Lexington, KY - Lexmark’s board of directors has approved an increase of the quarterly dividend per shares of Lexmark Class A Common Stock by $0.05 per share to $0.30 per share (or $1.20 per share on an annual basis) from the previous $0.25 per share (or $1.00 per share on an annual basis). The increase was announced at the Lexington-based company’s annual stockholders meeting.
A press release said the new quarterly dividend of $0.30 per share will be paid on June 15, 2012, to shareholders of record as of the close of business on June 1, 2012. The new quarterly dividend equates to a yield of approximately 4 percent based on the company's stock price as of yesterday's close of trading.
The company also announced that each of the five directors up for election, and the advisory vote on executive compensation, were approved by shareholders by more than 93 percent of cast votes.
Future declarations of dividends are subject to board of director approval and may be adjusted as business needs or market conditions change.