American Greetings Keeps Dividend Steady
Jun 14th 2013 10:26PM
Updated Jun 15th 2013 9:00AM
Greeting card maker American Greetings announced today its second-quarter dividend of $0.15 per share, the same rate it's paid since 2011.
The board of directors said the quarterly dividend is payable on July 15 to holders of record at the close of business on July 3. The greeting card maker has made quarterly payouts to investors since 1997, but had suspended the dividend in 2002. It reinitiated the payout in 2004 and has consistently paid dividends since then.
The regular dividend payment equates to a $0.60-per-share annual dividend, yielding 3.3% based on the closing price of American Greetings' stock today.
The article American Greetings Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of American Greetings. 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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