AZZ to Pay Next Dividend in October
Sep 27th 2013 11:20PM
Updated Sep 27th 2013 11:22PM
AZZ is not letting disappointing quarterly results get in the way of its shareholder payout. The company has declared its latest quarterly common stock dividend, which is to be $0.14 per share paid on October 25 to shareholders of record as of October 11. That amount matches each of the firm's four preceding distributions, the most recent of which was paid at the end of July.
The just-declared dividend annualizes to $0.56 per share. That yields 1.3% at AZZ's most recent closing stock price of $42.23.
News of the upcoming distribution was released along with the company's Q2 results. These missed analyst projections, while the firm's guidance for Q3 came in significantly below outside estimates.
The article AZZ to Pay Next Dividend in October originally appeared on Fool.com.Fool contributor Eric Volkman has no position in AZZ. Nor 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.