Biological products manufacturer Techne (NASDAQ:TECH) announced today its second-quarter dividend of $0.30 per share, the same rate it's paid for the past three quarters after raising the payout 7% from $0.28 per share.

The board of directors said the quarterly dividend is payable on Aug. 31 to the holders of record at the close of business on Aug. 16. The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 1.6% based on the closing price today of Techne's stock.

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