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