Microsoft , Texas Instruments , and U.S. Bancorp were among the large U.S. companies that declared dividend increases this week.
Microsoft (ticker: MSFT) plans to boost its quarterly payout by 6 cents, or 11%, to 62 cents a share from 56 cents. The stock has returned about 38% this year, dividends included, through Sept. 15, versus about 21% for the S&P 500. The stock was recently yielding 0.8%.
Analog chip maker Texas Instruments (TXN), declared a quarterly dividend of $1.15 a share, up 13% from $1.02. The stock, which yields 2.1%, has returned 22% this year.
U.S. Bancorp (USB), a large regional bank based in Minneapolis, said it will raise its quarterly disbursement to 46 cents a share from 42 cents. That’s an increase of 10%. The stock, which has returned about 26% in 2021, yields 3.2%.
Another large regional bank, Fifth Third (FITB), said it will raise its quarterly dividend by 11% to 30 cents a share from 27 cents. The company is based in Cincinnati. The stock yields 3%, and it has returned around 48% this year.
Philip Morris International (PM) declared a quarterly dividend of $1.25 a share, an increase of 4% from $1.20. The stock, which yields 4.9%, has returned about 29% year to date.
Kilroy Realty (KRC), a real estate investment trust, said it will raise its quarterly disbursement to 52 cents a share, up 4% from 50 cents. The stock has returned about 16% this year, and it yields 3.2%.
The company’s real -estate portfolio consists mainly of office and life science space as well as some residential units.
In other news, timeshare operator Marriott Vacations Worldwide (VAC) reinstated its quarterly dividend at 54 cents a share. The company had discontinued it last year, owing to the fallout from the pandemic.
The company’s board also authorized a stock buyback of up to $250 million.
Realty Income (O) said it will raise its monthly dividend to 23.6 cents a share from 23.55 cents. The stock, which yields 4.1%, has returned about 13% this year as of Sept. 15. The company operates a real estate investment trust.
Write to Lawrence C. Strauss at [email protected]
