High-tech life-science specialist Sigma-Aldrich announced today its third-quarter dividend of $0.215 per share, the same rate it's paid for the past three quarters after raising the payout 7.5%, from $0.20 per share. The board of directors said the quarterly dividend is payable on Dec. 13 to the holders of record at the close of business on Nov. 29.
The life sciences company also announced Michael Hollenkamp, who has been with Sigma-Aldrich since 1997, had been elected to the position of vice president and treasurer. Hollenkamp has held various leadership positions within the company's tax and treasury departments. Prior to joining Sigma-Aldrich, he held tax positions with two other Saint Louis-based companies.
Hollenkamp has an accounting degree from Southern Illinois University and is a CPA.
The regular dividend payment equates to a $0.86-per-share annual dividend, yielding 1% based on the closing price today of Sigma-Aldrich stock.
The article Sigma-Aldrich Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.