Bio-Techne Corporation Announces Quarterly Dividend
Minneapolis, MN, February 5, 2025 – Bio-Techne Corporation (NASDAQ: TECH), a leading provider of innovative biotechnology products for research and clinical applications, announced today that its Board of Directors has declared a dividend of $0.08 per share for the quarter ended December 31, 2024.
Details of the Dividend
The dividend is payable on February 28, 2025, to all common shareholders of record as of February 17, 2025. This marks the 14th consecutive quarterly dividend paid by Bio-Techne, demonstrating the company’s commitment to delivering value to its shareholders.
Impact on Shareholders
For individual investors, the dividend payment represents a 1.9% yield based on the current stock price. This regular income stream can help provide stability and predictability to investment portfolios. Additionally, the dividend reinvestment plan (DRIP) allows shareholders to automatically reinvest their dividends to purchase additional shares, increasing their ownership stake in the company.
Impact on the World
Bio-Techne’s dividend announcement is a positive sign for the overall economy and the biotechnology sector. Dividends contribute to economic growth by providing income to individuals and institutions, encouraging long-term investment, and helping to stabilize financial markets. In the biotechnology sector, dividends can signal financial strength and stability, making Bio-Techne an attractive investment for income-focused investors.
Conclusion
Bio-Techne Corporation’s announcement of a $0.08 per share dividend for the quarter ended December 31, 2024, is a testament to the company’s financial strength and commitment to delivering value to its shareholders. This dividend payment will provide a stable income stream for investors and contribute to the overall economic growth. As the biotechnology sector continues to grow and evolve, companies like Bio-Techne that consistently pay dividends will remain attractive investment opportunities for income-focused investors.
- Bio-Techne Corporation declares a quarterly dividend of $0.08 per share
- Dividend payable on February 28, 2025, to shareholders of record on February 17, 2025
- 14th consecutive quarterly dividend for Bio-Techne
- Dividend payment provides stability and predictability to investment portfolios
- Dividend reinvestment plan (DRIP) available for shareholders
- Positive sign for the economy and biotechnology sector
- Regular income stream and long-term investment encouragement
- Bio-Techne’s dividend payment reflects financial strength and stability
