Comcast, Chevron, and 7 Additional Firms That Just Boosted Their Stock Dividends

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Chevron,

Comcast, and

Kimberly-Clark ended up among the the quite a few U.S. businesses that declared dividend raises this week.

Electricity giant Chevron (ticker: CVX) stated it programs to increase its quarterly disbursement by 8 cents a share to $1.42, up 6%.

The inventory, which yields 4.4%, has a a person-calendar year return of about 62% as of the close on Jan. 27, dividends involved, compared with 17% for the

S&P 500.

Quite a few other vitality firms declared dividend boosts as well.

Oil services firm

Halliburton (HAL) reported it ideas to elevate its quarterly dividend to 12 cents a share, a lot more than double the 4.5 cents it has been paying out. The stock, which yields 1.5%, has a just one-year return of about 80%.

A further power organization,

Phillips 66 (PSX), explained this week that it programs to increase its quarterly dividend by 2 cents, or about 2%, to 92 cents a share.

The inventory, which has a a single-year return of about 26%, yields 4.3%. The company’s midstream orientation consists of refining operations.

Elsewhere, Comcast (CMCSA) declared a quarterly dividend of 27 cents a share, up 2 cents, or 8%, from 25 cents. That equates to $1.08 a share on an annualized basis. The leisure and communications company’s stock, whose just one-calendar year return is about 1%, yields 2.2%.

Kimberly-Clark (KMB), a consumer items firm whose models consist of Kleenex and Scott paper towels, options to up its quarterly dividend to $1.16 a share. Which is an enhance of 2 cents, or nearly 2%.

The inventory, which yields 3.4%, has a a single-yr return of about 3%. This marks the 50^th consecutive annual dividend boost for the company, it mentioned in a launch.

Wells Fargo (WFC), a person of the greatest banking companies in the U.S., declared a quarterly dividend of 25 cents a share, an improve of 25% from 20 cents. The stock has a just one-12 months return of about 80%, and it yields 1.9%.

In the summer time of 2020 amid the pandemic, Wells Fargo slashed its quarterly payout to 10 cents a share from 51 cents. It raised the quarterly dividend to 20 cents a share very last July.

Fiscal products and services organization

Charles Schwab (SCHW) claimed it designs to elevate its quarterly dividend by 2 cents to 20 cents a share for an 11% enhance. The inventory, which yields .9%, has a one particular-year return of about 70%.

Church & Dwight (CHD) declared a quarterly disbursement of 26.25 cents a share, up by a penny or 4%. The company will make numerous purchaser house and private care merchandise these types of as Arm & Hammer baking soda. The inventory, which yields 1%, has a a person-year return of about 14%.

Church & Dwight was not too long ago included to the S&P 500 Dividend Aristocrats Index, whose associates have paid out out a larger dividend for at minimum 25 straight many years. This marks the 26^th straight year in which the enterprise has lifted the dividend.

Tractor Provide (TSCO) said it programs to hike its quarterly dividend to 92 cents a share, an increase of practically 80% from 52 cents. It marks the major dividend enhance in the company’s history.

Tractor Offer operates more than 2,000 outlets and caters to prospects in rural spots, which include recreational farmers and ranchers. The inventory, which has a a single-yr return of about 38%, yields 1.7%.

Compose to Lawrence C. Strauss at [email protected]