Avon's Calling With Steady Dividend Payout
Beauty products maker Avon Products announced today its third-quarter dividend of $0.06 per share, the same rate it's paid for the past three quarters after slashing the payout 74% from $0.23 per share.
The board of directors said the quarterly dividend is payable on September 3 to holders of record at the close of business on August 15. The regular dividend payment equates to a $0.24-per-share annual dividend, yielding 1.1% based on the closing price today of Avon Products' stock.
The article Avon's Calling With Steady Dividend Payout originally appeared on Fool.com.Fool contributor Rich Duprey and The Motley Fool have no position in any 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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