This morning, Kar Auction Services (NYSE: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 (NYSE:AYR) maintained its quarterly dividend of 16.5 cents per share. And Techne (NASDAQ:TECH) maintained its quarterly dividend of 30 cents per share.
Among dividend increases, Scotts Miracle Gro (NYSE: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 (NYSE:CHSP) announced its quarterly dividend of 26 cents per share, an increase of about 8%.
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