MFC Industrial Ltd. (MIL) Declares $0.05 Quarterly Dividend; 2.6% Yield, Raises Annual Divided 10%
MIL Hot Sheet
Dividend Yield: 2.6%
MFC Industrial Ltd. (NYSE: MIL) declared a quarterly dividend of $0.05 per share, or $0.2 annualized.
The dividend will be payable on February 10, 2012, to stockholders of record on January 27, 2012, with an ex-dividend date of January 25, 2012.
The annual yield on the dividend is 2.6 percent.
MFC Industrial Ltd announced that its Board of Directors has declared an annual cash dividend for 2012 of US$0.22 per common share. The dividend is 10% higher than the dividend paid in 2011, and, based on the closing price of $7.01 for the Company's common shares on December 31, 2011, represents a dividend yield of approximately 3.13%, compared to an annual dividend yield of approximately 2.51% for the NYSE Composite Index in 2011.
The remaining quarterly dividend payments in 2012 are expected to be made as follows: March - $0.05; June - $0.06; and September - $0.06.
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The dividend will be payable on February 10, 2012, to stockholders of record on January 27, 2012, with an ex-dividend date of January 25, 2012.
The annual yield on the dividend is 2.6 percent.
MFC Industrial Ltd announced that its Board of Directors has declared an annual cash dividend for 2012 of US$0.22 per common share. The dividend is 10% higher than the dividend paid in 2011, and, based on the closing price of $7.01 for the Company's common shares on December 31, 2011, represents a dividend yield of approximately 3.13%, compared to an annual dividend yield of approximately 2.51% for the NYSE Composite Index in 2011.
The remaining quarterly dividend payments in 2012 are expected to be made as follows: March - $0.05; June - $0.06; and September - $0.06.
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