Waddell & Reed Financial (WDR) Raises Quarterly Dividend 26.5% to $0.43; 3.8% Yield

Waddell & Reed Financial (NYSE: WDR) declared a quarterly dividend of $0.43 per share, or $1.72 annualized. This is a 26.5% increase from the prior dividend of $0.34.

The dividend will be payable on February 2, 2015, to stockholders of record on January 12, 2015, with an ex-dividend date of January 8, 2015.

The annual yield on the dividend is 3.8 percent.

“This marks the fifth consecutive annual increase to our dividend and represents a compound annual growth rate of 18% over that period” said Henry J. Herrmann, chairman and chief executive officer. “We remain committed to returning excess capital to our shareholders, and are able to execute upon that commitment through the substantial strength of our balance sheet.”

For a dividend history and other dividend-related data on Waddell & Reed Financial (WDR) click here.

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