Diebold Announces First-Quarter Dividend

by Sean Sposito

FEB 7, 2013 12:25pm ET

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The ATM maker Diebold (DBD) said Tuesday that it is giving investors 28.75 cents per share, payable on Friday.

The North Canton, Ohio, company said the cash payment is an increase of 1 percent over the dividend paid out in the same quarter last year.

"Diebold understands that one of its most important assets is the streak of consecutive years of raising its dividend," says Gil Luria, managing director, equity research at Wedbush Securities. "In fact, I believe Diebold has the longest active streak of any U.S. publicly traded company. The 4% dividend yield is very important for investors and so the extension of the streak is important as well."

In January Diebold's president and chief executive, Thomas W. Swidarski, resigned amid pressure from the board of directors.

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