The sun continues to beam on Sun Hydraulics' (NASDAQ:SNHY) dividend. The company has declared a common stock distribution of $0.09 per share for its Q3, to be paid on October 15 to shareholders of record as of September 30. That amount matches its usual regular dividend. The preceding payout was dispensed in July.
Sun Hydraulics is a habitual dividend payer, and has handed out a special distribution on occasion. In December of last year, it declared such a payout of $1.00 per share.
The just-declared regular dividend annualizes to $0.36 per share. That yields just under 1% at Sun Hydraulics' most recent closing stock price of $36.07.
Fool contributor Eric Volkman has no position in Sun Hydraulics. The Motley Fool recommends Sun Hydraulics. 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.