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IBM plans to lift its dividend.
Migel Medina/AFP by way of Getty Photos
Apple, Worldwide Enterprise Machines, and
Uncover Monetary Providers had been among the many massive 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 yr via April 28, dividends included, in contrast with practically minus 10% for the
S&P 500.
Worldwide Enterprise Machines (
IBM) stated it’s 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 least 25 straight years.
The inventory, which has returned about 3% this yr, yields 4.9%.
Uncover Monetary Providers (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% yr so far.
Insurance coverage firm
MetLife (MET) stated it’s 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 yr, 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’s 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 yr.
Sysco (SYY) stated it’s 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% yr so far, 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 parts. The inventory, which yields 1.9%, has returned round minus 13% this yr.
W.W. Grainger (GWW) stated it’s going to increase 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 yr.
The corporate has elevated its dividend for 51 straight years.
American Water Works (
AWK) stated it’s 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 yr.
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 buying facilities.
The inventory, which yields 3.1%, has returned about 8% this yr.
Continental Assets (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, improvement and manufacturing of oil, pure fuel and different merchandise.
The inventory, which has returned about 30% this yr, 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 embody supplies for labels.
The inventory, which yields 1.5%, has returned about minus 15% yr so far.
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 yr, 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 yr.
Ameriprise Monetary (AMP) is elevating its quarterly disbursement by 11%, or 12 cents a share, to $1.25. The corporate affords varied monetary advisory providers. The inventory, which yields 1.8%, has returned about minus 9% this yr.
Write to Lawrence C. Strauss at lawrence.strauss@barrons.com
