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Dividends Are Staying Strong. Kohl’s and Best Buy Are Among the Latest to Raise Their Payouts.

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Kohl’s said it would double its quarterly dividend.

Daniel Acker/Bloomberg


Kohl’s
,


Best Buy
,
and


General Dynamics

were among the U.S. companies that declared dividend increases this week.

Payouts continue to remain robust overall. In 2021, dividends of U.S. companies tracked by Janus Henderson Investors in its global survey increased by 3.5% from a year before, a record performance as payouts totaled nearly $523 billion.

Retailer Kohl’s (ticker: KSS) said it plans to double its quarterly disbursement to 50 cents a share from 25 cents. That equates to an annual dividend of $2 a share.

The stock, which yields 3.4%, has a one-year return of about 4%, dividends included, compared with around 16% for the

S&P 500.

Electronics retailer Best Buy (BBY) declared a quarterly payout of 88 cents a share, a 26% boost from 70 cents. The stock, which has a one-year return of 13%, yields 3.2%.

Defense contractor General Dynamics (GD) said it will pay a quarterly dividend of $1.26 a share. That’s about a 6% increase from $1.19. The stock, which yields 2.1%, has a one-year return of about 45%.

The marks the 25th straight annual dividend increase for the company.


Domino’s Pizza

(DPZ) declared a quarterly dividend of $1.10 a share, up from 94 cents, for a 17% hike. The stock, whose one-year return is about 22%, yields 1.1%.


Waste Management

(WM) said it plans to raise its quarterly disbursement to 65 cents a share from 57.5 cents. That’s an increase of 13%. The stock yields 1.7%, and it has a one-year return of about 36%.


Ross Stores

(ROST) said it plans to boost its quarterly payout to 31 cents a share from 28.5 cents. That’s an increase of nearly 9%. The stock, which yields 1.4%, has a one-year return of around minus 15%.


Hess

(HES) declared a quarterly disbursement of 37.5 cents a share, up 50% from 25 cents. The exploration and production company’s stock has a one-year return of about 50%, and it yields 1.5%.


Dentsply Sirona

(XRAY) declared a quarterly dividend of 12.5 cents a share, up about 14% from 11 cents. The company makes various dental products such as lab supplies, dentures and software. Its stock, which has a one-year return of around minus 11%, yields 1%.


Linde

(LIN), an industrial gas company, said it plans to raise its quarterly dividend to $1.17 a share, an increase of about 10% from $1.06. The stock yields 1.7%, and its one-year return is about 18%.

Write to Lawrence C. Strauss at lawrence.strauss@barrons.com

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