L.B. Foster Keeps Dividend Steady at $0.03

Global heavy industry manufacturer L.B. Foster  announced yesterday its second-quarter dividend of $0.03 per share, the same rate it paid last quarter after raising the payout 20%, from $0.025 per share.

The board of directors said the quarterly dividend is payable on June 21 to the holders of record at the close of business on June 7. L.B. Foster has paid dividends since 2011.

The regular dividend payment equates to a $0.12-per-share annual dividend, yielding 0.3% based on the closing price of L.B. Foster's stock on May 24.


FSTR Dividend Chart

FSTR Dividend data by YCharts

The article L.B. Foster Keeps Dividend Steady at $0.03 originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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