As if laying a foundation for a building, Apogee Enterprises (NASDAQ:APOG) is keeping its dividend level. The firm has declared its latest quarterly distribution, which is $0.09 per share. This will be paid on July 31 to shareholders of record as of July 16. That amount matches the firm's previous five distributions, the most recent of which was paid at the end of May. Prior to that, Apogee handed out slightly less -- $0.0815 per share.
Historically, the company has been an extremely steady and reliable dividend payer. It has distributed quarterly payouts since 1974.
The just-declared dividend annualizes to $0.36 per share. That yields 1.5% at Apogee's current stock price of $24.02.
Fool contributor Eric Volkman has no position in Apogee Enterprises, 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.