Home Depot said it will increase its dividend.
Scott Olson/Getty ImagesHome Depot, EOG Resources, and Danaher were among the many companies that announced dividend increases this week.
Home Depot (ticker:HD), which focuses on home-improvement products, said it will boost its quarterly dividend by 10% to $1.65 a share from $1.50. The stock, which yields 2.6%, has a one-year return of about 12%, versus 25% for the S&P 500.
EOG Resources (EOG), an exploration and production company based in Houston, has boosted its dividend by 10% to an indicated annual rate of $1.65 cents a share, or 41.25 cents on a quarterly basis. The stock, which yields 2.3%, has a one-year return of about 7%.
Insurance company Chubb Limited (CB) said that its board of directors will recommend an annual dividend of $3.20 a share, payable in quarterly installments of 80 cents a share, up from 78 cents.
The stock has a one-year return of about 6%, and it was recently yielding 1.9%.
Thermo Fisher Scientific (TMO) plans to raise its quarterly disbursement by 18% to 26 cents a share from 22 cents a share. The stock, which has a one-year return of about 45%, yields 0.2%.
Electronics retailer Best Buy (BBY) said it will pay a quarterly dividend of 70 cents a share, a gain of 27% from current levels. The stock yields 2.8%, and it has returned about 25% over the past year.
Domino’s Pizza (DPZ) declared a quarterly payout of 94 cents a share, an increase of 20.5% from 78 cents. The pizza delivery company reported earnings this week. The stock, which yields 1.1%, has a one-year return of about minus 5%.
Medical products company Danaher (DHR) has declared a quarterly dividend of 21 cents a share on its common stock. That’s an increase of nearly 17% from 18 cents a share. The stock, which has returned about 45% in the past year, yields 0.4%.
Insurance company Allstate (ALL) plans to boost its quarterly dividend by 50% to 81 cents a share. It is currently at 54 cents a share. The stock has a one-year return of about minus 5% and yields 3%.
Write to Lawrence C. Strauss at lawrence.strauss@barrons.com
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February 27, 2021 at 07:30PM
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Home Depot, Best Buy, and Other Companies Raising Their Dividends - Barron's
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