Clorox and a pair of Extra Firms That Raised Their Dividends This Week
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Clorox (ticker: CLX), which makes family and private care merchandise, plans to spice up its quarterly payout by 5% to $1.16 a share from $1.11.
This 12 months, the inventory, which yields 2.6%, has returned about minus 10%, dividends included, as of June 4.
Retailer American Eagle Outfitters (AEO) plans to spice up its quarterly dividend to 18 cents a share from 13.75 cents. That’s a 31% hike.
The inventory, which has returned about 60% this 12 months, yields 1.7%. The corporate mentioned in a launch that the rise displays “power within the enterprise, monetary well being and confidence in delivering constant long-term progress.”
Alexandria Actual Property Equities
(ARE) declared a quarterly disbursement of $1.12 a share, up 3% from $1.09 beforehand.
The corporate operates as a real-estate funding belief, or REIT, and focuses on city workplace actual property in markets resembling San Diego, Seattle, higher Boston, and Maryland. The inventory, which yields 2.4%, has returned about 4% this 12 months.
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Elsewhere, one other REIT, Nationwide Well being Traders (NHI) mentioned it would pay a second-quarter dividend of 90 cents a share, down about 18% from $1.1025 within the first quarter. The corporate’s companies embrace senior housing and medical facility investments.
In a information launch dated June 3, the corporate’s CEO,
mentioned partially that the corporate’s board “is dedicated to preserving a prudent and conservative capital construction that ensures the Firm has adequate flexibility to handle by the influence of the pandemic.”
Sectors resembling senior housing have been hit more durable than extra defensive sectors, like know-how, throughout the pandemic.
Mendelsohn added that the dividend reduce places the corporate “in a greater place to considerably enhance the standard of our actual property portfolio by lease restructurings, asset gross sales, and accretive acquisitions whereas nonetheless being dedicated to a sustainable dividend.” The inventory, which yields 6.7%, has returned about minus 4% this 12 months.
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