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Apple was one in all quite a lot of firms that boosted their shareholders payouts this previous week.
Michael M. Santiago/Getty Images
Chevron,
and
International Business Machines
have been among the many many massive U.S. firms that declared dividend will increase this previous week.
Technology behemoth Apple (ticker: AAPL) declared a quarterly disbursement of 22 cents a share, up from 20.5 cents, for a 7% enhance. As of April 29, the inventory, which yields 0.7%, had a year-to-date return of 0.75%, dividends included.
Chevron (CVX) plans to boost its quarterly dividend by almost 4% to $1.34 a share from $1.29. The inventory, which has returned about 28% this yr, yields 5.2%.
International Business Machines (IBM) mentioned it’s going to hike its quarterly dividend by a penny, or lower than 1%, to $1.64 a share. The inventory, which yields 4.6%, has returned about 16% this yr.
It marks the 26th straight yr during which the company has paid out a better dividend.
Cereal and meals firm
Kellogg
(Okay) introduced that it’ll increase its quarterly dividend by a penny to 58 cents a share. The inventory, which yields 3.7%, has returned about 2% in 2021.
Raytheon Technologies
(RTX) declared a quarterly disbursement of 51 cents a share, up 7% from 47.5 cents. The aerospace and protection firm’s inventory, which has returned about 17% this yr, yields 2.5%.
Paccar
(PCAR), whose merchandise embody vans, plans to boost its quarterly dividend by 2 cents, or 6%, to 34 cents a share. The inventory has returned about 7% this yr, and it yields 1.5%.
Cabot Oil & Gas
(COG) mentioned it’s going to increase its quarterly dividend by a penny, or 10%, to 11 cents a share.
The inventory, which yields 2.4%, has returned about 5% this yr.
Another power agency,
Marathon Oil
(MRO), declared a quarterly dividend of Four cents a share, up from Three cents. The inventory yields 1%, and it has returned about 75% in 2021.
Write to Lawrence C. Strauss at lawrence.strauss@barrons.com
