Entergy Keeps Dividend Steady
Jul 28th 2013 7:15AM
Updated Jul 28th 2013 7:18AM
Integrated electric power producer Entergy announced yesterday its third-quarter dividend of $0.83 per share, the same rate it's paid since 2010.
The board of directors said the quarterly dividend is payable on Sept. 3 to the holders of record at the close of business on Aug. 8. The energy producer has made quarterly payouts to investors since 1988.
The regular dividend payment equates to a $3.32-per-share annual dividend, yielding 4.7% based on Friday's closing price of Entergy's stock.
The article Entergy 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.