Discount retailer Family Dollar (FDO.DL) today announced plans to keep its dividend steady at $0.26 per share for another quarter.

The company has paid this amount since April, after boosting its dividend 23.8%, from $0.21 per share of common stock. Family Dollar's most recent dividend will be payable Oct. 15 to stockholders of record as of Sept. 13. The retailer has paid a quarterly dividend since 1976.

On an annualized basis, Family Dollar's dividend totals to $1.04 per share. As of the market's close on Aug. 30, the company's stock was trading at $71.19, which means its dividend yields 1.5%.

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