Welcome and thanks for reading!
In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.
Thursday, December 12th the Board of Directors of Pfizer Inc. (PFE) announced a quarterly dividend increase of from $0.42 to $0.43 per share that’s payable March 7, 2025 to holders of record January 24, 2025. This represents a 2.38% increase over the last quarterly dividend.
“Our decision to increase our quarterly dividend underscores our strong financial performance, disciplined execution and our commitment to returning value to our shareholders,” said Dr. Albert Bourla, Pfizer Chairman and Chief Executive Officer.
With current price $25.77 (yesterday's close), this raise brings their dividend yield to 6.67%.
Thursday, December 12th the Board of Directors of Edison International (EIX) announced a quarterly dividend increase of from $0.78 to $0.8275 per share that’s payable January 31, 2025 to holders of record January 7, 2025. This represents a 6.09% increase over the last quarterly dividend.
“The dividend increase reflects the confidence of our board and management in our company’s financial future in tandem with our commitment to achieving our long-term EPS growth target of 5% to 7%,” said Pedro Pizarro, president and CEO of Edison International.
With current price $78.26 (yesterday's close), this raise brings their dividend yield to 4.23%.
Wednesday, December 11th the Board of Directors of Bristol-Myers Squibb Company (BMY) announced a quarterly dividend increase of from $0.60 to $0.62 per share that’s payable February 3, 2025 to holders of record January 3, 2025. This represents a 3.33% increase over the last quarterly dividend.
This marks the 16th consecutive year that the company has increased its dividend and the 93 rd consecutive year that the company has paid a dividend.
With current price $57.65 (yesterday's close), this raise brings their dividend yield to 4.30%.
Tuesday, December 10th the Board of Directors of Amgen Inc. (AMGN) announced a quarterly dividend increase of from $2.25 to $2.38 per share that’s payable March 7, 2025 to holders of record February 14, 2025. This represents a 5.78% increase over the last quarterly dividend.
With current price $266.50 (yesterday's close), this raise brings their dividend yield to 3.57%.
Welcome and thanks for reading!
In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.
Thursday, December 5th the Board of Directors of WEC Energy Group, Inc. (WEC) announced plan to increase a quarterly dividend from $0.835 to $0.8925 per share that’s payable March 1, 2025 to holders of record February 14, 2025. This represents a 6.89% increase over the last quarterly dividend. The directors expect to declare the new dividend at their regularly scheduled meeting in January.
"The board's review today is consistent with our ongoing plan targeting a dividend payout ratio of 65 to 70 percent of earnings," said Scott Lauber, president and CEO. "The projected dividend for 2025 is in line with the company's longer-term objective to grow earnings per share at a 6.5 to 7 percent compound annual growth rate."
With current price $95.52 (today's open), this raise brings their dividend yield to 3.74%.