Cereal maker Post Holdings announced yesterday it is paying a dividend of $0.9375 per share on its 3.75% Series B cumulative perpetual convertible preferred stock, representing a pro-rata payment for the period May 15 to Aug. 14.
The board of directors said the quarterly dividend is payable on Aug. 15 to the holders of record at the close of business on Aug. 1. The cereal maker does not pay a dividend on its regular common stock.
Post Holdings, which owns such notable brands as Raisin Bran, Grape Nuts, and Honeycomb, had revenues of $974 million for the 12-month period ending March 31.
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