2 Companies That Raised Their Dividends This Week

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Insurance holding firm Globe Life and media agency Tegna declared dividend will increase this week.

Several different firms mentioned they might preserve their payouts at present ranges, nevertheless it was a reasonably quiet week for official dividend bulletins.

Globe Life

(ticker: GL), based mostly in McKinney, Texas, plans to spice up its quarterly disbursement on its widespread inventory by a penny, or about 5%, to 19.75 cents a share.

The inventory, which yields 0.8%, has a one-return of round 50%, dividends included. The firm focuses on life and supplemental medical insurance for middle-income prospects within the U.S.

Tegna

(TGNA), whose property embrace tv stations, mentioned it plans to spice up its annual dividend by about 36%. The quarterly dividend, payable on July 1 to stockholders of document on the shut of enterprise on June 4, might be 9.5 cents a share, up from 7 cents.

The inventory, which yields 1.4%, has a one-year return of about 75%.

Several firms mentioned they plan to maintain their dividends at present ranges.

Retailer

TJX

(TJX) declared a quarterly dividend of 26 cents a share, the identical quantity as within the earlier quarter. Due to the pandemic, the corporate suspended its dividend final 12 months, however reinstated it in November at 26 cents a share—above the 23 cents a share it had been paying earlier than the pandemic.

The inventory, which has a one-year return of about 50%, yields 1.6%.

McCormick

(MKC), which makes spices, seasoning mixes, and different associated merchandise, plans to maintain its quarterly disbursement at 34 cents a share.

McCormick is a member of the

S&P 500

Dividend Aristocrats, all of which have paid out the next dividend for no less than 25 consecutive years.

The inventory has a one-year return of about 25%, and it yields 1.5%.

Simon Property Group

(SPG) plans to take care of its quarterly dividend at $1.30 a share.

The Indianapolis-based firm, which operates as an actual property funding belief, owns quite a lot of higher-end malls across the nation.

It did slash its quarterly dividend throughout the pandemic final 12 months from $2.10 a share to $1.30—nevertheless it has maintained it at that degree since then. The inventory, which yields 4.5%, has a one-year return of about 175%.

Write to Lawrence C. Strauss at lawrence.strauss@barrons.com