Pall (NYSE:PLL) investors are about to find a few more coins in their pockets. The company has declared a quarterly dividend of $0.275 per share, to be paid on Nov. 8 to shareholders of record as of Oct. 18. That amount is $0.025, or 10%, higher than each of the firm's preceding four distributions of $0.25 apiece, the most recent of which was paid in August.
In the press release announcing the news, the company did not hesitate to mention that this is the 10th time it's raised the distribution since 2004.
The new disbursement annualizes to $1.10 per share. That yields 1.4% at Pall's most recent closing stock price of $77.17.
Fool contributor Eric Volkman has no position in Pall. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.