Markets

These 4 Companies Just Increased Their Dividends

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Chevron (ticker: CVX), the sprawling global energy firm, has declared a quarterly dividend increase of 6% to $1.19 a share.

It was one of several companies to declare dividend hikes on Wednesday. The others include Charles Schwab (SCHW), S&P Global (SPGI), and Penske Automotive Group (PAG).

Chevron's dividend increases have been growing.

A year ago, the company boosted its quarterly disbursement by nearly 4% to $1.12 from $1.08. In 2016, under pressure from weak oil prices, the company increased its dividend by a penny, to $1.07 a share.

Energy stocks have been out of favor again this year amid slumping oil prices, and Chevron's stock has returned minus 6% over the past year. A silver lining is that the stock yields an attractive 4.2%.

The firm is scheduled to release fourth-quarter earnings results on Friday.

Exxon Mobil (XOM) has been announcing its dividend increases in April. Last April, the company's board declared a quarterly dividend of 82 cents a share, up more than 6% from 77 cents. The stock yields 4.5%.

Elsewhere, financial services company Charles Schwab plans to up its quarterly payout to 17 cents a share from 13 cents, a hefty 31% increase.

The firm's operations include brokerage and financial advice. The stock's one-year return is around minus 11%. It yields 1.1%.

S&P Global will boost its quarterly dividend to 57 cents a share, up from 50 cents, for a 14% rise. The stock yields 1.2%.

The company's specialties include financial data, benchmarks and ratings. The stock's one-year return is about 5%.

Penske Automotive declared a quarterly dividend of 38 cents a share, up by one penny, or nearly 3%. The stock, which yields 3.3%, has a 12-month return of minus 8%.

Its operations include operating automotive and commercial truck dealerships, mainly in the U.S., Canada and Western Europe.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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