The move to double their dividend will increase the current dividend yield on Polo Ralph Lauren stock to 0.7%.
AT&T is already the highest yielding stock in the Dow Jones index. Today’s dividend announcement will increase that dividend yield to 5.9% based on yesterday’s closing price.
Stryker Corporation announced yesterday that the company is increasing their quarterly dividend by 20% to $.18 per share.
France Telecom allayed investor concerns yesterday when the company announced that they would maintain their current dividend through 2012.