Deep-discount retailer Family Dollar (NYSE:FDO) announced yesterday its second-quarter dividend of $0.26 per share, the same rate it paid last quarter after raising the payout 24% from $0.21 per share.
The board of directors said the quarterly dividend is payable on July 15 to the holders of record at the close of business on June 14. The discounter has made quarterly cash payouts since 1997 and has raised the dividend every year since.
The regular dividend payment equates to a $1.04-per-share annual dividend, yielding 1.7% based on the closing price of Family Dollar's stock on June 3.
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