Exelon Keeps Dividend Steady
Exelon announced today that it will distribute its regular quarterly dividend of $0.31 per share for Q3 2013, marking the second of its newly reduced distributions. The utility originally announced that it would reduce its dividend by 40% in its Q4 2012 earnings report, and it followed through earlier this year with a Q2 $0.31 dividend distribution.
Despite the distribution decrease, Exelon's overall yield still stands at 3.86%, essentially equivalent to the industry's 3.8% average yield. The utility's latest dividend will be payable on Sept. 10 to any investors holding Exelon stock on Aug. 15.
The article Exelon Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Justin Loiseau has no position in any stocks mentioned, but he does use electricity. You can follow him on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.The Motley Fool recommends Exelon. 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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