Center Bancorp Keeps Dividend Steady
Aug 31st 2013 2:30PM
Updated Aug 31st 2013 2:32PM
Bank holding company Center Bancorp announced yesterday its third-quarter dividend of $0.075 per share, the same rate it paid last quarter after raising the quarterly payout to investors 36% from $0.055 per share.
The board of directors said the quarterly dividend is payable on Nov. 1 to the holders of record at the close of business on Oct. 17. The regular dividend payment equates to a $0.30-per-share annual dividend, yielding 2.1% based on the closing price today of Center Bancorp's stock.
The article Center Bancorp Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.