Financial services company FNB (NYSE:FNB) announced yesterday its second-quarter dividend of $0.12 per share, the same rate it's paid every quarter for the last four years. It cut the rate in half in 2009.
The board of directors said the quarterly dividend is payable on June 15 to the holders of record at the close of business on June 3. FNB has paid a dividend since at least 1988.
The regular dividend payment equates to a $0.48-per-share annual dividend yielding 4.1% based on the closing price of FNB's stock on May 15.