Techne Keeps Dividend at $0.30

Biologics researcher Techne  (NASDAQ: TECH  )  will pay a regular quarterly dividend of $0.30 on May 24 to the holders of record at the close of business on May 10.

It has paid a quarterly dividend consistently since 2008 and has raised it every year for the past four years.

Minnesota-based Techne derives more than 95% of its revenues from biologics products that are developed and manufactured in-house through two subsidiaries, Research and Diagnostic Systems in Minneapolis and R&D Systems Europe, which is based in Abingdon, England. 

The most recent dividend payment equates to a $1.20-per-share annual dividend yielding 1.9% based on the close price of Techne's stock on April 29.

TECH Dividend Chart

TECH Dividend data by YCharts

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9/30/2016 2:45 PM
TECH $109.61 Up +1.35 +1.25%
Techne CAPS Rating: ***