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Rockwood Holdings Keeps Dividend Steady

Friday - 5/24/2013, 4:49am  ET

Specialty chemicals maker Rockwood Holdings  announced yesterday its second-quarter dividend of $0.40 per share, the same rate it paid last quarter after raising the payout 14%, from $0.35 per share.

The board of directors said the quarterly dividend is payable on July 19 to the holders of record at the close of business on June 4. Rockwood has only paid dividends since last year, and has already increased the payout once.

The regular dividend payment equates to a $1.60-per-share annual dividend, yielding 2.4%, based on the closing price of Rockwood Holdings' stock on May 22.

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This article was originally published as Rockwood Holdings Keeps Dividend Steadyon Fool.com

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