Outsourced industrial services provider TMS International announced on Friday its second-quarter dividend of $0.10 per share, the same rate it paid last quarter after initiating the payout.

The board of directors said the quarterly dividend is payable on Sept. 20 to the holders of record at the close of business on Aug. 16. TMS is the parent company of Tube City IMS, a leading provider of outsourced industrial services to steel mills globally.

The regular dividend payment equates to a $0.40-per-share annual dividend, yielding 2.4% based on Friday's closing price of TMS International's stock.

TMS Dividend Chart

TMS Dividend data by YCharts

The article TMS International 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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