EMC Dividend Provides 1.70% Yield

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EMC Corporation
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%. 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% of the payout ratio, i.e. the company paid 45.0% 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% higher.
Posted In: NewsDividendsPress Releases
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