MGM Stock – FedEx and Three More Companies That Raised Their Dividends This Week
MGM Growth Properties,
were among the U.S. companies that declared dividend increases this week.
FedEx, the global shipper based in Memphis, plans to boost its quarterly payout to 75 cents a share, up 10 cents, or 15%, from 65 cents. As of Thursday’s close, the stock had returned about 11% this year, dividends included. It yields 1%.
H&R Block (HRB) said it will raise its quarterly dividend by a penny to 27 cents a share. That’s a 4% increase.
Based in Kansas City, Mo., the company is known for its tax-preparation services. The stock, which yields 4.6%, has returned about 50% this year.
MGM Growth Properties, a real estate investment trust that owns a portfolio of resorts/casinos in Las Vegas and elsewhere, declared a quarterly disbursement of 51.5 cents a share. That is an increase of 2 cents, or 4%.
The stock, which yields 5.6%, has returned about 19% in 2021.
Property and casualty insurer W.R. Berkley (WRB) said it will raise its dividend to annual rate of 52 cents a share, up 8%. On a quarterly basis, that will be 13 cents a share, versus 12 cents previously.
The stock, which has returned about 13% this year, yields 0.7%.
In other news,
T. Rowe price
(TROW) declared a special dividend of $3 a share. The special is payable on July 7 to shareholders of record at the close of business on June 25.
The company is a member of the S&P 500 Dividend Aristocrats Index, whose members have paid out a higher dividend for at least 25 straight years.
The Baltimore-based money manager is on track to have paid out a higher regular annual dividend for 35 consecutive years.
The stock, which yields 2.3%, has returned nearly 30% this year.
Write to Lawrence C. Strauss at [email protected]