Tyco Keeps $0.16 Dividend Steady
Tyco declared it will pay a quarterly cash dividend of $0.16 per share on August 21 to shareholders of record at the close of business on July 26.
That rate is the same one that the fire protection and security specialist paid last quarter when it raised its dividend by a penny, or almost 7%. Tyco has consistently paid a dividend for more than two decades. In September, it spun off its North American security business to shareholders.
The new dividend annualizes to $0.64 per share, and yields 2% at the closing price of Tyco's stock on May 2.
The article Tyco Keeps $0.16 Dividend Steady 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.