Electronic components manufacturer CTS announced today its third-quarter dividend of $0.035 per share, the same rate it's paid for the past seven quarters.
The board of directors said the quarterly dividend is payable on November 1 to holders of record at the close of business on September 27. The regular dividend payment equates to a $0.14-per-share annual dividend, yielding 1% based on the closing price today of CTS' stock.
The article CTS Is A-OK With Fresh Dividend originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. 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.