declared dividend increases this past week, adding a little sweetener to their stocks.
Starbucks (ticker: SBUX) declared a quarterly dividend of 45 cents a share, up nearly 10% from 41 cents.
The company’s CEO, Kevin Johnson, said in a statement that the increase reflects “confidence in the strength of our recovery and the robustness of our long-term growth model.”
The stock, which has a flattish return year to date, was recently yielding 1.9%. Its return trails the S&P 500’s result of about 5.6% year to date.
Conagra Brands (CAG), a consumer packaged food company, plans to boost its quarterly disbursement to 27.5 cents a share, or $1.10 on an annualized basis. That’s a 29% increase from 21.25 cents currently.
The company makes and sells a variety of products, including Hunt’s ketchup, Slim Jim snacks, and Reddi Wip toppings.
The stock, which yields 2.4%, has a year-to-date return of 6.2%, dividends included.
The week prior, aerospace and defense company
(LMT) said it will raise its quarterly dividend to $2.60 a share from $2.40. That’s an 8% boost.
The stock, which is flat this year, including dividends, yields 2.7%.
Write to Lawrence C. Strauss at [email protected]