Home Business 3M, Yum! Brands, and Other Companies That Raised Their Dividends This Week

3M, Yum! Brands, and Other Companies That Raised Their Dividends This Week

3M, Yum! Brands, and Other Companies That Raised Their Dividends This Week

Text size

Yum! Brands, which operates KFC, raised its stock dividend this week.


Dan Mullan/Getty Images

A slew of companies declared dividend increases this week, including

3M,

Yum! Brands,

Gilead Sciences,


Corning,

and

Capital One Financial.

3M (ticker: MMM) plans to boost its quarterly dividend by a penny to $1.48 a share. The stock, which yields 3.3%, has a one-year return of 14%, dividends included. It marks the 63rd straight year in which the company has increased its dividend.

3M is a member of the

S&P 500

Dividend Aristocrats, which have raised paid out a higher dividend every year for at least 25 years.

Elsewhere, Gilead Sciences (GILD) declared a quarterly dividend of 71 cents a share, versus 68 cents, for a 4% hike. The biopharmaceutical company’s stock, which yields about 4%, has a one-year return of about 8%.

Fast-food company Yum! Brands (YUM) said it will raise its quarterly disbursement by 3 cents a share to 50 cents for a 6% boost. The stock, which yields 1.9%, has had a flattish return over the past year.

Capital One Financial (COF) declared a quarterly dividend of 40 cents a share, up sharply from 10 cents a share. That will return the dividend to the same level it was before the company cut the payout to 10 cents last summer.

The financial services company’s stock yields 1.4%, and it has a one-year return of about 10%.


Intercontinental Exchange

(ICE), which operates global exchanges and clearing houses, announced that it will raise its quarterly dividend by 3 cents a share to 33 cents for a 10% increase. The stock, which yields 1.2%, has a one-year return of about 23%.


CME Group

(CME), which makes markets for derivatives, said it plans to pay a quarterly dividend of 90 cents a share, up 6% from 85 cents currently. The company paid a special dividend of $2.50 a share last month. The stock, which has a one-year return of minus 8%, yields 1.9%.

Corning (GLW), whose products include glass for notebook computers, said it will raise its quarterly dividend by 2 cents a share to 24 cents. That is a 9% boost.

The stock yields 2.6%, and its 12-month return is about 37%.


Quest Diagnostics

(DGX) declared a quarterly disbursement of 62 cents a share, compared with 56 cents currently. That is an 11% increase. The stock, which has a one-year return of about 11%, yields 2%.

Insurer Kemper (KMPR) plans to raise its quarterly dividend by a penny to 31 cents for a 3% boost. The stock, which yields 1.7%, has a one-year return of about minus 9%.

Write to Lawrence C. Strauss at [email protected]

This article is auto-generated by Algorithm Source: www.barrons.com

Related Posts

0

Ad Blocker Detected!

Refresh