KMG Chemicals today announced plans to keep its dividend payout steady this quarter at $0.03 per share of common stock.
The specialty chemical provider has paid this amount since March 2012, after raising its payout 20% from $0.025 per share. The company will make its latest dividend payable on Sept. 23 for shareholders of record as of Sept. 9.
Annualized, KMG's dividend adds up to $0.12 per share. The company's stock traded at $23.25 as of the market's close on Aug. 27. This means KMG's current dividend yields 0.5%.
The article KMG Chemicals Keeps Steady Dividend 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.