Chasing the Yield
Investing for income through dividends and distributions
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Clorox increases dividend by 1.7%, its 21st annual increase
Clorox has been paying an annual dividend for over 50 consecutive years. The Clorox Company (NYSE: CLX) announced today that its board of directors has declared an increase in the quarterly dividend, from $1.18 to $1.20 per share on the company’s common stock. The dividend is payable Aug. 25, 2023, to shareholders of record as…
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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…