CYS Investments (NYSE:CYS) is being a little more generous this quarter with its common stock payout. The company has declared a quarterly dividend of $0.34 per share for that class of security, to be paid on July 17 to shareholders of record as of June 25. That amount is $0.02 higher than the firm's previous common stock distribution, which was paid in April.

Meanwhile, CYS Investments also declared a pair of preferred stock dividends. Its class A preferred shareholders will receive $0.484375 per share on July 15 to holders of record as of July 1. Those same record and payment dates apply to series B holders, who will be paid $0.390625 per share.

The new common stock dividend annualizes to $1.36 per share. That yields 13.3% at CYS Investments' most recent closing stock price of $10.23.

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