Specialty coatings and materials maker Nordson announced yesterday its third-quarter dividend of $0.15 per share, the same rate it's paid for the last three quarters after it increased it 20% from $0.125 per share.
The payout represents a total distribution to shareholders of approximately $9.6 million. The board of directors said the quarterly dividend is payable on June 11 to the holders of record at the close of business on May 28. Nordson has increased its annual dividend for 49 consecutive years.
The regular dividend payment equates to a $0.60-per-share annual dividend yielding 0.8% based on the closing price of Nordsen's stock on May 14.
The article Nordson Keeps $0.15 Dividend Steady 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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