Data center operator DST Systems (NYSE:DST) will pay a second-quarter dividend of $0.30 per share, the same rate it paid last quarter after switching from a semiannual payout schedule to a quarterly one, the company announced yesterday.

The board of directors said the quarterly dividend is payable on June 14 to the holders of record at the close of business on May 29. In connection with the switch to a quarterly dividend scheme, DST also raised the payout 50% from the previous annualized rate of $0.80 per share.

The regular new dividend payment equates to a $1.20-per-share annual dividend yielding 1.7% based on the closing price of DST Systems' stock on May 14.

DST Dividend Chart

DST Dividend data by YCharts. Chart does not reflect change from a semiannual to quarterly dividend payout schedule.