Destination Maternity Gives Birth to New Dividend

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Maternity-apparel retailer Destination Maternity  announced yesterday its third-quarter dividend of $0.1875 per share, the same rate it paid last quarter after raising the payout 7%, from $0.175 per share.

The board of directors said the quarterly dividend is payable on Sept. 27 to the holders of record at the close of business on Sept. 6. The maternity-clothes retailer has made quarterly payouts to investors since 2011. 

The regular dividend payment equates to a $0.75-per-share annual dividend, yielding 2.4% based on the closing price today of Destination Maternity's stock.


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The article Destination Maternity Gives Birth to New Dividend 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.

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