Student Transportation's Dividend Provides 9.1% Yield

Student Transportation Inc.

, which is North America's biggest independent provider of student transportation, revealed that its Board of Directors has given its approval for a regular monthly cash dividend of US$0.03667 per common share. According to the company, the monthly distribution would be payable on the dates of August 15, September 15 and October 17 of 2016 to its shareholders. The company indicated that the record would be the close of the last business day on each of the months of July through September of 2016. Student Transportation said that the October payment would be the company's 141st straight monthly dividend paid to shareholders of record. Its dividend provided a yield 9.10%. Significantly, the average yield for the last five year also remained at 9.1%. The stock traded 0.41 percent down on Thursday.