Global commodity supply chain company MFC Industrial announced today its fourth-quarter dividend of $0.06 per share, the same rate it's paid for the past five quarters after raising the payout 30% from $0.30 per share.

The board of directors said the quarterly dividend is payable on Oct. 28 to the holders of record at the close of business on Oct. 15. The regular dividend payment equates to a $0.24-per-share annual dividend, yielding 2.9% based on the closing price today of MFC Industrial's stock.

MIL Dividend Chart

MIL Dividend data by YCharts

The article MFC Industrial Keeps Dividend Steady originally appeared on

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends MFC Industrial. 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.

Increase your money and finance knowledge from home

Income Investing

Grow your nest-egg.

View Course »

Forex for Beginners

Learn about trading currencies and foreign exchange transactions

View Course »