Exxon Mobil, AbbVie, and Visa Raised Dividends

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Exxon Mobil
,

AbbVie
,
and

Visa

had been among the many U.S. firms that introduced dividend will increase final week.

Exxon Mobil (ticker: XOM) declared a quarterly dividend of 91 cents a share, up 3.4% from 88 cents.

That’s an annualized of $3.64 a share.

Exxon Mobil is a member of the

S&P 500 Dividend Aristocrats

Index, whose constituents have paid out a better dividend for a least 25 consecutive years.

For a lot of the pandemic beginning in 2020, the vitality large saved its quarterly dividend at 87 cents a share as the corporate tried to protect capital. It will definitely declared a quarterly dividend of 88 cents a share in October of final yr, growing the payout by a penny.

Exxon inventory, which yields 3.2%, has returned 81% this yr by Oct. 27, together with dividends, in contrast with minus 19% for the

S&P 500
,
in accordance with FactSet.

Pharmaceutical firm AbbVie (ABBV) stated it’ll enhance the quarterly payout to $1.48 a share, in contrast with $1.41 at present. That’s a 5% enhance. The annualized dividend will rise to $5.92 a share.

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The inventory, which has returned about 18% this yr, yields 3.9%.

Amphenol

(APH) plans to boost its quarterly disbursement to 21 cents a share, up 5% from 20 cents.

The corporate’s merchandise embrace electrical, digital, and fiber-optic connectors.

Amphenol inventory, which yields 1.1%, has returned round minus 15% this yr.

Baker Hughes

(BKR) declared a quarterly dividend of 19 cents a share, up by a penny, or 5.5%. That may enhance the annualized dividend to 76 cents a share.

Shares of the oilfield products-and-services firm have returned about 15% yr so far. The yield is 2.7%.

Rockwell Automation

(

ROK

) declared a quarterly dividend of $1.18 a share, in contrast with $1.12 at present. That’s a rise of about 5%. The annualized dividend will enhance to $4.72 a share.

The inventory, which yields 1.8%, has returned minus 28% this yr.

Hartford Monetary Companies Group

(HIG) plans to boost its quarterly dividend to 42.5 cents a share, a ten% enhance from 38.5 cents. The inventory, which has returned about 3% this yr, yields 2.1%.

That annualized dividend will go to $1.70 a share.

American Electrical Energy

(AEP) declared a quarterly dividend of 83 cents a share, up from 78 cents, for a rise of about 6%. That strikes the annualized dividend to $3.32 a share.

The inventory, which yields 3.7%, has returned, is flattish this yr.

Earlier this month, Visa (V) declared a quarterly payout of 45 cents a share. That’s a rise of 20%. The inventory, which has returned about minus 5%, this yr, yields 0.9%.

On an annualized foundation, the dividend will rise to $1.80 a share.

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