Compuware Declares Fresh Dividend

For only the second time in its decades-long history, Compuware (NASDAQ: CPWR  ) is handing out a dividend. The company has declared a quarterly common stock distribution of $0.125 per share, to be paid on September 25 to shareholders of record as of September 11. That amount matches the firm's previous and inaugural payout, which was dispensed in June. 

When declaring that initial payout, the company quoted CEO Bob Paul as saying that it "reflect[ed] the momentum of the Company's strategy and the progress we have made, including the successful transformation to high-growth businesses and the stabilization of our mainframe business."

The just-declared dividend annualizes to $0.50 per share. That yields 4.6% at Compuware's current stock price of $10.82.


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: 2614419, ~/Articles/ArticleHandler.aspx, 4/19/2014 2:59:51 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...


Advertisement