Gardner Denver isn't moving from the dividend policy it's kept in place for more than three years. The company has declared a quarterly dividend of $0.05 per share. This will be paid on June 25 to shareholders of record as of June 11. That amount matches each of the firm's previous distributions, the most recent of which was paid in late March.
The company has disbursed that $0.05-per-share amount in every quarter stretching back to the end of 2009.
The just-declared dividend annualizes to $0.20 per share. That yields 0.3% at Gardner Denver's most recent closing stock price of $75.42.
The article Gardner Denver Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Gardner Denver, and neither 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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