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Apple
,
Worldwide Enterprise Machines, and
Uncover Monetary Companies
had been among the many giant U.S. corporations that introduced dividend will increase this week. It was a busy stretch for these bulletins as first-quarter earnings season continues.
Tech large Apple (ticker:AAPL) declared a quarterly dividend of 23 cents a share, up by a penny, or 4.5%. The inventory, which yields 0.5%, has returned about minus 8% this 12 months by April 28, dividends included, in contrast with practically minus 10% for the
S&P 500.
Worldwide Enterprise Machines
(
IBM
) stated it is going to elevate its quarterly disbursement to $1.65 cents a share from $1.64. The corporate is a member of the S&P 500 Dividend Aristocrats Index, whose constituents have paid out the next dividend for at the very least 25 straight years.
The inventory, which has returned about 3% this 12 months, yields 4.9%.
Uncover Monetary Companies (DFS) declared a quarterly dividend of 60 cents a share, up 20% from 50 cents. The inventory, which yields 2.1%, has returned about 1% 12 months to this point.
Insurance coverage firm
MetLife
(MET) stated it is going to hike its quarterly payout to 50 cents a share from 48 cents, a rise of about 4%. The inventory, which has returned about 9% this 12 months, yields 3%.
Raytheon Applied sciences
(RTX) declared a quarterly disbursement of 55 cents a share, up 4 cents, or about 8%, from 51 cents. The aerospace and protection firm’s inventory, which has returned round 15% in 2022, yields 2.2%.
Cash supervisor
Invesco
(
IVZ
) stated it is going to up its quarterly payout to 18.75 cents a share from 17 cents. That’s a rise of about 10%. The inventory, which yields 3.9%, has returned about minus 16% this 12 months.
Sysco
(SYY) stated it is going to elevate its quarterly dividend to 49 cents a share, up 2 cents or about 4%. The meals service’s firm inventory, which has returned about 14% 12 months to this point, yields 2.2%.
In one of many largest will increase introduced this week,
Parker-Hannifin
(PH) plans to lift its quarterly dividend to $1.33 a share from $1.03. That’s a 29% enhance. The corporate makes industrial elements. The inventory, which yields 1.9%, has returned round minus 13% this 12 months.
W.W. Grainger
(GWW) stated it is going to enhance its quarterly payout to $1.72 cents a share from $1.62 cents. That’s a rise of 6%. The corporate is a distributor of upkeep, restore and different services. The inventory yields 1.3%, and its return is flattish this 12 months.
The corporate has elevated its dividend for 51 straight years.
American Water Works
(
AWK
) stated it is going to elevate its quarterly dividend to 65.5 cents a share, up about 9% from 60.25 cents. The water and waste water utility firm’s inventory, which yields 1.6%, has returned about minus 15% this 12 months.
Kimco Realty
(KIM) stated it plans to lift its quarterly dividend to twenty cents a share from 19 cents for a rise of 5%. The corporate operates as a real-estate funding belief. It owns and operates open-air, grocery-anchored purchasing facilities.
The inventory, which yields 3.1%, has returned about 8% this 12 months.
Continental Sources
(CLR), an vitality firm, declared a quarterly dividend of 28 cents a share, a rise of about 22% from 23 cents. Continental is concerned with the exploration, growth and manufacturing of oil, pure gasoline and different merchandise.
The inventory, which has returned about 30% this 12 months, yields 1.5%.
Avery Dennison
(AVY) is planning to lift its quarterly disbursement to 75 cents a share from 68 cents for a rise of about 10%. The corporate’s merchandise embrace supplies for labels.
The inventory, which yields 1.5%, has returned about minus 15% 12 months to this point.
Paychex
(PAYX) introduced a 20% enhance to its quarterly dividend to 79 cents a share from 66 cents. The inventory has returned about minus 2% this 12 months, and it yields 2%.
Marathon Oil
(MRO) stated it plans to spice up its base quarterly dividend by about 15% to eight cents a share from its final base dividend of seven cents. The exploration-and-production firm’s inventory, which yields 0.9%, has returned about 55% this 12 months.
Ameriprise Monetary
(AMP) is elevating its quarterly disbursement by 11%, or 12 cents a share, to $1.25. The corporate affords numerous monetary advisory providers. The inventory, which yields 1.8%, has returned about minus 9% this 12 months.
Write to Lawrence C. Strauss at lawrence.strauss@barrons.com
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