Kennametal (KMT) Raises Qtr. Dividend 14.3% to $0.16, 1.9% Yield; Adds 4M Shares to Buyback Plan

July 26, 2012 8:26 AM EDT
Kennametal, Inc. (NYSE: KMT) declared a quarterly dividend of $0.16 per share, or $0.64 annualized. This is a 14.3% increase from the prior dividend of $0.14.

The dividend will be payable on August 22, 2012, to stockholders of record on August 7, 2012, with an ex-dividend date of August 3, 2012.

The annual yield on the dividend is 1.9 percent.

For a dividend history and other dividend-related data on Kennametal, Inc. (KMT) click here.

The company's Board amended its multi-year repurchase program of up to 12 million shares of the company's outstanding common stock (previously 8 million shares).

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