Cabot (NYSE:CBT) has elected not to shift its dividend policy for the time being. The company declared its latest common stock distribution, which is to be $0.20 per share paid on September 13 to shareholders of record as of August 30. That amount matches each of the firm's previous five distributions, the most recent of which was handed out in the middle of last month. Prior to that, Cabot paid $0.18 per share.
The company is a habitual and steady dividend payer, although it is conservative and careful in raising its disbursement. Since 2000, that payout has crept upwards from $0.11 per share to the present level.
The just-declared dividend annualizes to $0.80 per share. That yields 2% at Cabot's most recent closing stock price of $39.80.
Fool contributor Eric Volkman has no position in Cabot. Nor 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.