Allegheny Technologies (NYSE:ATI) is continuing to forge a payout for its shareholders. The company has declared its latest dividend, which is to be $0.18 per share paid on September 18 to shareholders of record as of August 21. That amount is in line with all of the company's preceding quarterly payouts stretching back to December 2007. Prior to that, Allegheny Tech handed out $0.13 per share.
The firm has been a rock-solid dividend payer over the years. It's dispensed a payout in every quarter starting from Q1 1996.
The just-declared dividend annualizes to $0.72 per share. That yields 2.6% at Allegheny Tech's most recent closing stock price of $27.79.
Fool contributor Eric Volkman has no position in Allegheny Technologies. 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.