Diebold Fails to Raise Its Dividend

Last month, Diebold ($DBD) didn’t raise their dividend. Why is that news? Because this is something that hasn’t happened in 61 years. I can’t be positive, but I believe that’s the longest such streak in Corporate America.

This is from a press release last month:

In addition, the board of directors of Diebold, Incorporated declared a first-quarter cash dividend of $0.2875 per share on all common shares, which would maintain an annualized dividend of $1.15 per share. The dividend is payable on Friday, March 7, to shareholders of record at the close of business on Monday, Feb. 24.

Here’s a press release from February 2013 noting the 60th consecutive increase. That increase was a measly 1%. I’m glad the company didn’t do a token increase just to keep the streak alive.

I’m sorry to see the streak end, but I applaud DBD for a remarkable run.

Posted by on March 26th, 2014 at 3:02 pm


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