Market Overview

EMC Dividend Provides 1.70% Yield


EMC Corporation (NYSE: EMC) revealed that its board has declared a quarterly cash dividend of $0.115 a share. On an annualized basis, this is translated into $0.46 a share. The latest dividend provided a yield of 1.7 percent.

The company indicated that the dividend would be payable on July 22 to all its shareholders. The company has fixed the record date of July 1 for the purpose of determining the shareholders.

EMC's latest dividend represented 45.0 percent of the payout ratio, i.e. the company paid 45.0 percent of its profit as a dividend. The company, which has been paying a dividend since 2013, has boosted the dividend rate in the last two straight years.

On Monday, the stock traded 1.24 percent higher.

Posted-In: News Dividends


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