Zep Boosts Quarterly Dividend 25%

Chemical packaged goods company Zep (NYSE: ZEP  ) has increased its quarterly dividend payout by 25%, from $0.04 to $0.05 per share of common stock. This is the first time the company has upped its quarterly dividend since initiating a payout in February 2008. The amount will be payable on November 1 to shareholders of record as of the close of business on October 17.

On an annualized basis, Zep's new dividend adds up to $0.20 per share. The company's stock was trading at a price of $16.15 as of the close of business on October 3, which means Zep currently has a dividend yield of 1.2%.

 
 

link


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: 2668187, ~/Articles/ArticleHandler.aspx, 7/13/2014 5:36:48 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