were among the U.S. companies that declared dividend increases this week.
Phillips 66 (ticker: PSX), a refiner, declared a quarterly dividend of 97 cents a share, up 5 cents, or about 5%. The quarterly distribution is currently 92 cents a share.
The stock, which yields 4.1%, has returned about 27% this year, including dividends, as of May 12, compared with minus 17% for the
Cardinal Health (CAH), a prescription drug distributor, said it will raise its quarterly disbursement to 49.57 cents a share from 49.08 cents. That’s an increase of about 1%. The stock, which has returned about 8% this year, yields 3.5%.
Electronic Arts (EA) said it will hike its quarterly payout to 19 cents a share, up about 12% from 17 cents a share. The company’s portfolio includes games for consoles. The stock has returned minus 8% this year, and it yields 0.6%.
Simon Property Group
(SPG), a real estate investment trust that owns a lot of malls and outlets around the country, declared a quarterly disbursement of $1.70 a share. That’s a 3% boost from $1.65.
The stock, which yields 5.8%, has returned around minus 27% year to date.
Write to Lawrence C. Strauss at firstname.lastname@example.org