Sherwin Williams Raises Dividend to 71.5 Cents a Share
Provided by
Dow Jones
By Stephen Nakrosis
Sherwin-Williams on Wednesday said its board raised the company's quarterly dividend to 71.5 cents a share, an 18% increase over the previous dividend.
The new dividend will be payable on March 8 to shareholders of record on Feb. 26, the company said.
The new dividend, $2.86 on an annual basis, represents a dividend yield of about 0.93% based on the stock's closing price of $307.21 on Feb. 13.
In February of last year, the company raised its dividend to 60.5 cents from 60 cents.
The latest increase follows 45 consecutive years of dividend increases, Sherwin Williams said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
February 14, 2024 13:22 ET (18:22 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
5 Stocks to Buy That We Still Like After They’ve Run Up
-
Markets Brief: Stocks Are Starting to Look Cheap Again
-
AbbVie Earnings: Next-Generation Immunology Drugs Help Offset Humira Biosimilar Pressure
-
Exxon Earnings: Ignore Earnings Shortfall as Long-Term Growth and Improvement on Track
-
American Airlines Earnings: We See Costs Overshadowing Market Share This Year
-
Snap Earnings: Advertising Growth and Snapchat+ Drive Monetization
-
STMicro Earnings: We Still See an Attractive Margin of Safety Despite a Poor First-Half Forecast
-
Alphabet Shares Surge on Strong Earnings, Dividend Surprise
-
Microsoft Earnings: Firm Beats Forecasts on Strong AI and Cloud Demand
-
PG&E Earnings: Near-Term Regulatory Certainty Supports Industry-Leading Earnings Growth