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Shirley Lazo reports in the current Barron's that portfolio holding USA Mobility (NASDAQ:USMO) voted last week to begin paying quarterly dividends. According to the piece:

The payout will be 65 cents a share, and the initial disbursement is slated for late in the fourth quarter. USA Mobility on July 21 paid a special dividend of $3, worth approximately $82 million, on its 27.3 million common shares outstanding. That followed a $1.50 bonus ($41 million) last December. The proposed dividend translates into some $71 million annually to investors.

Then, further down:

USA Mobility became debt-free a year ago after repaying $140 million in bank borrowings used to fund its formation. Cash on hand last June 30 was $109.2 million, versus $42.6 million the same time last year.

A reader reminded me last month that looking at payouts was instrumental in assessing USA Mobility's portfolio performance.

That's true for several other holdings, such as 3i Group and BCE Inc. (NYSE:BCE).

USMO 1-yr chart:

USMO 1-yr chart

You can read my original rationale for owning USA Mobility here.

Source: USA Mobility Moves to Quarterly Dividend