Collectors Universe Pays $0.35 As Quarterly Cash Dividend

Collectors Universe, Inc.

revealed that its board has declared a quarterly cash dividend of $0.35 a share for the period of the fourth quarter. The company said that the cash dividend would be paid on May 27 to stockholders. The company has also fixed a record on May 18 for the purpose of determining the eligible shareholders to get the dividend. Collectors Universe's dividend rate translated into $1.40 a share on an annualized basis. The dividend provided a yield of 7.9% based on the current price of $17.49. The company has been paying a dividend since the year 2006. The company's average growth rate of dividend for the five year period was 2.32% and three year period 2.5%. It boosted the dividend rate continuously for one year only. On Thursday, shares of the company traded down by 0.5%.