Cultured-dairy products maker Lifeway Foods (NASDAQ:LWAY) announced yesterday it will be paying its second annual dividend in the amount of $0.08 per share, 14% more than it paid last year when it initiated the payout at $0.07.
The board of directors said the dividend is payable on June 28 to shareholders of record as of the close of business on May 31. Lifeway is best known for its kefir products, a dairy beverage that contains 10 exclusive live and active probiotic cultures.
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.