Tessco Technologies (TESS) Raises Quarterly Dividend 50% to $0.15; Yields 5%

Tessco Technologies, Inc. (NASDAQ: TESS) declared a quarterly dividend of $0.15 per share, or $0.60 annualized. This is a 50% increase from the prior dividend of $0.10.

The dividend will be payable on August 17, 2011, to stockholders of record on August 3, 2011, with an ex-dividend date of August 1, 2011.

The annual yield on the dividend is 5 percent.

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