Tiffany Keeps Dividend Steady
Jewelry distributor Tiffany and Co. this week announced plans to keep its dividend steady at $0.34 per share this quarter.
The company has paid its shareholders a quarterly dividend since June 1988, and has distributed this particular amount since last quarter, after boosting its payout 6.2% from $0.32 a share.
Tiffany will make its latest dividend payable on Oct. 10 for shareholders of record as of Sept. 20. The company's annualized payout comes to $1.36 per share. As of market close on Aug. 14, the company was trading at $81.60, which means Tiffany's current dividend yield is 1.67%.
The article Tiffany Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.