Harris Teeter Keeps Steady Dividend
Harris Teeter announced this week that it will be holding its dividend steady this quarter, paying investors $0.15 per share.
The grocery store chain has paid this amount since January, after raising its payout 7% from $0.14. This latest dividend will be payable on Oct. 1 to stockholders of record as of Sept. 6.
The annualized payout for Harris Teeter adds up to $0.60 per share. As of the market close on Aug. 15, Harris Teeter's stock price was $49.25, which means the company's dividend currently yields 1.2%. The company has paid its investors a quarterly dividend since 1997.
Harris Teeter announced last month that it will be acquired by Kroger.
The article Harris Teeter Keeps Steady Dividend 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.
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