Explosion-welded metal clad plate maker Dynamic Materials announced today its second-quarter dividend of $0.04 per share, the same rate it's paid since 2009.
The board of directors said the quarterly dividend is payable on July 15 to the holders of record at the close of business on June 28. The specialty materials maker has made quarterly payouts to investors since at least 2005.
The regular dividend payment equates to a $0.16-per-share annual dividend, yielding 1% based on the closing price of Dynamic Materials' stock on June 17.
The article Dynamic Materials Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Dynamic Materials. The Motley Fool owns shares of Dynamic Materials. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.