Mentor Graphics Brings Back Dividend

Mentor Graphics (NASDAQ: MENT  ) has restarted its dividend policy. The company announced it will pay an annual rate of $0.18 per share of its common stock. The first installment of this will be a $0.045 per share payout on April 10 to shareholders of record as of March 22.

In the press release announcing the move, Mentor Graphics specified how else it is to utilize its capital. It quoted its CEO Walden Rhines as saying that the company "will continue to include strategic acquisitions and share repurchases while retaining a strong balance sheet and financial position."

It has been nearly 20 years since the firm last made a disbursement to its stockholders. This occurred in July 1993, when it dispensed $0.06 per share.

That annual distribution of $0.18 per share yields 1.1% at Mentor Graphics' current stock price of $17.05.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2300927, ~/Articles/ArticleHandler.aspx, 4/18/2014 12:10:32 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.