WD-40 Keeps Dividend Steady

Specialty consumer-goods maker WD-40 announced yesterday its third-quarter dividend of $0.31 per share, the same rate it's paid for the past two quarters after raising the payout 7% from $0.29 per share.

The board of directors said the quarterly dividend is payable on July 31 to the holders of record at the close of business on July 16. The maker of the eponymous lubricant has made quarterly payouts to investors since 1973. 

The regular dividend payment equates to a $1.24-per-share annual dividend, yielding 2.2% based on the closing price of WD-40's stock on June 18.


WDFC Dividend Chart

WDFC Dividend data by YCharts

The article WD-40 Keeps Dividend Steady 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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