Just Energy Sets October Dividend
Natural gas and electricity retailer Just Energyannounced today its monthly October dividend of $0.07 Canadian per share, the same rate it's paid for the past four months after cutting the payout 32% from $0.10333 Canadian per share in April.
The board of directors said the dividend is payable on October 31 to holders of record at the close of business on October 15. The energy retailer has made monthly payouts to investors under its current organization since 2011, but has been paying dividends to investors since 1997. The dividend is designated as an "eligible dividend" for Canadian income tax purposes.
Just Energy also notes that U.S. and Canadian investors who own a minimum of 100 shares can avail themselves of the company's dividend reinvestment and share purchase plan.
The regular dividend payment equates to an $0.84 Canadian per share annual dividend, yielding 12.4% based on the closing price today of Just Energy's stock.
JE Dividend data by YCharts.
The article Just Energy Sets October Dividend originally appeared on Fool.com.
Fool contributor Rich Duprey has no position in any stocks mentioned, 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.