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HomeMarketNucor, CVS, and 11 More Companies That Raised Their Stock Dividends This...

Nucor, CVS, and 11 More Companies That Raised Their Stock Dividends This Week

Nucor is a member of the S&P 500 Dividend Aristocrats.

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Patrick Fallon/Bloomberg

Eli Lilly,

Amgen,

Nucor,
and
Franklin Resources
were among the many companies that declared dividend increases this week.

Eli Lilly (ticker: LLY) declared a quarterly payout of $1.13 a share, an increase of 15% from 98 cents. The large pharmaceutical company’s stock, which yields 1.3%, has returned 32% this year through Dec. 16, including dividends. That compares with minus 17% for the
S&P 500.

Amgen (AMGN), a biotech company, said it plans to boost its quarterly dividend to $2.13 a share. That’s an increase of nearly 10% from $1.94 a share. The stock, which has returned 23% this year, yields 3.2%.

Asset manager Franklin Resources (BEN) plans to raise its quarterly disbursement by a penny, or about 3%, to 30 cents a share from 29 cents. The stock, which yields 4.7%, has returned minus 20% this year.

The company is a member of the S&P 500 Dividend Aristocrats Index, whose 64 constituents have paid out a higher dividend for at least 25 consecutive years.

Steel manufacturer Nucor (NUE) declared a quarterly dividend of 51 cents a share. That’s an increase of a penny, or 2%, from 50 cents. The stock, which has returned 19% this year, yields 1.5%. Nucor is a member of the S&P 500 Dividend Aristocrats.

CVS Health
(CVS) said it plans to boost its quarterly dividend to 60.5 cents a share, an increase of 10% from 55 cents. The stock, which yields 2.5%, has returned minus 5% year to date.

WEC Energy Group
(WEC) said it plans to raise its quarterly payout to 78 cents a share, a 7% hike from 72.75 cents. The company generates and distributes electricity and natural gas.

The stock, which yields 3.2%, has returned 1% this year.

Quanta Services
(PWR) declared a quarterly dividend of 8 cents a share, up by 14% from 7 cents. The stock, which has returned 25% in 2022, yields 0.2%.

CenterPoint Energy
(CNP), which generates and distributes power, said it will raise its quarterly disbursement by a penny to 19 cents a share. That’s an increase of 5.5%. The stock has returned 10% this year, and it yields 2.4%.

MAA
(MAA) declared a quarterly dividend of $1.40 a share, up 12% from $1.25. The company operates as a real estate investment trust, specializing in apartment communities. REITs are required to pay out at least 90% of their taxable income to shareholders, making them popular with investors seeking income.

The stock yields 3.6%, and it has returned around minus 29% this year.

Another REIT,
Realty Income
(O), said it will pay a monthly dividend of 24.85 cents a share, up from 24.8 cents. The stock, which has returned minus 8% this year, yields 4.7%. The company, which is a dividend aristocrat, has declared 630 straight monthly dividends on its common stock during its 53 years in operation.

FMC
(FMC) said it plans to boost its quarterly disbursement to 58 cents a share. That’s an increase of a little more than 9% from 53 cents. Shares of the agricultural sciences company have returned 15% in 2022, and they yield 1.9%.

Lamb Weston Holdings
(LW) declared a quarterly disbursement of 28 cents a share, an increase of a little more than 14% from 24.5 cents.The company makes and distributes frozen potato products such as french fries.

The stock, which yields 1.3%, has returned 39% this year.

Pentair
(PNR) declared a quarterly dividend of 22 cents a share, up by a penny, or nearly 5%. The stock, which has returned minus 40% this year, yields 2%.

The company’s businesses include commercial and residential water treatment. Pentair is also a member of the S&P 500 Dividend Aristocrats.

Write to Lawrence C. Strauss at lawrence.strauss@barrons.com

Credit: marketwatch.com

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