Dividend Changes to Know Now: Medley Capital, Fidus Investment, Marlin Business Services, Illinois Tool Works, Chemed Corp.
Medley Capital (MCC) increases quarterly dividend by 71%. Medley Capital announced that its board declared a dividend for the quarter ended June 30 of 36c per share, payable on September 14 to stockholders of record as of August 24.
Fidus Investment (FDUS) raises quarterly dividend 2c to 38c per share. “Market activity grew more robust as the second quarter progressed,” said Edward Ross, CEO of Fidus Investment. “We invested in two new portfolio companies late in June and another soon after the quarter end that are expected to have a positive financial impact on Q3 earnings. Reflecting this outlook, the board has increased the quarterly distribution to 38c per share for Q3, up 2c per share from the Q2 distribution. We believe we are well positioned to continue covering our dividend from earnings on a long term basis.”
Marlin Business Services Corp. (NASDAQ:MRLN): Marlin Business increases dividend 33% to 8c. The Board of Directors of Marlin Business Services declared a 8c per share quarterly dividend, an increase of 33% over the prior quarter.
Illinois Tool Works Inc. (NYSE:ITW): Illinois Tool Works increases quarterly dividend by 6%. The board increased the quarterly dividend to 38c per share from 36c per share. The dividend will be paid on October 10 to stockholders of record as of September 28.
Chemed Corp. (NYSE:CHE): Chemed increases quarterly dividend 12.5%. Chemed Corporation announced that its board has declared a quarterly cash dividend of 18c per share on the company’s capital stock, payable on September 4 to shareholders of record as of August 13. This is a 2c, or 12.5%, increase over the 16c dividend paid in 2Q12. The previous dividend increase was in August 2011, when the board raised the dividend to 16c from 14c.
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