National Instruments (NASDAQ:NATI) has elected to maintain its dividend. The company declared a distribution of $0.14 per share, to be paid on Sept. 3 to shareholders of record as of Aug. 12. That amount matches each of the company's previous six distributions, the most recent of which was paid at the beginning of June. Before that, National Instruments handed out $0.10 per share.
The company has been a steady dividend payer over the years. Since August 2003, its distribution has ranged from $0.05 to $0.15 per share.
The just-declared dividend annualizes to $0.56 per share. That yields 1.8% at National Instruments' most recent closing stock price of $30.52.
Fool contributor Eric Volkman has no position in National Instruments. The Motley Fool recommends National Instruments. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.