MFC Industrial Keeps Dividend Steady

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Global commodity supply chain company MFC Industrialannounced yesterday its third-quarter dividend of $0.06 per share, the same rate it's paid for the past year.

The board of directors said the quarterly dividend is payable on July 30 to the holders of record at the close of business on July 19. The supply chain specialist has made quarterly payouts to investors since 2011. The regular dividend payment equates to a $0.24-per-share annual dividend, yielding 3% based on the closing price of MFC Industrial's stock on July 9.

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The article MFC Industrial Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends MFC Industrial. 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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