Plantronics, Inc. (PLT) Raises Quarterly Dividend 50% to $0.15; 1.4% Yield

Plantronics, Inc. (NYSE: PLT) declared a quarterly dividend of $0.15 per share, or $0.6 annualized. This is a 50% increase from the prior dividend of $0.10.

The dividend will be payable on June 10, 2014, to stockholders of record on May 20, 2014, with an ex-dividend date of May 16, 2014.

The annual yield on the dividend is 1.4 percent.

"We returned $103 million to our stockholders in fiscal year 2014 through our share repurchases and quarterly dividends, representing essentially all of our domestic cash generation,” stated Pam Strayer, SVP & Chief Financial Officer. “The dividend increase is commensurate with our philosophy of returning approximately one third of our domestic cash generation to our stockholders via dividends, with the balance being share repurchases.”

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

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