Pier 1 Keeping Quarterly Dividend Steady
The dividend for home goods company Pier 1 Imports is staying steady this quarter at a nickel per share of common stock. The furnishings retailer has paid the same amount to investors since January 2013, after upping payments from $0.04 per share.
Pier 1 will make its latest dividend payable on Nov. 6 to shareholders of record as of the close of business on Oct. 23. The company's payout adds up to an annualized amount of $0.20 per share. As of the stock market's close on Sept. 26, Pier 1's stock was trading at $19.88, which gives the company a dividend yield of 1%.
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