Farmer Bros. (FARM) Reduces Quarterly Dividend to $0.06, Yields 1.3%.
Farmer Bros. Co. (Nasdaq: FARM) today said its Board of Directors approved payment of a dividend of $0.06 per share, $0.24 annualized. The dividend is a 48% reduction from the current rate of $0.115.
The dividend is payable on February 14, 2011, to stockholders of record on January 28, 2011. The ex-dividend date is January 26, 2011.
Yield on the dividend is 1.3%.... Read more
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