Department store operator Bon-Ton (NASDAQ:BONT) announced yesterday its second-quarter dividend of $0.05 per share, the same rate it's paid since 2007.

The board of directors said the quarterly dividend is payable on Aug. 5 to the holders of record at the close of business on July 19. Bon-Ton has paid quarterly dividends since 2003.

The regular dividend payment equates to a $0.20-per-share annual dividend, yielding 1% based on the closing price of Bon-Ton's stock on May 21.

BONT Dividend Chart

BONT Dividend data by YCharts

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.