Universal Technical Institute (NYSE:UTI) doesn't seem like it needs to learn how to make dividend payments. The company is staying true to recent form by declaring a quarterly distribution, which is to be $0.10 per share. This will be paid on June 28 to shareholders of record as of June 21. That amount matches each of the firm's previous regular distributions, the most recent of which was disbursed in late March.
The company is a relative newcomer to the world of dividend payments. It initiated regular payouts in March of last year.
The just-declared dividend annualizes to $0.40 per share. That yields 3.5% at Universal Technical Institute's most recent closing stock price of $11.54.
Fool contributor Eric Volkman has no position in Universal Technical Institute, and neither does The Motley Fool. 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.
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