Author: Kevin Bae
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Philip Morris (PM) increases dividend by 3.8%, promotes evolving smoke-free portfolio
The Board of Directors of Philip Morris International Inc. (NYSE: PM) has increased the company’s regular quarterly dividend by 3.8% to an annualized rate of $5.40 per share. The new quarterly dividend of $1.35 per share, up from $1.30 per share, is payable on October 10, 2024, to shareholders of record as of September 26, 2024. The ex-dividend date is September 26, 2024. Philip Morris International…
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New Jersey Resources (NJR) increases dividend by 7.1%, its 29th consecutive annual increase
The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously approved a 7.1 percent increase in the quarterly dividend rate to $0.45 per share from $0.42 per share. The new quarterly rate will be effective with the dividend payable October 1, 2024 to shareowners of record on September 23, 2024. The…
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Realty Income Corp (O) announces 127th dividend increase since 1994
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced it has declared an increase in the company’s common stock monthly cash dividend to $0.2635 per share from $0.2630 per share. The dividend is payable on October 15, 2024, to stockholders of record as of October 1, 2024. This is the 127th…
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Verizon (VZ) increases dividend by 1.9%, its 18th consecutive annual increase
The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 67.75 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2024, to Verizon shareholders of record at the close of business on October 10,…
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Oaktree Specialty Lending pressured by mounting non-accrual loans
Oaktree Specialty Lending (OSCL), a business development company (BDC) that provides credit solutions to middle-market companies, has faced rising challenges with an increasing number of troubled investments. Non-accrual loans, where borrowers have stopped making interest payments, now represent 5.7% of the firm’s portfolio, up from 2.7% in the previous quarter, contributing to write-downs totaling $182…
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TC Energy to spin off oil pipeline in October
TC Energy is spinning off its liquids pipelines business, South Bow, on October 1, 2024, to focus on its core strengths in natural gas and power generation. Shareholders will retain their TC Energy shares and receive proportional shares in South Bow, with combined dividends expected to match or exceed pre-spin payouts. Post-spin, TC Energy will…