Oil and gas exploration company Pioneer Natural Resources this week announced plans to keep its biannual dividend steady at $0.04 per share.
The company has paid this amount to shareholders since March 2009, after dropping its payout 75% from $0.16 per share in order to apply the $14 million worth of funds to a share buyback program .
Pioneer's latest amount will be payable on Oct. 11 to shareholders of record as of Sept. 30. Annualized, the amount adds up to $0.08 per share. As of market close on Aug. 16, Pioneer's stock was trading at $170.29, which means the company's dividend yields approximately 0.04%.
The article Pioneer Natural Keeps Dividend at $0.04 per Share originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.