The board of directors of Target has declared a quarterly dividend of 66 cents per common share, a 3.1% increase from the prior quarterly dividend of 64 cents. The dividend is payable Sept. 10, 2019 to shareholders of record at the close of business August 21, 2019. The 3rd quarter dividend will be the company's 208th consecutive dividend paid since October 1967 when the company became publicly held. With the increase announced today, 2019 is expected to be the 48th consecutive year in which Target has increased its annual dividend.
Parkland Fuel announces that a dividend of $0.0995 per share will be paid on July 15, 2019 to shareholders of record on June 21, 2019. The dividend will be an 'eligible dividend' for Canadian income tax purposes. The ex-dividend date is June 20, 2019.
Today, the National Fuel Gas Company Board of Directors approved a 2.4 percent increase in the dividend on the Company's common stock, raising the quarterly rate from 42.5 cents per share as approved in June 2018 to 43.5 cents per share for an annual rate of $1.74 per share. National Fuel has paid dividends for 117 consecutive years and has increased its annual dividend for 49 straight years. This dividend is payable July 15, 2019, to shareholders of record at the close of business on June 28, 2019.
Franklin Resources announced a quarterly cash dividend in the amount of $0.26 per share payable on July 12, 2019 to stockholders of record holding shares of common stock at the close of business on June 28, 2019. The quarterly dividend of $0.26 per share is equivalent to the dividend paid for the prior quarter and represents a 13% increase over the quarterly dividend paid for the same quarter last year.
Microsoft on Wednesday announced that its board of directors declared a quarterly dividend of $0.46 per share. The dividend is payable Sept. 12, 2019, to shareholders of record on Aug. 15, 2019. The ex-dividend date will be Aug. 14, 2019.
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