Axiall Keeps Dividend Steady at $0.08

Specialty chemicals maker reinstated dividend last year after a four-year hiatus.

By Rich Duprey – May 22, 2013 at 5:48PM EST

Specialty chemicals maker Axiall (NYSE: AXLL) announced yesterday its second-quarter dividend of $0.08 per share, the same rate it's paid for the past four quarters after reinstating the payout.

The board of directors said the quarterly dividend is payable on July 10 to the holders of record at the close of business on June 28. Axiall suspended its dividend in 2008 before starting up again last year. The rate before the suspension was the same $0.08 per share.

The regular dividend payment equates to a $0.32-per-share annual dividend, yielding 0.6% based on the closing price of Axiall' stock on May 21.

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.

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Axiall Keeps Dividend Steady at $0.08

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