Ingersoll Rand Keeps Dividend Steady
Ingersoll Rand is sticking to its existing dividend policy for now. The firm has declared its latest distribution, which is to be $0.21 per share, paid on September 30 to stockholders of record as of September 13. That amount matches both of the firm's previous two disbursements, the most recent of which was paid at the end of June. Prior to that, Ingersoll Rand dispensed a nickel less at $0.16 per share.
The firm has been a reliable dividend payer over the years; it's handed out a distribution on a quarterly basis since 1919.
The just-declared dividend annualizes to $0.84 per share. That yields 1.4% at Ingersoll Rand's most recent closing stock price of $61.01.
The article Ingersoll Rand Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Ingersoll Rand. Nor 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.