Female Health will lift its quarterly dividend and ramp up its share-buyback efforts. The contraceptive maker will distribute a dividend of $0.07 per share of its stock on May 8 to shareholders of record as of May 1. This represents a raise of 17% from the previous disbursement of $0.06, which the company has paid in each of the past four quarters. Before that, it handed out $0.05 per share.
The new dividend constitutes Female Health's 14 quarterly distribution in a row. The $0.07 payout annualizes to $0.28 per share. That yields just under 4% at the firm's current stock price of $7.05.
The company also said it will "increase activity" in its stock-buyback program. It currently has authorization to buy up to 3 million shares and has so far repurchased roughly two-thirds of this amount, leaving 1 million available under the authorization. The program expires at the end of this calendar year.
The article Female Health Raises Dividend, Will Ramp Up Stock Buybacks originally appeared on Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in any of the stocks mentioned. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.