Hess Keeps Dividend Steady
Hess is keeping its dividend flowing at the same rate it has for quite some time. The company declared a quarterly distribution of $0.10 per share, which will be paid on June 28 to shareholders of record as of June 17.That amount is in line with every one of the firm's preceding regular payouts stretching back to June 2006. If a 3-for-1 stock split is taken into account, that history reaches back even further, to the beginning of 2001.
The current dividend annualizes to $0.40 per share. That yields just under 0.6% at Hess' most recent closing stock price of $66.76.
The article Hess Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Hess, 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.