Allegheny Technologies (NYSE:ATI) has declared its first quarterly dividend for 2013. The company is to distribute $0.18 per share of its common stock on March 27 to shareholders of record as of March 13.
The payout matches the company's previous disbursements. It has paid the same amount many quarters in a row, despite a year-over-year net profit drop of nearly 67% in its most recent three-month reporting period, and a swing into net loss in its fiscal 2012.
The dividend annualizes to $0.72 per share. That yields 2.4% at the firm's current stock price of $30.47.
Fool contributor Eric Volkman has no position in Allegheny Technologies. The Motley Fool has no position in Allegheny Technologies. 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.