SPX Keeps Dividend Steady

SPX (NYSE: SPW  ) is preparing to hand out the same quarterly dividend it's paid for nearly a decade. The company has declared a common stock distribution of $0.25 per share, to be dispensed on October 2 to shareholders of record as of September 16. The company has handed out that amount every quarter since it first declared a dividend in March 2004.

That payout annualizes to an even $1.00 per share, yielding 1.3% at SPX's current stock price of $75.44.

The announcement comes several weeks after the company released its Q2 results. For the quarter, it posted revenue of $1.22 billion, which was slightly under analyst expectations. However, its non-GAAP EPS of $1.10 far exceeded the average projection of $0.67.

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.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2606768, ~/Articles/ArticleHandler.aspx, 5/30/2015 11:07:39 AM

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...