Category: Blog
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1st Source Corporation (SRCE) raises dividend by 6.25%
At its October 2023 meeting, the Board of Directors approved a cash dividend of $0.34 per common share, up 6.25% from the cash dividend declared a year ago. The cash dividend is payable to shareholders of record on November 6, 2023, and will be paid on November 15, 2023. Christopher J. Murphy III, Chairman and…
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Pinnacle West Capital (PNW) raises dividen 1.7%
Pinnacle West Capital Corporation’s (NYSE: PNW) board of directors voted today to raise the Company’s dividend by about 1.7%, or 6 cents per common share annually. This action will result in an indicated annual dividend of $3.52 per share – or $0.88 per share quarterly. The declared quarterly dividend is payable Dec. 1, 2023, to…
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MSC Industrial (MSM) increases dividend by 5%
MSC Industrial Supply Co. (NYSE: MSM), a premier distributor of Metalworking and Maintenance, Repair and Operations (MRO) products and services to industrial customers throughout North America, today announced that its Board of Directors has declared a cash dividend of $0.83 per share, representing a 5% increase from the previous regular quarterly dividend of $0.79 per…
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Exxon (XOM) strikes deal to buy Pioneer Natural Resources (PXD)
This transaction will merge two of my holdings and remove PXD from my High Yield Portfolio. I’ll have to find a replacement that pays almost an almost 7% dividend yield. The deal, at $253 a share, values Pioneer at an almost 7% premium to its closing value of about $55.4 billion Tuesday. It cements Exxon’s…
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September 2023 Recap
My annual income increased $25 as a result of dividend increases from Microsoft (+10%), NJR (+7.7%), and 5 other holdings. Meanwhile, there were changes to the Dividend Safety Scores of W. P. Carey, Smucker, and Walgreens. W.P. Carey Surprises With Plan to Exit All Office Properties; Dividend Could Be Reduced by Around 20%. Downgraded to…
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Lockheed Martin (LMT) increases dividend by 5%, its 21st consecutive annual increase
The Lockheed Martin Corporation (NYSE: LMT) board of directors has authorized a fourth quarter 2023 dividend of $3.15 per share. The dividend is payable on Dec. 29, 2023, to holders of record as of the close of business on Dec. 1, 2023. This marks the 21st consecutive year of dividend increases for the company. The company’s board has also authorized the purchase…