Honeywell, Starbucks, and CenterPoint Energy all raised dividends last week in a light stretch for such actions.
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Honeywell International and Starbucks were among the large U.S. companies that announced dividend increases this week in a light stretch for such actions.
Industrial conglomerate Honeywell (ticker: HON) plans to boost its annual dividend by about 5% to $3.92 a share from $3.72.
The dividend will increase to 98 cents a share on a quarterly basis from 93 cents.
The stock, which yields 1.7%, has returned about 1%, dividends included, this year as of Sept. 30, versus around 16% for the S&P 500 index.
The board of directors of Starbucks (SBUX) declared a quarterly dividend of 49 cents a share, up from 45 cents, for a 9% hike. The annual dividend will be $1.96 a share.
The stock, which returned about 4% this year, yields 1.7%.
CenterPoint Energy (CNP), a utility holding company based in Houston, is planning to boost its quarterly disbursement by a penny to 17 cents a share. That’s an increase of 6%.
The stock, which yields 2.6%, has returned about 16% in 2021.
Write to Lawrence C. Strauss at [email protected]
