Innophos Keeps Dividend Steady
Nutritional ingredients maker Innophos Holdingsannounced yesterday its third-quarter dividend of $0.35 per share, the same rate it's paid for the past three quarters after raising the payout 30%, from $0.27 per share.
The board of directors said the quarterly dividend is payable on Aug. 30 to the holders of record at the close of business on Aug. 15. The regular dividend payment equates to a $1.40-per-share annual dividend, yielding 2.8% based on the closing price today of Innophos Holdings' stock.
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