This marks the second dividend hike in the last nine months from PPG, which has increased its annual dividend total every year dating back to 1973. As I noted last month, the company just needed to hold its payout flat through the end of the year to hit 39 consecutive years of dividend growth, so today’s upgrade is a nice surprise.
Shares of PPG are currently trading at $94.42, where they now feature a 2.41% dividend yield.
Janus Quintuples Dividend, to Pay QuarterlyJanus Capital Group Inc. (JNS) declared a quarterly dividend of $0.05 per share within this morning’s first quarter earnings release, which represents a 400% improvement over the annual dividend paid each of the previous nine years by the global investment firm.
The company’s first quarter profit rose 21% year-over-year to $37.9 million, or $0.21 per share, edging the consensus analyst view ($0.21 per share).
Shares of JNS closed at $12.64 per share on Wednesday, where they now feature a much-more-relevant 1.58% dividend yield.
Janus began returning cash to shareholders via an annual dividend in 2000.
Travelers Raises Dividend Following Big First QuarterThe Travelers Companies, Inc. (TRV) declared a quarterly dividend of $0.41 per share within this morning’s impressive first quarter earnings release, which is a 14% improvement over the $0.36 paid each of the previous four quarters by the insurance holding company.
Travelers posted a first quarter operating profit of $1.89 per share, easily beating the consensus analyst view of just $1.49 per share. Looking at the company’s balance sheet, it managed to raise its book value from $58.47 to $59.91 per share during the quarter, leapfrogging its current share price.
Shares of TRV closed at $59.13 on Wednesday, where they now feature a 2.77% dividend yield.
Travelers is now in position to increase its dividend total for the seventh consecutive year.
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This article was originally published on The Dynamic Dividend, a website dedicated entirely to dividend stock news, tools, tips, and investment ideas.






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