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Showing posts from June, 2021

Jefferies Financial hikes dividend by 25%

Armanino Foods of Distinction hikes dividend by 22.2%

Armanino Foods of Distinction Inc. (AMNF) will hike its quarterly dividend by another 22,2 percent to $0.0275 per share in Q2 of 2021. This follows a dividend hike of 28.6 percent to $0.275 per share earlier in 2021. Last year the food company cut its quarterly dividend by 36.4 percent to $0.0175 per share. Earlier in 2020 the Italian food products company had raised its quarterly dividend by 10.0 percent $0.0275 per share, marking the 15th consecutive year of dividend increases. The next dividend will be payable to shareholders of record on July 8, 2021 and will be disbursed on or about July 28, 2021. A new annual dividend rate of 11 cents yields 3,1% at a stock price of $3.46. Douglas R. Nichols, Chairman of the Board, stated, “Based on our current financial metrics, we remain confident in the resilience of our Company. As a result, we are pleased to announce that we are increasing our dividend by 22%. This is the second consecutive quarter that we have increased the Company’s divide...

Simon Property hikes dividend by 7.7%

Simon Property Group (SPG) will hike its quarterly dividend by 7.7 percent to $1.40 per share in 2021. This follows a dividend cut of 38.1 percent to $1.30 per share. Previously, the commercial REIT last hiked its quarterly dividend by 2.4 percent to $2.10  per share in the third quarter of 2019.  The next dividend of $1.40 per share will be payable on July 23, 2021 to shareholders of record on July 2, 2021. The new annualized dividend rate of $5.60 per share yields 4.3% at a stock price of $130. Simon Property Group, Inc. is a real estate investment trust (REIT). The company owns real estate properties across North America, Europe and Asia, which consist primarily of malls, Premium Outlets and The Mills. Simon Property is the largest shareholder in Klépierre, a French REIT and one of Europe's biggest publicly traded mall operators. Simon Property Group has paid a dividend every year to shareholders since 2000. The dividend was cut in 2009 during the financial crisis and in 20...

Signet Jewelers reinstates dividend

Signet Jewelers (SIG) will reinstate its quarterly dividend in 2021. This company suspended its quarterly dividend because of the COVID-19 pandemic in 2020. The company last raised its quarterly dividend by 19.4 percent to $0.37 per share in the first quarter of 2018. Signet will pay a $0.18 per share quarterly dividend on August 27, 2021 to holders of record on July 30, 2021. The new annual dividend rate of 72 cents will yield 1% at a stock price of $70. Signet will now pay an estimated annual dividend of $38 million to shareholders. Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company operates retail jewelry stores in various real estate formats, including mall-based, free-standing, strip center and outlet store locations. The company operates stores primarily under the name brands of Kay Jewelers, Zales, Jared, H.Samuel, Ernest Jones, Peoples, Piercing Pagoda, and JamesAllen.com. Prior to t...

Universal Health Realty Income Trust hikes dividend by 0.7%

Universal Health Realty Income Trust (UHT) will raise its quarterly dividend by another 0.7 percent to $0.70 per share. This is the first dividend hike announced in 2021 and marks 34 consecutive years of dividend increases by the health care REIT. The next dividend will be paid on June 30, 2021 to shareholders of record as of June 16, 2021. A new annual rate of $2.80 per share yields 4.0% at a stock price of $70. Universal Health Realty Income Trust, a real estate investment trust, invests in healthcare and human service related facilities including acute care hospitals, behavioral healthcare facilities, rehabilitation hospitals, sub-acute care facilities, surgery centers, childcare centers and medical office buildings.

American Financial Group pays special dividend

American Financial Group, Inc. (AFG) will pay a special dividend $14.00 per share in 2021 because of the closing of the sale of its Annuity Businesses. Last year AFG paid a $2.00 per share special dividend and raised its quarterly dividend by 11.1 percent to 50 cents per share. American Financial Group has sold its Annuity businesses, consisting of Great American Life Insurance Company (GALIC) and its two insurance subsidiaries, Annuity Investors Life Insurance Company and Manhattan National Life Insurance Company, as well as a broker-dealer affiliate, Great American Advisors, Inc., and insurance distributor, AAG Insurance Agency, Inc. to Massachusetts Mutual Life Insurance Company (MassMutual). Total after-tax cash proceeds from the sale are approximately $3.5 billion. In connection with the closing of this transaction, the Company has declared a special, one-time cash dividend of $14.00 per share of American Financial Group Common Stock. The dividend is payable on June 15, 2021 to ho...