Pier 1 Imports Declares Dividend

Pier 1 Imports is continuing to export some of its money in the form of shareholder payouts. The company has declared a quarterly common stock dividend of $0.05 per share, to be paid on Aug. 7 to shareholders of record as of July 24. That amount matches both of the company's previous two distributions, the most recent of which was paid in early May. Before that, Pier 1 Imports was less generous by a cent, handing out $0.04 per share.

The company reinstated dividend payments last year following a hiatus of more than five years.

The just-declared dividend annualizes to $0.20 per share. That yields 0.9% at Pier 1 Imports' most recent closing stock price of $23.15.

The article Pier 1 Imports Declares Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Pier 1 Imports. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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