Dividend Changes to Know Now: Wisconsin Energy, Family Dollar Stores, Williams Companies, Schlumberger Limited
Wisconsin Energy Corp. (NYSE:WEC): Current Price $38.10
Wisconsin Energy raises quarterly dividend to 34c from 30c per share. The dividend is payable March 1 to stockholders of record on Feb. 14.
Family Dollar Stores Inc. (NYSE:FDO): Current Price $58.28
Family Dollar raises quarterly dividend 23.8% to 26c from 21c per share. The increase will be effective with the declaration of the next quarterly dividend. “Our Board’s decision to maintain our remarkable record of 37 consecutive years of dividend increases shows their unwavering commitment to shareholders, and the increase of 23.8% reflects our confidence in the company’s long-term growth potential,” said Howard Levine, Chairman and CEO.
Williams Companies, Inc. (NYSE:WMB): Current Price $34.70
Williams raises dividend to 33.88c per share from 32.5c per share. Williams’ board has approved a regular dividend of 33.88c on the company’s common stock, payable March 25, to holders of record at the close of business on March 8. The Q1 dividend is an increase of 1.38c, or 4.2%, over the previous quarterly dividend of 32.5c per share. The new amount is an increase of 8c, or 30.9%, over 1Q12. The increased dividend is consistent with the company’s previously announced plan to increase its dividend more frequently, with increases every quarter. The company continues to expect the full-year dividend it pays shareholders in each 2013 and 2014 to increase by 20%, to $1.44 and $1.75 per share, respectively. Williams’ full-year dividend for 2012 was $1.20 per share.
Schlumberger Limited (NYSE:SLB): Current Price $76.51
Schlumberger increases dividend 13.6% to 31.25c per share. The board Schlumberger approved a 13.6% increase of the quarterly dividend. The increased dividend of 31.25c per share of outstanding common stock is payable on April 12 to stockholders of record at the close of business on February 20.
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