Laundry room operator Mac-Gray (NYSE:TUC) announced this morning its second-quarter dividend of $0.0875 per share, the same rate it paid last quarter after raising the payout 45%, from $0.0605 per share.
The board of directors said the quarterly dividend is payable on July 1 to the holders of record at the close of business on June 17. Mac-Gray has paid dividends since 2010 and has raised the payout every year since initiating it.
The regular dividend payment equates to a $0.35-per-share annual dividend, yielding 2.6% based on the closing price of Mac-Gray's stock on May 24.
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