Tyco Keeps Dividend Steady
Fire protection and security outfit Tycoannounced today its third-quarter dividend of $0.16 per share, the same rate it's paid for the past two quarters after raising the payout 7% from $0.15 per share.
The board of directors said the quarterly dividend is payable on November 14 to holders of record at the close of business on October 25. The regular dividend payment equates to a $0.64-per-share annual dividend, yielding 1.9% based on the closing price today of Tyco's stock.
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