Verizon – Stryker, Ecolab, Eastman Chemical, and Nucor Plan to Increase Dividends
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In a busy week for dividend bulletins, Stryker, Ecolab, Eastman Chemical and Nucor had been among the many U.S. firms that mentioned they plan to spice up their payouts.
As well as, SL Inexperienced Realty and Cognex and declared particular dividends.
SL Inexperienced Realty
(ticker: SLG), a real-estate funding belief whose portfolio consists of workplace buildings in midtown Manhattan, plans to pay a particular dividend of $1.6967 a share.
The corporate mentioned that the particular resulted from asset gross sales this 12 months.
On prime of that, the corporate is boosting its strange annual payout by almost 3% to $3.64 a share. The strange dividend is paid on a month-to-month foundation. It’s going to go from 29.5 cents a share to 30.33 cents.
The stock, which has returned minus 26% this 12 months, yields 5.5%. Returns embrace dividends and capital appreciation.
Cognex
(CGNX), which makes merchandise that assist automate manufacturing and distribution duties, additionally declared a particular dividend this week, in that case $2 a share. The stock yields 0.3%, having returned about 36% this 12 months. Its most up-to-date quarterly dividend was 6 cents a share, up from 5.5 cents beforehand.
Final month
Costco Wholesale
(COST) declared a particular dividend of $10 a share, the fourth time the low cost retailer has made such a payout since 2012. The stock yields 0.8% primarily based on its common dividends.
Stryker
(SYK), which makes numerous medical merchandise similar to trauma implant programs, is boosting its quarterly disbursement to 63 cents a share, up almost 9% from 57.5 cents. The stock, which has returned about 15% this 12 months, yields 1.1%.
Specialty chemical firm
Ecolab
(ECL) declared a quarterly dividend of 48 cents a share, a rise of a penny or 2%. The stock, which yields 0.8%, has returned about 17% in 2020.
Eastman Chemical
(EMN) is boosting its quarterly payout by Three cents a share to 69 cents for a 4.5% enhance from 66 cents. The stock yields 2.6%, and it year-to-date return is about 33%.
Nucor
(NUE), which makes metal, declared a quarterly dividend of 40.5 cents a share. That’s up barely from 40.25 cents a share at present.
The stock, which yields 2.9%, has returned about 3% this 12 months.
WEC Power Group
(WEC), a utility holding firm, is planning to up its quarterly disbursement to 67.75 cents a share, up 7% from 63.25 cents.
The stock, whose return this 12 months is about 4%, yields 2.7%.
In the meantime,
Microsoft
((MSFT)),
Verizon Communications
(VZ),
Deere
(DE), and
Mondelez Worldwide
(MDLZ) had been among the many firms that mentioned they may hold their quarterly payouts at present ranges.
Microsoft’s quarterly dividend is at 56 cents a share, Verizon’s at 62.75 cents, Deere’s at 76 cents, and Mondelez’s at 31.5 cents a share.
Write to Lawrence C. Strauss at lawrence.strauss@barrons.com
