Accessibility Menu
Arrow-Thin-Down
S&P 500
6,624.70
-1.4%
-91.39
Arrow-Thin-Down
DJI
46,225.15
-1.6%
-768.11
Arrow-Thin-Down
NASDAQ
22,152.42
-1.5%
-327.11
Arrow-Thin-Down
Bitcoin
$69,987.00
-4.2%
-$3,054.46
Arrow-Thin-Down
AMZN
$209.87
-2.5%
-$5.33
Arrow-Thin-Down
GOOG
$306.39
-1.0%
-$3.02
Arrow-Thin-Down
META
$615.88
-1.1%
-$6.78
Arrow-Thin-Down
MSFT
$391.93
-1.9%
-$7.48
Arrow-Thin-Down
NVDA
$180.48
-0.8%
-$1.46
Arrow-Thin-Down
TSLA
$392.52
-1.7%
-$6.75
Most Active StocksDaily Stock GainersDaily Stock Losers

DST Systems Keeps Dividend Steady at $0.30

Data center operator switched to quarterly dividend schedule in first quarter.

By Rich Duprey – May 15, 2013 at 1:12PM EST

Data center operator DST Systems (DST +0.00%) 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.

Read Next

About the Author

Rich Duprey
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.

TMFCop

Stocks Mentioned

DST Systems Stock Quote
DST Systems
NYSE: DST
--
--

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

View Premium Services