Arbitron Keeps Dividend Steady
Sep 23rd 2013 11:41PM
Updated Sep 23rd 2013 11:42PM
Media and marketing research firm Arbitron announced today its fourth-quarter dividend of $0.10 per share, the same rate it's always paid since 2005.
The board of directors said the quarterly dividend is payable on January 1 to holders of record at the close of business on December 16.
Arbitron is in the process of merging with Nielsen Holdings. If the transaction is completed before December 16, the dividend will be prorated at a rate of $0.001098901 per share per day for each day after September 17, the record date for its previous dividend.
The merger agreement ensures that, regardless of when the deal is consummated, stockholders will receive a dividend at the current rate. The pro rata dividend will be payable within 30 days after the merger closes to shareholders of record at the close of business on the day before the merger is completed.
The regular dividend payment equates to a $0.40-per-share annual dividend, yielding 0.8% based on the closing price today of Arbitron's stock.
The article Arbitron Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.