Infotainment equipment manufacturer Harman International Industries announced today its second-quarter dividend of $0.30 per share, double the rate it paid last quarter of $0.15 per share.
The board of directors said the quarterly dividend is payable on Aug. 30 to the holders of record at the close of business on Aug. 16. The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 2% based on the closing price today of Harman International Industries' stock.
The article Harman Doubles Dividend 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.