TAL International Group has declared its latest quarterly dividend, and it's giving investors a raise. The container leasing company is to pay $0.64 per on March 28 to stockholders of record as of March 7. According to the company's information, the payout qualifies as a return of capital, as opposed to a taxable dividend.

The disbursement is the fifth consecutive quarterly dividend increase from TAL International. It represents a boost of 3% on the company's most recent payout, which was $0.62 in December.

The new dividend annualizes to $2.56, which yields 5.9% on the company's current share price of $43.40.

The article TAL International Raises Quarterly Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in TAL International Group. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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