National Presto's Dividend Income Capacity

Wisconsin-based National Presto Industries (NYSE:NPK) is a mini-conglomerate that operates three unrelated but successful operating units. Sales and profit generation have grown steadily over the past few years, and a special dividend awarded each year to shareholders may be of interest to income-minded investors

National Presto's stated dividend yield is only 1% as it pays a regular quarterly dividend of 25 cents, for an annual payout of $1.00. However, for at least the past five years it has also paid out an extra dividend, and it has grown from $1.20 per share in 2006 to an impressive $7.15 in 2010. For last year, that works out to a dividend yield in excess of 7%, based on where the stock is currently trading.

Source: Investopedia

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