Even the COVID-19 pandemic and a deflated share price couldn’t prevent Nielsen’s Board of Directors from declaring a very healthy dividend to its stock holders.
The Board of Directors on Friday declared a quarterly cash dividend of $0.06 per share of Nielsen’s common stock.
The dividend is payable on September 3, to shareholders of record at the close of business on August 20.
While some companies have slashed their dividend or altogether eliminated them due to the COVID-19 crisis and the economic wrath it has brought, Nielsen’s dividend is downright rich.
And, it comes as NLSN entered Friday’s after-hours trading at $15.35 – still below the March meltdown seen for it and many other media-related stocks.
In fact, a $17.52 finish for Nielsen shares was seen June 8. It suggested that Nielsen had erased its novel coronavirus-fueled stock woes.
However, NLSN subsequently fell to near $14 on June 26, and has seen slow upward momentum since.
Nielsen shares started 2020 just over $20 per share.