Dollar General said it would raise its quarterly dividend to 42 cents a share.
Brian Killian/Getty Images for Procter & GambleDollar General, Williams-Sonoma, and MGM Growth Properties were among the U.S. companies that declared dividend increases this week.
Discount retailer Dollar General (ticker: DG) said it plans to boost its quarterly distribution on its common stock to 42 cents a share from 36 cents for a 17% increase. The stock, which yields 0.9%, has a one-year return of about 27%.
Williams-Sonoma (WSM), whose brands also include Pottery Barn and Pottery Barn Kids, declared a quarterly dividend of 59 cents a share, versus 53 cents previously. That’s an 11% increase. The stock, which has climbed from around $30 a year ago to near $170 recently, yields 1.4%.
MGM Growth Properties (MGP), a real estate investment trust affiliated with casino operator MGM Resorts International (MGM), said it will up its quarterly dividend to 49.5 cents a share. That’s an increase of 1.5% from 48.75 cents. On an annual basis, the dividend will rise to $1.98 a share, or 3 cents.
MGM Growth Properties, along with its joint venture, owns a portfolio of 12 properties in Las Vegas and elsewhere, including Mandalay Bay, MGM Grand Las Vegas, and The Mirage. The stock, which yields 6%, has more than doubled over the past year and recently traded at around $32.
Another REIT, UDR (UDR), which owns apartments, declared a quarterly dividend of 36.25 cents a share, or $1.45 annually, for a boost of nearly 1%. It’s currently $1.44 a share.
The stock, whose one-year return is about 35%, yields 3.3%.
Write to Lawrence C. Strauss at lawrence.strauss@barrons.com
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March 20, 2021 at 07:30PM
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Dollar General, Williams-Sonoma, and Other Companies That Raised Their Dividends - Barron's
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