High Yielding Dow Stock Keeps Dividend Steady

DuPont (DD: 35.28 +0.23%) announced today that its Board of Directors has approved a quarterly dividend of $.41 per share.

DuPont’s current dividend yield now stands at 5.6% making it the third highest yielding Dow stock. Only Verizon Communications (VZ: 29.8499 +0.34%) and AT&T (T: 25.53 +0.04%) offer higher dividend yields among the 30 Dow stocks.

The dividend will be payable on September 11, 2009 to shareholders of record as of August 14, 2009.

This makes the 420^th consecutive quarter that DuPont has paid dividends dating back to 1904.

DuPont’s stock finished down 1.9% today to close at $29.54. However, DuPont’s shares have gained nearly 17% since the beginning of 2009.

Last week, DuPont reported better than expected second quarter results. The chemical company earned $.61 per share, while Wall Street was only expecting earnings of $.55 per share