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Karen Bleier/AFP via Getty Images
McDonald’s,
RPM International,
and
KB Home
were among the U.S. companies that declared dividend increases last week.
They come at a time when there are signs that dividends, many of which were cut or suspended due to the pandemic earlier this year, are stabilizing.
S&P Dow Jones Indices is now forecasting a 1% decline in S&P 500 dividend payments this year versus 2019 levels, an improvement from its forecast in May of a 3-4% drop.
Fast-food restaurant company McDonald’s (ticker: MCD) declared a quarterly disbursement of $1.29 a share, up 3% from $1.25.
The stock, which yields, 2.3%, has gained about 16% this year, dividends included.
Home builder KB Home (KBH) plans to up its quarterly payout to 15 cents a share from 9 cents. That’s a 67% increase.
The stock, which has returned about 20% year to date, yields 0.9%.