Specialty materials maker PolyOne (NYSE:POL) announced yesterday its second-quarter dividend of $0.06 per share, the same rate it paid the previous quarter after increasing it 20% from $0.05 per share.
The board of directors said the quarterly dividend is payable on July 2 to the holders of record at the close of business on June 13. PolyOne reinstated its dividend in 2011 after a nine-year hiatus and has increased the payout annually since then.
The regular dividend payment equates to a $0.24-per-share annual dividend yielding 1% based on the closing price of PolyOne's stock on May 15.
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