Restaurant chain Texas Roadhouse will be keeping its dividend payout steady this quarter at $0.12 per share of common stock, the company announced this week.
This is the same amount the company has paid its investors since March, after raising the payout 33% from $0.09. Additionally, in December 2012 Texas Roadhouse paid a special dividend of $0.10 per share.
The company's most recent amount will be payable on Sept. 27 to stockholders of record as of Sept. 11. Annualized, the dividend adds up to $0.48 per share. As of the market's close on Aug. 27, Texas Roadhouse's stock was trading at $24.84, which means its dividend payout currently yields 1.9%.
The article Texas Roadhouse Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool recommends Texas Roadhouse. 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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