Interpool to Boost Dividend

The company expects to pay $1 a share next year.
Author:
Publish date:

Interpool

(IPX)

said its board established a new dividend policy for 2007, more than tripling the planned payout from the current rate.

The company said it expects to pay a quarterly dividend of 25 cents a share four times next year, for an annual rate of $1 a share. At the moment, Interpool is paying an annual dividend of 32 cents.

The increased rate will begin with the January 2007 payment. Shares of Interpool, a supplier of equipment and services to the transportation industry, were rising 12 cents, or 0.6%, to $21.69.