Investors going with health-care products maker Perrigo will receive a quarterly cash dividend of $0.09 per share on June 18 to shareholders of record at the close of business on May 31 for the fiscal third quarter of 2013.
That rate is the same it's paid in the current fiscal year, prior to which it had been paying $0.08 per share, or 12.5% less. Perrigo has raised its dividend each year for the past decade.
The new dividend annualizes to $0.36 per share, and yields 0.3% at the closing price of Perrigo's stock on May 2.
The article Perrigo Goes With $0.09 Quarterly Dividend originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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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