Fastenal increased its quarterly dividend by 11%.
Luke Sharrett/Bloomberg
Fastenal , Consolidated Edison , and J.B. Hunt Transport Services were among the U.S. companies that declared dividend increases this week.
Fastenal (ticker: FAST) declared a quarterly disbursement of 31 cents a share, up 3 cents, or 11%, from 28 cents.
The company’s stock, which yields 2.2%, has a one-year return of 18% as of Jan. 20, dividends included, in line with the S&P 500′
s result.
Utility Consolidated Edison (ED) said it plans to boost its quarterly payout to 79 cents a share from 77.5 cents, an increase of 2%. This marks the 48th straight annual dividend increase for the company.
The company, headquartered in New York City, is a member of the S&P 500 Dividend Aristocrats index, whose members have paid a higher dividend for at least 25 straight years. The stock, which has a one-year return of 22%, yields 3.7%.
J.B. Hunt Transport Services (JBHT) declared a quarterly dividend of 40 cents a share. That’s a 33% jump from 30 cents a share currently.
The stock, which yields 0.6%, has a one-year return of about 35%.
ONE Gas (OGS), a natural gas distributor based in Tulsa, Okla., plans to boost its quarterly dividend to 62 cents a share from 58 cents for an increase of 7%. The stock, which yields 3.2%, has a one-year return of about 13%.
Entegris (ENTG) declared a quarterly dividend of 10 cents a share, up 25% from 8 cents. The chip material maker’s stock yields 0.3%, and it has returned about 14% over the past year.
Write to Lawrence C. Strauss at [email protected]
