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TAL International Group (NYSE: TAL ) has declared its latest quarterly dividend, and it's giving investors a raise. The container leasing company is to pay $0.64 per on March 28 to stockholders of record as of March 7. According to the company's information, the payout qualifies as a return of capital, as opposed to a taxable dividend.
The disbursement is the fifth consecutive quarterly dividend increase from TAL International. It represents a boost of 3% on the company's most recent payout, which was $0.62 in December.
The new dividend annualizes to $2.56, which yields 5.9% on the company's current share price of $43.40.