Alamo Group Keeps Dividend Steady
Agricultural equipment manufacturer Alamo Groupannounced today its third-quarter dividend of $0.07 per share, the same rate it's paid for the past three quarters after raising the payout nearly 17% from $0.16 per share.
The board of directors said the quarterly dividend is payable on October 30 to holders of record at the close of business on October 16. The regular dividend payment equates to a $0.28-per-share annual dividend, yielding 0.6% based on the closing price today of Alamo Group's stock.
The article Alamo Group 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 Alamo Group. 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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