Diversified industrial company Hillenbrand announced today its fourth-quarter dividend of $0.195 per share, the same rate it's paid for the past three quarters after raising the payout 1% from $0.1925 per share.
The board of directors said the quarterly dividend is payable on Septmeber 30 to holders of record at the close of business on September 16. The regular dividend payment equates to a $0.78-per-share annual dividend, yielding 3.2% based on the closing price today of Hillenbrand's stock.
The article Hillenbrand Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of Hillenbrand. 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.
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