Resmed hikes dividend by 7.7%

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Resmed (RMD) will raise its quarterly dividend by 7.7 percent to 42 cents per share in 2021. Last year RMD did not announce a dividend hike with a 5.4 percent increase to $0.39 per share in 2019 being the previous increase. The medical devices maker has now raised its quarterly dividend 9 consecutive years.

The next dividend will be payable on September 23, 2021 to shareholders of record on August 19, 2021. The new annual dividend of $1.68 per share yields 0.6% at a stock price of $274.69.

ResMed Inc. is a holding company. The company is engaged in the development, manufacturing, distribution and marketing of medical devices and cloud-based software applications that diagnose, treat and manage respiratory disorders, including sleep apnea, chronic obstructive pulmonary disease (COPD) and other chronic diseases.

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City Holding Co hikes dividend by 10%

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On September 27, 2023, City Holding Company (CHCO) announced that it will raise its quarterly dividend by 10 percent to $0.715 per share. This marks the 12th consecutive year of annual dividend increases by the financial company. The next dividend will be paid on October 31, 2023 with an ex-dividend date of October 12, 2023. The dividend yield for CHCO is 3.2% at a stock price of $90.35. “City’s board reaffirmed the Company’s commitment of returning value to its shareholders today by voting to approve an increase in the quarterly cash dividend of 6.5 cents to 71.5 cents,” stated Charles (Skip) Hageboeck, President and CEO. “The Company's current strong capital and liquidity position, our financial performance during 2023, and our confidence in the Company's ability to sustain this performance led to the decision to increase the dividend to $2.86 on an annualized basis.” City Holding Company is the parent company of City National Bank of West Virginia. City National operates bra...
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