UPS, PepsiCo, and These Other Companies Raised Their Dividends This Week
- Order Reprints
- Print Article
UPS stock yields 2.5%.
Andrej Ivanov /AFP via Getty ImagesUnited Parcel Service, Wyndham Hotels & Resorts, PepsiCo, Cisco Systems, and CSX were among the companies this week that said they planned to raise their dividends.
United Parcel Service (ticker: UPS) said it will raise its quarterly disbursement by a penny to $1.02 a share for an increase of 1%. The stock, which yields 2.5%, has a one-year return of around 60%, dividends included.
Wyndham Hotels & Resorts (WH) said it expects to double its quarterly dividend to 16 cents a share from 8 cents. Last year as the pandemic took hold, the company slashed the dividend from 32 cents a share to 8 cents. The company, which caters to everyday travelers with brands such as Days Inn, franchises hotels globally. The stock, whose one-year return is about 4%, yields 0.5%.
PepsiCo (PEP) announced that it will boost its annualized dividend by 5% starting in June. It plans to increase the payout to $4.30 a share from $4.09. That would equate to $1.075 a share on a quarterly basis. The stock, which yields 3%, has a one-year return of about minus 2%.
Freight railroad company CSX (CSX) declared a quarterly payout of 28 cents a share, an increase of 2 cents, or nearly 8%. The stock yields 1.2%, and it has a one-year return of about 15%.
Western Union (WU) said it will boost its quarterly dividend by a penny, or 4.4%, to 23.5 cents a share. The stock, which yields 3.8%, has returned around minus 13% over the past year.
Asset manager T. Rowe Price Group (TROW) declared a quarterly dividend of $1.08 a share, up from 90 cents, for a 20% hike. The stock, which has returned about 21% over the past 12 months, yields 2.6%.
Cisco Systems (CSCO) is planning to raise its quarterly dividend by a penny, or about 3%, to 37 cents a share. The stock, which yields 3.1%, has a one-year return that is slightly positive.
Interpublic Group of Companies (IPG), which focuses on advertising and marketing, declared a quarterly dividend of 27 cents a share. That’s a 6% increase from 25.5 cents a share currently. The stock, which yields 4.4%, has a one-year return of about 11%.
Kellogg (K), whose brands include Special K cereal, Pop-Tarts, and Pringles, said it plans to increase its second-quarter dividend to 58 cents a share from 57 cents currently. The stock has a one-year return of about minus 11%, and it was yielding 4% recently.
NextEra Energy (NEE) declared a quarterly dividend of 38.5 cents a share, a 10% boost. The stock, which yields 1.7%, has a one-year return of about 11%.
Write to Lawrence C. Strauss at lawrence.strauss@barrons.com