DST Systems Keeps Dividend Steady

The data center operator changed from a semiannual to annual payout schedule earlier this year.

By Rich Duprey – Jul 31, 2013 at 10:04PM EST

Data center operator DST Systems (DST +0.00%) announced yesterday its second-quarter dividend of $0.30 per share, the same rate it's paid for the past two quarters after switching from a semiannual payout schedule to a quarterly one.

The board of directors said the quarterly dividend is payable on September 13 to holders of record at the close of business on August 21. In connection with the switch to a quarterly dividend scheme, DST also raised the payout 50% from the previous annualized rate of $0.80 per share.

The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 1.7% based on the closing price today of DST Systems' stock.

DST Dividend data by YCharts. Chart does not fully reflect the change from a semiannual to quarterly payout schedule

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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DST Systems Keeps Dividend Steady

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