Latest News

8 Companies That Raised Their Stock Dividends This Week

0
Text size

Colgate-Palmolive raised its stock dividend this week.

Rene Van Den Berg/Dreamstime.com


Colgate-Palmolive
,


Dick’s Sporting Goods
,
and


Applied Materials

were among the large U.S. companies that that announced dividend increases this week.

Consumer products company Colgate-Palmolive (ticker: CL) said it plans to boost its annual dividend for the 60th straight year. The company’s board declared a quarterly dividend of 47 cents a share, up from 45 cents, for an increase of 4%. The company also announced a new $5 billion share repurchase program.

The stock yields 2.4%. It has a one-year return that is flattish, dividends included, as of the close on March 10, compared with about 11% for the

S&P 500.

Colgate-Palmolive is a constituent of the S&P 500 Dividend Aristocrats Index, whose members have paid out a higher dividend for at least 25 straight years.

Dick’s Sporting Goods (DKS) said it plans to raise its quarterly disbursement by a nickel to 48.75 cents from 43.75 cents. That’s an increase of 11%. The stock, which has a one-year return of about 63%, yields 1.8%.

Tech company Applied Materials (AMAT) said it will boost its quarterly payout to 26 cents a share, up by 2 cents, or 8%. The company’s board also authorized a new $6 billion share buyback program.

The stock, which yields 0.8%, has a one-year return of about 12%.

Another tech company,


Qualcomm

(QCOM), declared a 10% dividend increase. The company said its quarterly disbursement will rise to 75 cents a share from 68 cents. The stock, which has a one-year return of around 23%, yields 1.7%.


American Express

(AXP) said it plans to put through a dividend increase of about 20%. The company’s board a quarterly dividend of 52 cents a share, up from 43 cents. The stock, which yields 1.2%, has a one-year return of about 17%.


American Tower

(AMT) said it plans to hike its dividend by a penny to $1.40 a share. The stock, which yields 2.2%, has a one-year return of about 16%. Its portfolio includes cellphone towers.


Johnson Controls

(


JCI

) declared a quarterly disbursement of 35 cents a share, compared with 34 cents currently, for an increase of 3%. The stock, which has a one-year return of about 4%, yields 2.3%.


Globe Life

(


GL

) said it will boost its quarterly disbursement by a penny to 20.75 cents a share for an increase of 5%. The stock, which yields 0.9%, has a one-year return of about minus 4%.

Write to Lawrence C. Strauss at lawrence.strauss@barrons.com

France, UK and Germany say Iran deal could collapse on Russian demands

Previous article

Ford to address dealer concerns about separating its EV and legacy businesses

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News