Pier 1 Imports Declares Dividend

Pier 1 Imports (NYSE: PIR  ) is continuing to export some of its money in the form of shareholder payouts. The company has declared a quarterly common stock dividend of $0.05 per share, to be paid on Aug. 7 to shareholders of record as of July 24. That amount matches both of the company's previous two distributions, the most recent of which was paid in early May. Before that, Pier 1 Imports was less generous by a cent, handing out $0.04 per share.

The company reinstated dividend payments last year following a hiatus of more than five years.

The just-declared dividend annualizes to $0.20 per share. That yields 0.9% at Pier 1 Imports' most recent closing stock price of $23.15.


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: 2521697, ~/Articles/ArticleHandler.aspx, 4/19/2014 1:46:10 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...


Advertisement