Dividend Changes to Know: Duke Energy, Tupperware Brands, General Mills
Duke Energy Corporation (NYSE:DUK) declared a quarterly cash dividend on its common stock of 25.5c per share, an increase of a half-cent over the previous level. The dividend is payable on Sept. 17 to shareholders of record at the close of business Aug. 17. Duke Energy anticipates the closing of its merger with Progress Energy (NYSE:PGN) on or about July 1. Upon closing, Duke Energy will execute a 1-for-3 reverse stock split. If the merger closing occurs on or prior to the dividend record date of Aug. 17, the dividend will be automatically adjusted to 76.5c per share, as a result of the 1-for-3 reverse stock split.
Tupperware Brands Corporation (NYSE:TUP) says they are still focused on dividend increases and buybacks.
General Mills Inc. (NYSE:GIS): General Mills’ board of directors has approved an 8% dividend increase for General Mills common stock. The new quarterly dividend of 33c per share is payable Aug. 1 to shareholders of record July 10.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.