Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



CapitalSource Declares Q3 Dividend

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

CapitalSource (UNKNOWN: CSE.DL2  ) has elected to stick to its long-term dividend policy, despite a looming change in ownership. The lender declared a common stock dividend of $0.01 per share for its Q3. This will be dispensed on or about September 27 to shareholders of record as of September 13. That amount matches all of CapitalSource's payouts stretching back to March 2009, with the exception of a special dividend of $0.50 per share that was paid at the end of last year.

The company is keeping its payout steady in advance of its impending absorption into fellow California financial PacWest Bancorp (NASDAQ: PACW  ) , a $2.3 billion acquisition that was announced in July.

The just-declared dividend annualizes to $0.04 per share. That yields 0.3% at CapitalSource's most recent closing stock price of $11.61.

Read/Post Comments (0) | Recommend This Article (1)

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.

Compare Brokers

Fool Disclosure

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: 2620476, ~/Articles/ArticleHandler.aspx, 9/30/2016 2:50:29 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...

Today's Market

updated 5 hours ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
CSE.DL2 $0.00 Down +0.00 +0.00%
CapitalSource CAPS Rating: *****