Global aerospace business Exelis will pay a fourth-quarter dividend of $0.1033 per share of common stock. The company has paid this amount to investors since initiating a quarterly payout in November 2011, after the company separated from ITT Corp.
Exelis's latest dividend will be payable on Jan. 2 to stockholders of record as of Nov. 15. Annualized, the current quarterly dividend adds to $0.4132. Exelis's stock was trading at $15.36 as of the market's close on Oct. 8. This means the company currently has a 2.6% dividend yield.
The article Exelis to Keep Q4 Dividend Steady originally appeared on Fool.com.Fool contributor Caroline Bennett 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.