Today’s announcement marks the seventh consecutive year that Waste Management has increased their dividend.
Honeywell announced yesterday that the company is raising their annual dividend rate by 10% to $1.33 per share.
Lincoln National currently only pays out $.01 per share every quarter, so even with the dividend increase LNC shares will only yield 0.2%.
If the dividend increase is approved by the board of directors, AEP’s current yield will increase to 5.1% based on yesterday’s closing price.
Sonoco announced today that their Board of Directors approved a 4% increase in their quarterly dividend.
Retailer J.C. Penney’s announced that their Board of Directors has approved a quarterly dividend of $.20 per share.