Invacare Maintains Common Stock Dividend
Invacare has chosen to hew to tradition as far as its shareholder payouts are concerned. The company has declared a quarterly common stock distribution of $0.0125 per share, in line with its long-standing dividend policy. The firm also declared a payout for its Class B stock amounting to $0.011364 per share. Both distributions will be paid on October 11 to shareholders of record as of October 3.
The just-declared common stock distribution annualizes to $0.05 per share. That yields 0.3% at Invacare's current price of $16.05.
The announcement comes nearly a week after the company announced it had completed the sale of its medical recliner unit, Champion Manufacturing, for $45 million in cash.
The article Invacare Maintains Common Stock Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Invacare, 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.