Specialty materials maker PolyOne announced yesterday its second-quarter dividend of $0.06 per share, the same rate it paid the previous quarter after increasing it 20% from $0.05 per share.
The board of directors said the quarterly dividend is payable on July 2 to the holders of record at the close of business on June 13. PolyOne reinstated its dividend in 2011 after a nine-year hiatus and has increased the payout annually since then.
The regular dividend payment equates to a $0.24-per-share annual dividend yielding 1% based on the closing price of PolyOne's stock on May 15.
The article PolyOne Keeps Dividend Steady at $0.06 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.