Chasing the Yield
Investing for income through dividends and distributions
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Sonoco announces its 40th consecutive dividend increase of 4%
The Board of Directors of Sonoco (NYSE: SON) today increased its quarterly common stock dividend by approximately 4 percent to $0.51 per share from the previous quarterly distribution of $0.49 per share. This new dividend will be paid on June 9, 2023, to shareholders of record as of May 10, 2023. With this increase, Sonoco’s annualized dividend payout moves to $2.04 per share from $1.96 per…
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Johnson & Johnson raises dividend 5.3% its 61st consecutive dividend increase
Johnson & Johnson today announced that its Board of Directors has declared a 5.3% increase in the quarterly dividend, from $1.13 per share to $1.19 per share. “In recognition of our 2022 results, strong financial position, and confidence in the future of Johnson & Johnson, the Board of Directors has voted to increase the quarterly…
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CIT Bank offers safe 4.75% yield savings account
This is not a sponsored post. I’m a CIT Bank customer and received a promotional e-mail today regarding this new high yield account. I thought I’d pass it along. If you have $5,000 or more you’re looking to keep safe in an account that’s earning next to nothing. CIT Bank is offering a 4.75% APY…
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P&G Announces 3% dividend raise marking 67th straight year of increases
The Board of Directors of The Procter & Gamble Company (NYSE:PG) declared an increased quarterly dividend of $0.9407 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after May 15, 2023 to Common Stock shareholders of record at…
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Arbor Realty Trust (ABR) forecloses on Applesway Investment Group’s Texas apartments
The rapid rise in interest rates are pummeling real estate investment companies with adjustable rate loans. In Applesway’s case, at one property, the interest rate on the loan skyrocketed from 3.4% to about 8%. Two of their properties were also heavily leveraged with 80% debt. Arbor Realty Trust’s stock is down around 47% from a…
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Exxon in talks to buy Pioneer Natural Resources
Discussions between the two companies about a potential deal have been informal, the people said. But after posting record profits in 2022, Exxon is flush with cash and, according to people familiar with the company’s plans, has been exploring options that could reshape a swath of the U.S. oil and gas industry while pushing Exxon deeper…