Dividend Changes on the Week: Eaton Vance Corp., Westwood Holdings Group, A. Schulman, Penske Automotive Group, Pinnacle West Capital Corp.

Eaton Vance Corp. (NYSE:EV): Eaton Vance raises quarterly dividend 5.3% to 20c from 19c per share. The dividend is payable November 14 to shareholders of record on October 31. The increase marks the 32nd consecutive fiscal year that the company has raised its dividend, which has grown at an annual rate of 19% over that period.

Westwood Holdings Group Inc. (NYSE:WHG): Westwood Holdings Group announces 8% quarterly dividend increase. Westwood’s Board of Directors declared a quarterly cash dividend of 40c per common share, an 8% increase from the previous quarterly dividend of 37c per share, payable on December 14 to stockholders of record on December 3.

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A. Schulman, Inc. (NASDAQ:SHLM): A. Schulman increases dividend 2.6% to 19.5c per share. The board of directors of A. Schulman declared a regular cash dividend of 19.5c per common share, payable November 1, to shareholders of record on October 19. This is an increase of 2.6% from the prior quarter’s dividend of 19c per common share.

Penske Automotive Group, Inc. (NYSE:PAG): Penske Automotive increases dividend 8.3% to 13c per share. Penske Automotive Group announced that its board of directors has approved a cash dividend of 13c per share for Q3, up from 12c per share for Q2. The dividend is payable on December 3, to shareholders of record on November 12.

Pinnacle West Capital Corp. (NYSE:PNW): Pinnacle West increases dividend 4% to 54.5c. Pinnacle West Capital Corporation’s board of directors voted today to raise the company’s dividend by approximately 4%, or 8c per common share annually. This action will result in a quarterly dividend of 54.5c per share. The declared dividend is payable December 3, to shareholders of record on November 1.

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