Pediatric nutrition specialist Mead Johnson (NYSE:MJN) announced today its third-quarter dividend of $0.34 per share, the same rate it's paid for the past two quarters after raising the payout 13% from $0.30 per share.
The board of directors said the quarterly dividend is payable on Oct. 1 to the holders of record at the close of business on Sept. 16. The regular dividend payment equates to a $1.36-per-share annual dividend, yielding 1.8% based on the closing price today of Mead Johnson's stock.
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