Stanley Black & Decker
and a handful of banks were among the U.S. companies announcing dividend hikes this week.
Stanley Black & Decker (ticker: SWK), whose products include power tools and accessories, plans to pay a quarterly payout of 79 cents per share, up nearly 13% from 70 cents.
The stock, which yields 1.6%, has delivered a 14% return, including dividends, through July 22 this year, compared to about 17% for the
bank of America
(BAC) was one of several banks to announce a dividend hike this week. It stated a quarterly payout of 21 cents per share, up 16.7% from 18 cents. The share, which has risen around 26% this year, yields 2.2%.
(RF), based in Birmingham, Ala., announced a quarterly dividend of 17 cents per share. That is an increase of almost 10% compared to 15.5 cents currently.
The share yields 3.6% and has increased by 19% in 2021.
Discover financial services
(DFS) said it will increase its quarterly dividend by 6 cents a share, or nearly 14%, to 50 cents. The share, which yielded almost 40% this year, yields 1.6%.
In another industry, agricultural products business
(CTVA) announced a quarterly dividend of 14 cents per share, up one cent, or nearly 8%, from 13 cents. Its products include seed and crop protection.
The share, which yielded about 10% this year, yields 1.3%.
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