Category: Blog
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Community Trust Bancorp raises dividend by 4.5%, its 43rd straight year of dividend growth
On July 25, 2023, the Board of Directors of Community Trust Bancorp, Inc. (NASDAQ: CTBI) increased its quarterly cash dividend to $0.46 per share beginning with the October 1, 2023 payment to shareholders of record on September 15, 2023. This represents an increase of 4.5% in the quarterly cash dividend. “We are pleased to have…
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J&J (JNJ) offers investors 7% discount on shares of spin-off Kenvue (KVUE)
Johnson & Johnson (JNJ) is offering its shareholders a chance to swap some of their shares for KVUE (KVUE), the consumer health business it spun off in May 2023. KVUE is a stable and predictable company with well-known brands and a higher dividend yield than J&J. The exchange is tax-free and gives investors a 7%…
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Chevron waves retirement age policy for CEO Wirth
Chevron’s CVX 2.23%increase; green up pointing triangle board of directors is waiving the company’s fixed retirement age for Chief Executive Mike Wirth, allowing him to remain CEO for a longer period as it weighs its C-suite strategy. The Wall Street Journal had reported in February that Chevron’s board was considering the move. Some directors have said the company doesn’t have…
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Community Bank System announces 2.3% increase in dividend
Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced that it has declared a quarterly cash dividend of $0.45 per share on its common stock. The dividend will be payable on October 10, 2023 to shareholders of record as of September 15, 2023. The $0.45 cash dividend represents a $0.01, or 2.27%, increase and an…
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NNN REIT (NNN) hikes dividend by 2.7%, its 34th annual increase
The Board of Directors of NNN REIT, Inc. (NYSE: NNN), a real estateinvestment trust, today announced a quarterly dividend of 56.5 cents per share payable August 15, 2023 to shareholders of record as of July 31, 2023. The 2.7% increase in the quarterly dividend marks NNN’s 34th consecutive annual dividend increase. NNN is one of…
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J.M. Smucker (SJM) increases dividend by 3.9% its 22nd straight year
The J.M. Smucker Co. (NYSE: SJM) today announced its Board of Directors approved an increase in the quarterly dividend from $1.02 to $1.06 per common share, an increase of four percent. The next dividend will be paid on Friday, September 1, 2023, to shareholders of record at the close of business on Friday, August 18, 2023. The Company remains committed to returning…