Beam Keeps Dividend Steady
Sep 19th 2013 4:59PM
Updated Sep 19th 2013 5:00PM
Liquor giant Beam has announced plans to keep its dividend steady this quarter at $0.225 per share of common stock. The company has paid this amount to investors since March 2013, after boosting its payout 11% from $0.205 per share. The latest quarterly dividend from Beam will be payable on Dec. 2 to shareholders of record as of the close of business on Nov. 6.
Beam's dividend adds up to $0.90 per share, on an annualized basis. As of the market's close on Sept. 18, the spirits distributor's stock was trading at $66.92 per share. This means the company currently has a 1.3% dividend yield.
The article Beam Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool recommends Beam. 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.