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Showing posts from September, 2019
Honeywell hikes dividend by 9.8%
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Honeywell International (HON) will raise its quarterly dividend by 9.8 percent to $0.90 per share in the fourth quarter of 2019. Last year the industrial company hiked its dividend by 10.1 percent. The next dividend is payable on December 6, 2019, out of surplus to holders of record at the close of business on November 15, 2019. A new annual rate of $3.60 per share yields 2.2% at a stock price of $167. "We are continuing our aggressive capital deployment strategy with today's announcement that we will increase our dividend rate by double digits for the 10th time since 2010," said Chairman and Chief Executive Officer Darius Adamczyk. "Honeywell is well positioned for future growth, and we remain focused on continuing to deliver value to our shareowners." Honeywell International Inc. is a technology and manufacturing company. The company's business segments are Aerospace, Honeywell Building Technologies, Performance Materials and Technologies and Safety ...
Lockheed Martin hikes dividend by 9.1%
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Lockheed Martin (LMT) will raise its quarterly dividend by 9.1 percent to $2.40 per share in 2019. This follows a 10.0 percent dividend increase by the defence company last year. This year will be the 17th consecutive year of dividend increases by LMT. The next dividend is payable on December 27, 2019, to holders of record as of the close of business on December 2, 2019. A new annual rate of $9.60 per share yields 2.4% at a stock price of $393. Lockheed Martin is a security and aerospace company that is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The company also provides a broad range of management, engineering, technical, scientific, logistics, system integration and cybersecurity services. Lockheed serves both U.S. and international customers with its principal customers being agencies of the U.S. Government. The company's four business segments are: Aeronautics, Mis...
Artesian Resources hikes dividend by 1.5%
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Artesian Resources Corporation (ARTNA) will raise its quarterly dividend by another 1.5 percent to $0.2496 per share in the fourth quarter of 2019. This follows a similar dividend hike earlier this year by the water company. The next dividend is is payable November 22, 2019 to shareholders of record at the close of business on November 8, 2019. A new annual rate of 99.84 cents per share yields 2.7% at a stock price of $36.66. “We are pleased once again to provide our shareholders with a consistent return for their investment as we continue to successfully achieve our strategic initiatives. With the leadership of our management team and our dedicated employees, we are privileged to be able to continue to share these successes with you as a stakeholder in our company,” said Dian C. Taylor, Chair, President and CEO. Artesian Resources Corporation operates as the holding company for wholly-owned subsidiaries offering water, wastewater services and related services on the D...
Levi Strauss initiates dividend
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Levi Strauss & Co. (LEVI) will start paying a quarterly dividend of $0.15 per share. Earlier this year the jeans maker had announced its intention to pay a dividend of $55 million. The actual per share dividend is approximately $4 million dollars, or 7 percent higher than the amount the company named this January prior to its IPO. The first dividend is payable on October 17, 2019, to both Class A and Class B common stock shareholders of record as of the close of business on October 5, 2019. An annualized dividend rate of 60 cents yields 3.5% at a stock price of $17. Levi Strauss & Co. is a manufacturer of apparel. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi's, Dockers, Signature by Levi Strauss & Co., and Denizen brands. Its products are sold worldwide through a combination of chain retailers, department stores, online sites, and retail stores and shop-in-shops. Levi Strauss & Co. became a...
W.P. Carey hikes dividend by 0.2%
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W. P. Carey (WPC) will raise its quarterly dividend by another 0.2 percent to $1.036 per share in 2019. The commercial REIT has raised its dividend for 21 consecutive years. The next dividend is payable on October 15, 2019 to stockholders of record as of September 30, 2019. A new annual rate of $4.144 per share yields 4.6% at a stock price of $90. W. P. Carey Inc. is a net lease commercial real estate investment trust that provides real estate-based financing solutions. The company invests in high-quality single-tenant industrial, warehouse, office and retail properties subject to long-term leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry. W.P. Carey has paid a dividend every year since going public in 1998.
McDonald´s hikes dividend by 7.8%
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McDonald's Corporation (MCD) will increase its quarterly dividend by 7.8 percent to $1.25 per share in 2019. This marks the 43rd consecutive year of dividend increases for the Dividend Aristocrat. The next dividend is payable on December 16, 2019 to shareholders of record at the close of business on December 2, 2019. A new annual rate of $5.00 per share yields 2.4% at a stock price of $209. McDonald's President and Chief Executive Officer Steve Easterbrook said, "Our broad based business strength across the globe is a testament to the Velocity Growth Plan. Today's dividend increase reflects our confidence in the plan and our continued focus on driving long-term value for all stakeholders." McDonald's Corporation (McDonald's) operates and franchises McDonald's restaurants with locations in over 100 countries. Over 90% of McDonald's restaurants worldwide are owned and operated by independent local business men and women. The Company's res...
Texas Instruments hikes dividend by 16.9%
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Texas Instruments Incorporated (TXN) will raise its quarterly dividend by 16.9 percent to $0.90 per share in 2019. This follows a 24.2 percent dividend hike by the semiconductor company in 2018 and marks the 9th consecutive year of double digit dividend hikes. The next dividend will be payable November 18, 2019, to stockholders of record on October 31, 2019. A new annual dividend rate of $3.60 per share yields 2.8% at a stock price of $127. In its press release TXN states: "This dividend increase is an integral piece of TI's capital management strategy and reflects the company's continued strength in free cash flow generation and its commitment to return excess cash to stockholders. In the 12-month period ending June 2019, TI has paid 47% of its free cash flow in dividends. TI has a proven track record of returning cash to its shareholders. Today's announcement marks 16 consecutive years of dividend increases. In addition, as of second quarter 2019, the company h...
Idacorp hikes dividend by 6.3%
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IDACORP, Inc. (IDA) will raise its quarterly dividend by 6.3 percent to $0.67 per share in 2019. This follows a 6.8 percent dividend hike last year and marks the company's 8th consecutive year of dividend increases. The new annual dividend rate of $2.68 yields 2.4% at a stock price of $111. The company did not yet announce a record and payment date for the next quarterly dividend. "IDACORP's Board of Directors has approved an annual dividend increase every year since 2012, resulting in a cumulative average growth rate of over 9%," said Darrel Anderson, IDACORP President and Chief Executive Officer. "These changes represent an overall increase of 123% in IDACORP's quarterly dividend over that period. Our customer and earnings growth have allowed us to increase the dividend to shareholders, while Idaho Power customers continue to benefit from some of the lowest energy prices in the nation. "At this time, management expects to recommend to the Board o...
Verizon hikes dividend by 2.1%
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Verizon Communications (VZ) will raise its quarterly dividend by 2.1 percent to $0.615 per share in 2019. This marks the company's 13th consecutive year of dividend increases. The quarterly dividend is payable on November 1, 2019, to Verizon shareowners of record at the close of business on October 10, 2019. A new annual rate of $2.46 per share yields 4.1% at a stock price of $60. Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services. The company offers offers voice, data and video communications products and services and local and long distance voice services. Verizon's brands include TechCrunch, HuffPost, Yahoo Sports, AOL.com, MAKERS, Tumblr, Yahoo Finance and Yahoo Mail.
Brady Corporation hikes dividend by 2.4%
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Brady Corporation (BRC) will raise its quarterly dividend by another 2.4 percent to $0.2175 per share in 2019. This follows a similar dividend hike last year and marks the company's 34th consecutive year of annual dividend increases. The next dividend will be paid on October 31, 2019, to shareholders of record at the close of business on October 10, 2019. A new annualized rate of 87 cents per share yields 1.6% at a stock price of $53.66. Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. Its IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products. The company's brands include Electromark, Identicard, PromoVision, Scafftag, Seton and Emedco. Founded in 1914, Brady has a diverse customer base in electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace an...
Royal Caribbean hikes dividend by 11.4%
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Royal Caribbean Cruises (RCL) will raise its quarterly dividend by 11.4 percent to $0.78 per share in 2019. This makes 2019 the 8th consecutive year of annual dividend increases by the cruise vacation company. The next dividend is payable on October 11, 2019, to shareholders of record at the close of business on September 20, 2019. A new annual rate of $3.12 per share yields 2.8% at a stock price of $113. Royal Caribbean Cruises Ltd. is a global cruise vacation company that owns and operates three global brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises. Also, the company is a 50% joint venture owner of the German brand TUI Cruises, a 49% shareholder in the Spanish brand Pullmantur Cruceros. RCL operates diverse itineraries around the world that call on all seven continents.
Ingredion hikes dividend by 0.8%
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Ingredion (INGR) will raise its quarterly dividend by 0.8 percent to $0.63 per share in 2019. This marks the 9th consecutive year of annual dividend increases by the ingredient solutions provider. The next dividend is payable on October 25, 2019, to stockholders of record at the close of business on October 1, 2019. A new annualized rate of $2.52 per share yields 3.0% at a stock price of $82.83. Ingredion Incorporated is a global ingredient solutions provider. The company is principally engaged in the production and sale of starches and sweeteners for a wide range of industries. Ingredion turns corn, tapioca, potatoes, grains, fruits, and vegetables into value-added ingredients and biomaterials for the food, beverage, paper and corrugating, brewing and other industries. The company's four reportable business segments are: North America, South America, Asia Pacific and Europe, Middle East, and Africa. Ingredion was incorporated as a Delaware corporation in 1997 and has paid a di...
Microsoft hikes dividend by 10.9%
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Microsoft Corporation (MSFT) will raise its quarterly dividend by 10.9 percent to $0.51 per share in 2019. This marks the 17th consecutive year of annual dividend increases. The new dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. The ex-dividend date will be Nov. 20, 2019. A new annualized dividend rate of $2.04 per share yields 1.5% at at stock price of $138.52. Microsoft also approved a new share repurchase program authorizing up to $40 billion in share repurchases. The new share repurchase program, which has no expiration date, may be terminated at any time. Microsoft Corporation is a technology company. The company develops, licenses, and supports software products, services and devices. The company's products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; and video games. Microsoft also manufactures devic...
Realty Income hikes dividend by 0.2%
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Realty Income (O) will raise its monthly dividend by another 0.2 percent to $0.2270 per share in the third quarter of 2019. Earlier this year the real estate investment trust already raised its monthly dividend three times. Including this latest dividend hike the dividend is up 2.7 percent in 2019. The next dividend is payable on October 15, 2019 to shareholders of record as of October 1, 2019. This is the 103rd dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for October's dividend is September 30, 2019. The new monthly dividend represents an annualized dividend amount of $2.724 per share as compared to the current annualized dividend amount of $2.718 per share and yields 3.6% at a stock price of $74.86. "We remain committed to our company's mission of paying dependable monthly dividends to our shareholders that increase over time," said Sumit Roy, President and Chief Executive Officer of Realty Income. "Our Boa...
JPMorgan hikes dividend by 12.5%
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JPMorgan Chase & Co (JPM) will raise its quarterly dividend by 12.5 percent to $0.90 per share in 2019, marking the 9th consecutive year of dividend increases by the financial company. The next dividend will be paid on October 31, 2019 to shareholders of record on October 4, 2019. Based on the current stock price of $119 the new annual dividend rate of $3.60 per share yields 3.0%. JPMorgan Chase & Co. is engaged in investment banking and financial services. The Company provides services such as treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance.
U.S. Bancorp hikes dividend by 13.5%
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U.S. Bancorp (USB) will raise its quarterly dividend by 13.5 percent to $0.42 per share in 2019. This follows a 23.3 percent dividend increase by USB last year. The next dividend is payable October 15, 2019, to stockholders of record at the close of business on September 30, 2019. At this quarterly dividend rate, the annual dividend will be equivalent to $1.68 per common share, yielding 3% at a stock price of $55.95. U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
KLA Corp hikes dividend by 13.3%
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KLA Corporation (KLAC), formerly KLA-Tencor, will raise its quarterly dividend by 13.3 percent to $0.85 per share in 2019. This follows last year's dividend hike from 59 cents to 75 cents per share quarterly. A new annualized dividend rate of $3.40 per share yields 2.3% at a stock price of $151. KLA Corp has now increased its dividend for ten consecutive years. The next dividend is payable on Dec. 3, 2019 to KLA shareholders of record as of the close of business on Nov. 18, 2019. "We are excited to host KLA Corporation's investor day to provide the investment community with a deeper understanding of our company and the opportunities that lie before us as we execute our strategic objectives," said Rick Wallace, president and CEO. "With the recent acquisition of Orbotech, we have have extended our reach in the global electronics value chain, and we continue to execute our profitable growth strategy, with the KLA operating model as the framework to drive perfor...
Philip Morris International hikes dividend by 2.6%
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Philip Morris International (PM) will raise its quarterly dividend by 2.6 percent to $1.17 per share in 2019. This follows a 6.5 percent dividend hike by the sigarette maker last year. The next quarterly dividend is payable on October 11, 2019, to shareholders of record as of September 25, 2019. The ex-dividend date is September 24, 2019. A new annual rate of $4.68 per share yields 6.4% at a stock price of $73.05. Philip Morris International is engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the United States of America. The company's brands include Marlboro, L&M, Lark, Merit, Muratti, Philip Morris, Bond Street, Chesterfield, Next and Red & White. PMI also owns various other local cigarette brands and has a strong presence in emerging markets. The company's smoke-free product brand portfolio includes heated tobacco and nicotine-contain...
VICI Properties hikes dividend by 3.5%
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VICI Properties (VICI) will raise its quarterly dividend by 3.5 percent of $0.2975 per share in 2019. Last year the specialized real estate investment trust (REIT) initiated a pro-rated quarterly dividend of 16 cents per share and this marks the second dividend hike since. The next dividend will be payable on October 10, 2019 to stockholders of record as of the close of business on September 27, 2019. A new annualized dividend rate of $1.19 yields 5.5% at a stock price of $21.76. David Kieske, EVP, Chief Financial Officer of the Company, commented, “We are pleased to announce our second annual dividend increase since our IPO in 2018, demonstrating our commitment to delivering consistent year-over-year dividend growth. Increasing the dividend is driven by the income earned from the acquisitions we have closed since our last increase and by our continued commitment to a balanced capital allocation approach. The dividend increase is well supported by our strong balance sheet and cash ...