W&T Offshore Keeps Dividend Steady
Independent oil and gas producer W&T Offshoreannounced today its third-quarter dividend of $0.09 per share, the same rate it paid last quarter after raising the payout to investors by 12.5% from $0.08 per share.
The board of directors said the quarterly dividend is payable on September 12 to holders of record at the close of business on August 22. The regular dividend payment equates to a $0.36-per-share annual dividend, yielding 2.3% based on the closing price today of W&T Offshore's stock.
The article W&T Offshore Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned, 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.