WASHINGTON (dpa-AFX) - Lexmark International Inc. (LXK) said its board has approved an increase of the quarterly dividend per shares of Lexmark Class A Stock by $0.05 per share to $0.30 per share from the previous $0.25 per share. This new quarterly dividend would be paid on June 15, 2012, to shareholders of record as of the close of business on June 1, 2012.
The new quarterly dividend equates to a yield of about 4 percent based on the company's stock price as of yesterday's close of trading.
Also, the company announced that each of the five directors up for election, and the advisory vote on executive compensation, were approved by shareholders by over 93 percent of cast votes.
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