Rockwood Holdings Keeps Dividend Steady
Specialty chemicals maker Rockwood Holdings announced yesterday its second-quarter dividend of $0.40 per share, the same rate it paid last quarter after raising the payout 14%, from $0.35 per share.
The board of directors said the quarterly dividend is payable on July 19 to the holders of record at the close of business on June 4. Rockwood has only paid dividends since last year, and has already increased the payout once.
The regular dividend payment equates to a $1.60-per-share annual dividend, yielding 2.4%, based on the closing price of Rockwood Holdings' stock on May 22.
The article Rockwood Holdings Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of Rockwood Holdings. 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.
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