Old Dominion Freight Line raised its dividend this week.
Business Wire
Gilead Sciences,
Intercontinental Exchange,
and
Old Dominion Freight Line
were among the large U.S. companies that announced dividend increases this week.
Gilead Sciences (ticker: GILD), a biopharmaceutical company, declared a quarterly distribution of 75 cents a share, up 2 cents, or nearly 3%.
The stock, which yields 3.5%, has a one-year return of 29% through Feb. 2, including dividends, compared with minus 7% for the
S&P 500.
Old Dominion Freight Line (ODFL), which handles freight shipping logistics, said it will raise its quarterly dividend by 33% to 40 cents from 30 cents. The stock, which yields 0.4%, has a one-year return of 15%.
Intercontinental Exchange (ICE) said it plans to boost its quarterly disbursement to 42 cents a share from 38 cents, an increase of 10.5%. The stock, which has a one-year return of minus 15%, yields 1.6%.
CME Group
(CME) declared a quarterly dividend of $1.10 a share, up 10% from $1. The stock has a one-year return of minus 23%, and it yields 2.5%.
Quest Diagnostics
(DGX) said it will raise its quarterly payout to 71cents a share from 66 cents. That’s an increase of 7.6%. The stock, which has a one-year return of 9%, yields 2%.
Valero Energy
(VLO) said it will hike its quarterly dividend to $1.02 a share, up from 98 cents. That’s an increase of 4%. The stock yields 3%, and it has a one-year return of 57%.
Two residential real-estate investment trusts—
Camden Property Trust
(CPT) and
Invitation Homes
(INVH) also announced increases to their dividends.
Camden, which owns and operates apartments, said it will raise its quarterly disbursement to $1 a share from 94 cents, an increase of a little more than 6%. The stock, which yields 3.3%, has a one-year return of minus 20%.
Invitation Homes, which has a portfolio of single-family rentals, said it will boost its quarterly dividend by 4 cents, or 18%, to 26 cents a share. The stock yields 2.6%, and it has a one-year return of minus 18%.
Cigna
(CI) said it will raise its quarterly dividend to $1.23 a share from $1.11, up 10%. The health insurer’s stock, which has a one-year return of 33%, yields 1.5%.
Juniper Networks
(JNPR) declared a quarterly dividend of 22 cents a share. That’s an increase of nearly 5% from 21 cents. The stock, which yields 2.9%, has a one-year return of minus 7%.
Write to Lawrence C. Strauss at lawrence.strauss@barrons.com
Credit: marketwatch.com