Tyco Keeps $0.16 Dividend Steady

The company matches its previous distribution.

By Rich Duprey – May 3, 2013 at 5:13PM EST

Tyco (TYC +0.00%) declared it will pay a quarterly cash dividend of $0.16 per share on August 21 to shareholders of record at the close of business on July 26.

That rate is the same one that the fire protection and security specialist paid last quarter when it raised its dividend by a penny, or almost 7%. Tyco has consistently paid a dividend for more than two decades. In September, it spun off its North American security business to shareholders.

The new dividend annualizes to $0.64 per share, and yields 2% at the closing price of Tyco's stock on May 2.

TYC Dividend data by YCharts
Chart reflects the September 2012 spinoff of Tyco's North American security business.

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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Tyco Keeps $0.16 Dividend Steady

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