were among the handful of U.S. companies that declared dividend increases this week as the summer winds down.
Verizon Communications (ticker: VZ) declared a quarterly dividend of 64 cents a share, an increase of 1.25 cents, or 2%. This marks the 15th straight year in which the company has raised its dividend.
Shares of the telecommunications company have returned about minus 3% this year through Sept. 2, dividends included, versus plus 22% for the
Verizon’s stock was recently yielding 4.6%.
(BRC) and Centerspace (CSR), both of which declared dividend increases this week, sport relatively small market caps—Brady at about $2.8 billion and Centerspace at around $1.5 billion.
Brady, a manufacturing firm, said it plans to increase the annual dividend for its class A common stock to 90 cents a share from 88 cents. That’s a 2% increase. On a quarterly basis, the dividend will increase to 22.5 cents a share from 22 cents.
This marks the 36th straight year in which the company, based in Milwaukee, has boosted its dividend. The company makes a variety of products, including absorbents, labels, printers and signs. The stock, which yields 1.7%, has returned about 0.5% this year.
Centerspace, a real estate investment trust specializing in apartments, declared a quarterly disbursement of 72 cents a share, up 2 cents, or nearly 3%, from 70 cents. The stock, which has returned about 50% this year, yields 2.7%.
In other dividend news, eight companies in the S&P 500 said they will sustain their quarterly dividends at current levels.
(AVGO) at $3.60 a share,
(AMAT) at 24 cents,
(SRE) at $1.10, and
(ES) at 60.25 cents.
The others are
(ZBH) at 24 cents, Hess (HES) at 25 cents, Hewlett Packard Enterprise (HPE) at 12 cents, and Allegion (ALLE) at 36 cents.
Write to Lawrence C. Strauss at [email protected]