Great Plains Energy (NYSE:GXP) is keeping its dividend as level as the geographical feature in its company name. The company will distribute $0.2175 per share of its common stock on June 20 to shareholders of record as of May 20. This amount matches the company's previous two disbursements, the most recent of which was paid in March. Before that, Great Plains handed out $0.2125.
The new dividend annualizes to $0.87 per share. That yields 3.6% at the company's most recent closing stock price of $24.17.
The company is scheduled to unveil its Q1 2013 earnings on Thursday.
Fool contributor Eric Volkman has no position in Great Plains Energy. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.