Quest Diagnostics (NYSE:DGX) has diagnosed that its shareholders deserve another payout. The company declared a quarterly dividend of $0.30 per share of its stock, to be dispensed on July 17 to shareholders of record as of July 2. This amount matches each of Quest Diagnostics' preceding two quarterly payouts, the most recent of which was distributed in April. Prior to that, the firm handed out $0.17 per share.
The company is a reliable dividend payer. Since early 2004, its quarterly distribution has ranged from $0.09 per share to the current level.
The just-declared dividend annualizes to $1.20 per share. That yields 1.9% at Quest Diagnostics' current stock price of $61.56.
Fool contributor Eric Volkman has no position in Quest Diagnostics. The Motley Fool recommends Quest Diagnostics. 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.