 | MARKET CONDITIONS Over the past week, the following companies- each of which has grown their dividends each year for at least the last five years- made important announcements regarding their future dividend payments. |
Dividend Increases
- Microsoft (MSFT)- 22% increase- announced an increase to its quarterly dividend by 22% to $.28. The next dividend is payable December 12 to shareholders of record on November 21. The ex-dividend date will be November 19.
- Artesian Resources (ARTNA)- 1.5% increase- has declared a regular quarterly dividend of $.2088, a 1.5% increase in the company’s Class A and Class B Common Stock dividend. This increase raises the annualized dividend rate to $.8352 per share. The quarterly dividend is payable on November 22 to shareholders of record at the close of business on November 8, 2013. This is the 84 consecutive quarterly dividend paid to shareholders.
- McDonald’s (MCD)- 5% increase- declared a quarterly cash dividend of $.81 per share of common stock payable on December 16 to shareholders of record at the close of business on December 2. This represents a 5% increase over the company’s previous quarterly dividend and brings the Q4 dividend payout to more than $800M.
- Texas Instruments (TXN)- 7% increase- announced a quarterly dividend increase of 7% to $.30 from $.28 per share. The higher dividend will be payable November 18 to stockholders of record on October 31, contingent upon formal declaration by the Board of Directors at its regular meeting in October.
- W.P. Carey (WPC) – 2% increase- announced a dividend increase to $.86 per share. The dividend is payable on October 15, to stockholders of record as of September 30.
- Yum! Brands (YUM) – 10% increase- announced a 10% increase in the company’s quarterly dividend. The quarterly cash dividend will increase to $.37 from $.335 per share and will be effective with the dividend payment to be distributed on November 1 to shareholders of record at the close of business on October 11.
- First Long Island (FLIC)- 4% increase- announced the declaration of a Q3 cash dividend in the amount of $.26 per share. This represents a 4% increase over the dividend of $.25 per share declared in the prior quarter. The dividend will be paid on October 11 to shareholders of record on October 3.
- The Kroger Co. (KR)- 10% increase- announced a quarterly dividend increase by 10% to $.165 per share, to be paid on December 1 to shareholders of record as of the close of business on November 15.
- Covidien (COV)- 23% increase- has declared a 23% increase in the quarterly dividend rate, from $.26 per ordinary share to $.32 per ordinary share. The next quarterly dividend is payable on November 5 to shareholders of record on October 10.
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