Dividend CHANGES to Know: Stanley Black & Decker, Susquehanna Bancshares, Kinder Morgan, J. M. Smucker Company, Penske Automotive Group
Stanley Black & Decker, Inc. (NYSE:SWK) increased the quarterly dividend by 20%. The board approved a 20% increase of its quarterly cash dividend to 49c per common share. The dividend is payable on September 18 to shareholders of record as of the close of business on September 7.
Susquehanna Bancshares, Inc. (NASDAQ:SUSQ) raised the quarterly dividend to 6c from 5c per share. The dividend is payable on August 20 to shareholders of record July 31.
Kinder Morgan Inc (NYSE:KMI) increased the quarterly dividend to 35c. Kinder Morgan increased the quarterly cash dividend to 35c per share, or $1.40 annualized, which is payable on Aug.15, to shareholders of record as of July 31. This represents a 17% increase over the 2Q11 cash distribution per unit of 30c, or $1.20 annualized, and is up 9% from Q1 dividend of 32c, or $1.28 annualized, per share.
The J. M. Smucker Company (NYSE:SJM) announced that the board has approved an increase in the quarterly dividend from 48c to 52c per common share, an increase of approximately 8%. The dividend will be paid on Tuesday, September 4, to shareholders of record at the close of business on Friday, August 10.
Penske Automotive Group, Inc. (NYSE:PAG) increased the dividend 9% to 12c per share. The dividend is payable on September 4, 2012, to shareholders of record on August 10, 2012.
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