Fred's Keeps Steady Dividend
Retailer Fred's this week declared plans to keep its quarterly dividend at $0.06 per share.
This is the same amount the general merchandise store chain has paid its investors since March 2012, after raising its payout 20% from $0.05 per share. Additionally, Fred's paid shareholders a special dividend of $0.19 per share on top of its quarterly dividend in December 2012.
Fred's most recent dividend will be payable on Sept. 16 to shareholders of record as of Sept. 2. The dividend's annualized amount tallies to $0.24 per share. As of market close on Aug. 20, Fred's had a stock price of $17, which means its current dividend yields 1.4%.
The article Fred's Keeps Steady Dividend originally appeared on Fool.com.Fool contributor Caroline Bennett 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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