Vanguard Natural Resources Boosts Monthly Payout
Vanguard Natural Resources has increased its monthly cash distribution. The oil and natural gas company will pay $0.2075 per share to its investors, up 1.2% from the company's previous amount last month. The latest amount will be payable on Sept. 13 to unit holders of record as of Sept. 3.
On an annual basis, the new monthly amount adds up to $2.49 per share, up 3.7% from last year's annual payout of $2.40. As of the market's close on Aug. 19, Vanguard stock was trading at $26.99, which means the company's dividend yields approximately 9.2%.
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