Compuware Declares Fresh Dividend
For only the second time in its decades-long history, Compuware is handing out a dividend. The company has declared a quarterly common stock distribution of $0.125 per share, to be paid on September 25 to shareholders of record as of September 11. That amount matches the firm's previous and inaugural payout, which was dispensed in June.
When declaring that initial payout, the company quoted CEO Bob Paul as saying that it "reflect[ed] the momentum of the Company's strategy and the progress we have made, including the successful transformation to high-growth businesses and the stabilization of our mainframe business."
The just-declared dividend annualizes to $0.50 per share. That yields 4.6% at Compuware's current stock price of $10.82.
The article Compuware Declares Fresh Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Compuware, 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.