This morning, Kar Auction Services (KAR) declared its quarterly dividend of 19 cents per share, maintaining the amount paid to shareholders the last quarter. Based in the current stock price, investors can expect a yield of about 3.1% going forward. Shares of KAR were sharply lower on Tuesday, falling 4.6%.
In other dividend news, Aircastle (AYR) maintained its quarterly dividend of 16.5 cents per share. And Techne (TECH) maintained its quarterly dividend of 30 cents per share.
Among dividend increases, Scotts Miracle Gro (SMG) announced its quarterly dividend of 43.75 cents per share, an increase of about 35% over its prior dividend. And the Chesapeake Lodging Trust (CHSP) announced its quarterly dividend of 26 cents per share, an increase of about 8%.
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