Cereal maker Post Holdings (NYSE:POST) announced yesterday it is paying a dividend of $0.9375 per share on its 3.75% Series B cumulative perpetual convertible preferred stock, representing a pro-rata payment for the period May 15 to Aug. 14.
The board of directors said the quarterly dividend is payable on Aug. 15 to the holders of record at the close of business on Aug. 1. The cereal maker does not pay a dividend on its regular common stock.
Post Holdings, which owns such notable brands as Raisin Bran, Grape Nuts, and Honeycomb, had revenues of $974 million for the 12-month period ending March 31.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.