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.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.