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IBM plans to raise its dividend.
Migel Medina/AFP via Getty Images
Apple, International Business Machines, and
Discover Financial Services were among the large U.S. companies that announced dividend increases this week. It was a busy stretch for these announcements as first-quarter earnings season continues.
Tech giant Apple (ticker:AAPL) declared a quarterly dividend of 23 cents a share, up by a penny, or 4.5%. The stock, which yields 0.5%, has returned about minus 8% this year through April 28, dividends included, compared with nearly minus 10% for the
S&P 500.
International Business Machines (
IBM) said it will raise its quarterly disbursement to $1.65 cents a share from $1.64. The company is a member of the S&P 500 Dividend Aristocrats Index, whose constituents have paid out a higher dividend for at least 25 straight years.
The stock, which has returned about 3% this year, yields 4.9%.
Discover Financial Services (DFS) declared a quarterly dividend of 60 cents a share, up 20% from 50 cents. The stock, which yields 2.1%, has returned about 1% year to date.
Insurance company
MetLife (MET) said it will hike its quarterly payout to 50 cents a share from 48 cents, an increase of about 4%. The stock, which has returned about 9% this year, yields 3%.
Raytheon Technologies (RTX) declared a quarterly disbursement of 55 cents a share, up 4 cents, or about 8%, from 51 cents. The aerospace and defense company’s stock, which has returned around 15% in 2022, yields 2.2%.
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