These Companies Just Gave Their Investors A Big Raise

Companies that reward shareholders with regular dividend increases are particularly attractive to income-focused investors. These three companies recently made substantial increases to their dividend payouts, giving investors a nice raise.

Ralph Lauren 

Ralph Lauren Corporation RL is a global leader in the design, marketing, and distribution of luxury lifestyle products, including apparel, footwear, accessories, home goods, fragrances, and hospitality services. 

On May 23, Ralph Lauren announced an increase in its quarterly dividend by 10% to $0.825 per share, or $3.30 annually. The dividend will be payable on July 12 to stockholders of record on June 28. The annual yield on the dividend is 1.82%. Ralph Lauren has maintained dividend payments for 22 consecutive years. 

The stock has gained over 26% year-to-date. Over the last twelve months, the company reported $6.6 billion in revenue and $646.3 million in net income.

Donaldson Company

Donaldson Company, Inc. DCI manufactures and sells filtration systems and replacement parts worldwide, serving customers from small businesses to major OEM brands. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. 

On May 24, Donaldson announced an 8% increase in its quarterly dividend to $0.27 per share, or $1.08 annually. The dividend will be payable on June 28, to stockholders of record on June 17. 

The annual yield on the dividend is 1.48%. Donaldson has maintained dividend payments for 54 consecutive years and has raised its dividend for 28 consecutive years. 

Over the last twelve months, the company reported $3.53 billion in revenue and $396.2 million in net income.

LyondellBasell Industries 

LyondellBasell Industries LYB is a leader in the global chemical industry and one of the world’s largest producers of polymers. The company develops, manufactures, and markets innovative products for applications in sustainable transportation, food safety, clean water, and healthcare. 

On May 24, LyondellBasell increased its quarterly dividend by 7.2% to $1.34 per share, or $5.36 annually. The dividend will be payable on June 10 to stockholders of record on June 3. The annual yield on the dividend is 5.58%. LyondellBasell has maintained dividend payments for 14 consecutive years. 

Over the last twelve months, the company reported $40.78 billion in revenue and $2.11 billion in net income.

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