5 Companies That Raised Their Dividends This Week

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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


(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 lawrence.strauss@barrons.com

Harry Byrne

Harry Byrne

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