Jinpan International Keeps Dividend Steady
Cast resin transformer manufacturer Jinpan Internationalannounced today its third-quarter dividend of $0.03 per share, the same rate it's paid for the past two quarters after cutting the payout 25%, from $0.04 per share.
The board of directors said the quarterly dividend is payable on Sept. 26 to the holders of record at the close of business on Sept. 16. The regular dividend payment equates to a $0.12-per-share annual dividend, yielding 1.8% based on the closing price today of Jinpan International's stock.
The article Jinpan International Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Jinpan International Limited. 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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