Stanley Black & Decker said it is raising its quarterly dividend.
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Stanley Black & Decker and a handful of banks were among the U.S. companies that declared dividend increases this week.
Stanley Black & Decker (ticker: SWK), whose products include power tools and accessories, plans to pay a quarterly disbursement of 79 cents a share, up nearly 13% from 70 cents.
The stock, which yields 1.6%, has returned 14% this year through July 22, dividends included, versus about 17% for the S&P 500.
Bank of America (BAC) was one of several banks to announce a dividend increase this week. It declared a quarterly payout of 21 cents a share, up 16.7% from 18 cents. The stock, which has returned around 26% this year, yields 2.2%.
Regions Financial (RF), based in Birmingham, Ala., declared a quarterly dividend of 17 cents a share. That is a nearly 10% boost from 15.5 cents currently.
The stock yields 3.6%, and it has returned 19% in 2021.
Discover Financial Services (DFS) said it will hike its quarterly dividend by 6 cents a share, or nearly 14%, to 50 cents. The stock, which has returned nearly 40% this year, yields 1.6%.
In another sector, agricultural products company Corteva (CTVA) declared a quarterly dividend of 14 cents a share, an increase of a penny, or nearly 8%, from 13 cents. Its products include seed and crop protection.
The stock, which has returned about 10% this year, yields 1.3%.
Write to Lawrence C. Strauss at [email protected]
