Exelon (NYSE:EXC) has moderated its generosity, at least with respect to stockholder payouts. The company declared a quarterly dividend of $0.31 per share of its common stock, to be paid on June 10 to shareholders of record as of May 15. That amount is 41% lower than each of Exelon's three previous distributions of $0.525 per share, the most recent of which was handed out in February.
This will not come as a surprise to the firm's stockholders, however. Earlier this year, the company announced it would trim its payout.
The new dividend annualizes to $1.24 per share. That yields 3.3% at Exelon's current stock price of $37.13.
Fool contributor Eric Volkman has no position in Exelon. The Motley Fool recommends Exelon. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.