Mattress bedding manufacturer Culp (NYSE:CULP) announced today its third-quarter dividend of $0.04 per share, the same rate it paid last quarter after raising the payout 33% from $0.03 per share.

The board of directors said the quarterly dividend is payable on October 15 to holders of record at the close of business on October 1. The regular dividend payment equates to a $0.16-per-share annual dividend, yielding 0.9% based on the closing price today of Culp's stock.

CFI Dividend Chart

CFI Dividend data by YCharts. Chart reflects the special dividend paid in December 2012.

Fool contributor Rich Duprey and The Motley Fool have no position in any stocks mentioned. 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.