Diversified industrial company Hillenbrand (NYSE:HI) announced today its fourth-quarter dividend of $0.195 per share, the same rate it's paid for the past three quarters after raising the payout 1% from $0.1925 per share.
The board of directors said the quarterly dividend is payable on Septmeber 30 to holders of record at the close of business on September 16. The regular dividend payment equates to a $0.78-per-share annual dividend, yielding 3.2% based on the closing price today of Hillenbrand's stock.
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