It was a quiet week for dividend announcements, although many large businesses, including Microsoft (NASDAQ: MSFT), Oracle ORCL –1.44 percent (NYSE: ORCL), and Bristol-Myers Squibb BMY +1.58 percent, stated they would keep payouts at current levels (BMY).
FedEx (NYSE: FDX) announced a quarterly dividend of $1.15 a share, up from 75 cents, for a 53% increase in the quarterly dividend payment. Stockholders whose accounts were current as of the close of business on June 27 will receive the dividend on July 11. The company’s stock pays out a 2% dividend.
Through June 16, dividends included, it has returned roughly minus 13% in 2022 compared to about negative 23% for the S&P 500SPX +0.22 percent. As of June 16, the stock’s year-to-date return was a negative 9 percent.
Several corporations have announced that their quarterly dividend payments would remain at their existing levels. As an example, U.S. Bancorp USB 0.0% (USB) and Microsoft are both tradings at 62 cents a share, while Oracle is at 32 cents and Bristol-Myers is at 54 cents.
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