By Colin Kellaher
LKQ’s board raised the auto-parts supplier’s quarterly dividend by 9% to 30 cents from 27.5 cents.
The new quarterly payout, equal to $1.20 a year, represents an annual yield of about 2.56%, based on Wednesday’s closing price of $46.92, up from 2.34%.
The Chicago company said the increased dividend is payable Nov. 30 to shareholders of record Nov. 16.
Write to Colin Kellaher at [email protected]
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