Mac-Gray Keeps Dividend Steady
Laundry room operator Mac-Gray announced today its third-quarter dividend of $0.0875 per share, the same rate it paid for the past two quarters after raising the payout 45%, from $0.0605 per share.
The board of directors said the quarterly dividend is payable on October 1 to holders of record at the close of business on September 16. Mac-Gray has paid dividends since 2010 and has raised the payout every year since initiating it.
The regular dividend payment equates to a $0.35-per-share annual dividend, yielding 2.4% based on the closing price today of Mac-Gray's stock.
The article Mac-Gray Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of Mac-Gray. 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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