10 Companies That Boosted Their Dividends This Week

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Prudential

Financial,

Phillips 66
,

Tractor Supply
,
and

Interpublic

were among the various large companies that announced dividend increases this week. It continues to be a busy period for such moves as companies report their latest financial results.

Prudential Financial (ticker: PRU), an insurer and asset manager, declared a quarterly dividend of $1.25 a share, an increase of 5 cents, or 4%.

The stock, which yields 4.9%, has a one-year return of minus 11%, including dividends, through Feb. 9, compared with minus 10% for the

S&P 500
.

Phillips 66 (PSX) said it plans to boost its quarterly disbursement to $1.05 a share from 97 cents. That’s an increase of 8%.

The energy company’s stock, which has a one-year return of 19%, yields 4%.

DuPont

de Nemours (DD) is raising its quarterly dividend to 36 cents a share from 33 cents, an increase of 9%. The chemical company’s stock yields 1.9%, and it has a one-year return of minus 5%.

YUM! Brands

(YUM) plans to hike its quarterly dividend to 60.5 cents a share for an increase of 6%. The stock, which has a one-year return of 5%, yields 1.8%.

The global company’s fast-food brands include KFC, Taco Bell, Pizza Hut, and Habit Burger Grill.

Specialty glass manufacturer

Corning

(

GLW

) declared a quarterly disbursement of 28 cents a share, up by a penny or nearly 4%. The stock has a one-year return of minus 16%. It yields 3.2%.

Money manager

T. Rowe Price Group

(TROW) said it will raise its quarterly dividend to $1.22 a share from $1.20 for an increase of 1.7%. The stock yields 4.2%; it has a one-year return of minus 16%.

AvalonBay Communities

(AVB), a real-estate investment trust specializing in apartments, declared a quarterly dividend of $1.65 a share. That’s up from $1.59 a share and represents an increase of nearly 4%.

As of Dec. 31, the company owned or held an interest in nearly 300 apartment communities in 12 states and the District of Columbia.

The stock, which yields 3.7%, has a one-year return of minus 25%.

Tractor Supply (TSCO), which operates a chain of stores in rural areas and whose customers include ranchers and recreational farmers, declared a quarterly dividend of $1.03 a share.

That’s a 12% boost from 92 cents a share. The stock, which yields 1.8%, has a one-year return of 6%.

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Interpublic Group of

Cos. (IPG) declared a quarterly dividend of 31 cents a share, up 2 cents, or nearly 7%.

Its services include advertising, marketing, and communications. The stock has a one-year return of minus 2%, and it yields 3.4%.

Masco

(MAS) plans to raise its quarterly dividend by 2% to 28.5 cents a share from 28 cents.

Shares of the home improvement and building product maker yield 2.1%, and they have a one-year return of minus 9%.

Write to Lawrence C. Strauss at [email protected]