C.H. Robinson Maintains Dividend
May 9th 2013 11:45PM
Updated May 10th 2013 1:05AM
C.H. Robinson Worldwide is shipping a new dividend to its stockholders. The company announced its latest quarterly distribution, which amounts to $0.35 per share. This is to be disbursed on June 28 to shareholders of record as of June 7. That amount matches each of Robinson's preceding two payouts, the most recent of which was paid in late March.
In the press release announcing the dividend declaration, the company pointed out that it has paid regular shareholder distributions for over 25 years.
The current dividend annualizes to $1.40 per share. That yields 2.5% at Robinson's most recent closing stock price of $56.00.
The article C.H. Robinson Maintains Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in C.H. Robinson Worldwide. Nor does The Motley Fool. 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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