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Spreadtrum Declares Fresh Quarterly Dividend

Wednesday - 3/20/2013, 9:42pm  ET

Spreadtrum Communications has declared its first quarterly dividend for 2013. It will hand out $0.10 per each of its American Depositary Shares on April 25 to shareholders of record as of April 10. This amount matches its previous five disbursements of $0.05 per ADS.

This is the company's eighth dividend. All of these have come in successive quarters, stretching back to July 2011.

The current dividend annualizes to $0.40 per share. That amount yields 2.0% at Spreadtrum Communications' most recent closing ADS price of $19.69.

This article was originally published as Spreadtrum Declares Fresh Quarterly Dividendon Fool.com

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