1st Source hikes dividend by 3.3%

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1st Source (SRCE) will hike its quarterly dividend by another 3.3 percent to $0.31 per share in Q3 of 2021. This comes after a dividend hike of 3.4 percent to 30 cents per share in Q2 of 2021. This marks the third hike announced this year for a total increase of 9.7 percent.

The next cash dividend is payable to shareholders of record on August 3, 2021 and will be paid on August 13, 2021. A new annual rate of $1.24 per share yields 2.9% at a stock price of $42.48.

1st Source Corporation is a bank holding company. The company, through its subsidiaries, provides a range of financial products and services. 1st Source Bank also competes for business nationally by offering specialized financing services for new and used private and cargo aircraft, automobiles for leasing and rental agencies, medium and heavy duty trucks, and construction equipment.

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Nike hikes dividend by 2.5%

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On November 20, Nike (NKE) announced a 2.5% dividend increase , lifting its quarterly payout to $0.41 per share . Based on a share price of $63 , the dividend now yields 2.7% . This marks Nike’s 24th consecutive year of dividend growth.
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