Beam, Inc. (BEAM) Raises Quarterly Dividend 10% to $0.225; 1.5% Yield
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Beam, Inc. (NYSE: BEAM) declared a quarterly dividend of $0.225 per share, or $0.9 annualized. This is a 9.8% increase from the prior dividend of $0.205.
The dividend will be payable on March 1, 2013, to stockholders of record on February 6, 2013, with an ex-dividend date of February 4, 2013.
The annual yield on the dividend is 1.5 percent.
"Even as Beam continues to see substantial high-return opportunities to build our brands and create long-term shareholder value, we also return immediate value to shareholders with an attractive dividend," said Matt Shattock, president and chief executive officer of Beam. "Our long-term target is to sustain an earnings payout ratio of approximately 35-40%, and this double-digit increase in the dividend reflects the Board’s and management’s confidence in our prospects to deliver sustainable, profitable long-term growth."
For a dividend history and other dividend-related data on Beam, Inc. (BEAM) click here.
The dividend will be payable on March 1, 2013, to stockholders of record on February 6, 2013, with an ex-dividend date of February 4, 2013.
The annual yield on the dividend is 1.5 percent.
"Even as Beam continues to see substantial high-return opportunities to build our brands and create long-term shareholder value, we also return immediate value to shareholders with an attractive dividend," said Matt Shattock, president and chief executive officer of Beam. "Our long-term target is to sustain an earnings payout ratio of approximately 35-40%, and this double-digit increase in the dividend reflects the Board’s and management’s confidence in our prospects to deliver sustainable, profitable long-term growth."
For a dividend history and other dividend-related data on Beam, Inc. (BEAM) click here.
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