Best Buy Company Inc. (BBY) , the leading specialty retailer of consumer electronic products, recently boosted its quarterly dividend by 7.1%. The board has approved an increase in annual dividend to 60 cents (or 15 cents quarterly) from 56 cents a share (or 14 cents quarterly).
Canadian National Railway Co. delivered a third quarter result Tuesday that was ahead of expectations on the back of record revenue during the quarter aided by its crude-by-rail model.
The country’s largest railway also said its board of directors had approved a two-for-one stock split of its common shares, and a new share repurchase program aimed at buying back up to 15 million of its outstanding shares, or 4.1%, for cancellation over the next year.
Duke Energy Corporation (DUK) raised the quarterly cash dividend on its common stock by .5 cents to 24.5 cents per share. This action increases the annualized dividend from 96 cents to 98 cents. The dividend is payable on September 16, 2010 to shareholders of record at the close of business on August 13, 2010.
Public Service Enterprise Group Inc. (PEG) increased its quarterly common stock dividend to 34.25 cents per share, a 3% raise over the company's existing quarterly dividend rate of 33.25 cents. This indicates an annual dividend of $1.37 per share.
US Bancorp (USB) announced its quarterly dividend of 19.5 cents per share, an increase of about 56% over its prior dividend in December of 12.5 cents. The new dividend is $0.78 on an annualized basis and the quarterly common stock dividend of $0.195 per common share is payable on April 16, 2012, to shareholders of ...
The Procter and Gamble Company (PG) raised its quarterly dividend by 9% to 52.5 cents a share from 48.18 cents a share earlier. The hike is applicable on the company’s common stock and on the Series A and Series B ESOP convertible Class A Preferred stock. The increased dividend will be paid on or after May 16, 2011 to shareholders on record as on April 29, 2011.
By Dividend Growth Investor:Walgreen Co. (WAG), together with its subsidiaries, engages in the operation of a chain of drugstores in the United States. The company’s drugstores sell prescription and non-prescription drugs, and general merchandise.
TJX Companies Inc. (TJX) raised its quarterly dividend by 27%. The company’s Board approved a hike in the quarterly dividend to 19 cents per share to be paid on June 2, 2011 to stockholders of record on May 12, 2011.