It has been an active week for dividend increases.
Alliance of Walgreens boots,
Marsh & McLennan
all reported higher payouts. And many other American companies were in the mix as well, including
Bank of New York Mellon.
Walgreens Boost Alliance (symbol: WBA) declared a quarterly dividend of 47.75 cents per share, up one cent from 46.75 cents for a 2% increase. The stock, which returns 4.1%, has returned around 18% this year through Thursday, including dividends, compared to 17% for the
), whose products include truck engines, declared a quarterly payment of $ 1.45 per share. That’s a 7% increase from $ 1.35 per share. The stock, which has returned 7% this year, returns 2.4%.
Marsh & McLennan (MMC), whose portfolio includes insurance brokerage, plans to increase its quarterly dividend to 53.5 cents per share, up 15% from 46.5 cents. The stock, which earns 1.5%, returned around 22% in 2021.
It was one of many financial services companies to make dividend announcements this week. Elsewhere, Goldman Sachs Group (GS) declared a quarterly dividend of $ 2 per share, up from $ 1.25 currently, for a 60% increase. The stock, which earns 2.2%, has returned around 43% this year.
Morgan Stanley (MS) said it would double its quarterly dividend to 70 cents a share from 35 cents. The stock is earning 3% and has brought in around 36% this year.
State Street (STT) said it would increase its quarterly payment by 5 cents per share, or 10%, to 57 cents per share from 52 cents. The stock, which has returned 14% this year, returns 2.8%.
Ally Financial (ALLY) declared a quarterly dividend of 25 cents per share, down from 19 cents, an increase of 32%. The stock, which earns 2%, has returned around 44% since the start of the year.
Bank of New York Mellon (BK) plans to increase its quarterly dividend to 34 cents per share, up 10% from 31 cents. The stock, which has returned around 16% this year, returns 2.8%.
Truist Financial (TFC) has announced plans to propose to increase its dividend by 7% to 48 cents per share on a quarterly basis, from 45 cents currently. The stock returns 3.3% and has returned around 18% in 2021.
Outside of financial services,
(CAG) announced a 14% increase in its annualized dividend rate. This equates to a quarterly dividend of 31.25 cents per share, up from 27.5 cents currently. Shares of the food company have returned about minus 3% this year and are returning 3.6%.
(DUK) plans to increase its dividend to 98.5 cents per share from 96.5 cents. That’s a 2% increase. Shares of the utility company, which return 3.8%, have returned about 16% this year.
(PPG), whose products include specialty materials and coatings, reported a quarterly cash outflow of 59 cents per share. That’s a 9% increase from 54 cents per share.
The stock has returned around 20% this year. It reports 1.4%.
Write to Lawrence C. Strauss at [email protected]