh Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Stein Mart, and neither 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.