Liquor distributor Beam (UNKNOWN:BEAM.DL) has decided to maintain its  quarterly dividend. The payment for this quarter will be $0.225 per share of common stock. This is the same amount the company has paid since February, when Beam raised its payout by more than 9% from $0.205 a share.

Beam will make the amount payable on Sept. 3 to shareholders of record as of Aug. 14. Annualized, this payout comes to $0.90 per share. As of market close on July 31, Beam's price per share was $64.99, which means its current yield is 1.3%.



Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool recommends Beam. 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.