Apple,
PepsiCo,
and
Simon Property Group
were among the large U.S. companies that announced dividend increases this week.
Apple (ticker: AAPL) declared a quarterly disbursement of 24 cents a share, up by a penny, or 4%. The stock, which yields 0.5%, has returned about 28% this year through Thursday’s close, including dividends, compared with 6% for the
S&P 500.
The next dividend is payable on May 18 to shareholders of record at the close of business on May 15. This marks the 11th straight year in which the company will have increased its quarterly dividend.
PepsiCo said it will raise its quarterly payout to $1.265 a share, an increase of 10% from $1.15. The stock, which has returned 8% this year, yields 2.6%.
The dividend is payable on June 30 to shareholders of record at the close of business on June 2.
Simon Property Group (SPG) declared a quarterly dividend of $1.85 a share. That’s an increase of 3% from $1.80. The stock has returned minus 7% in 2023, and it yields 6.8%.
The real estate investment trust owns and operates malls and outlets across the U.S. The dividend is payable on June 30 to shareholders of record on June 9.
American International Group
(AIG) said it will raise its quarterly dividend to 36 cents a share from 32 cents, up 12.5%.
The insurer’s stock, which yields 2.7%, has returned minus 21% this year. The dividend is payable on June 30 to shareholders of record on at the close of business on June 16.
Microchip Technology
(MCHP) said it will raise its quarterly disbursement to 38.3 cents a share from 35.8 cents, for an increase of 7%. The dividend is payable on June 5 to shareholders of record as of May 22.
The stock, which yields 1.9%, has returned 9% this year.
Expeditors International of Washington
(EXPD) is planning to boost its semiannual dividend by 2 cents, or 3%, to 69 cents a share.
The stock, which yields 1.2%, has returned 13% this year.
The shipping and logistics company’s next dividend is payable on June 15 to shareholders of record as of June 1.
Write to Lawrence C. Strauss at lawrence.strauss@barrons.com
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