Dividend Scan: HST, TTT, MOLX, PM, YUM
Monday, September 19, 2021 11:02 AM

Several companies declared their future dividend plans amidst a negative movement of the US market. Some notable dividend payers are discussed here.


Host Hotels & Resorts Inc. (NYSE: HST) raised its dividend by a penny or 33 percent increase from the company's prior payout. It will now pay a dividend of 4 cents a share, up from 3 cents a share. The increase will cost the company roughly an additional $7.1 million a quarter. Shares lost 2.72 percent or 33 cents to trade at $11.79.


Terra Nova Royalty Corp. (NYSE: TTT) announced a fourth quarter FY2011 of 5 cents per share, payable on October 11, 2021 to shareholders of record on September 30, 2011. Shares fell 1.23 percent or 9 cents to trade at $7.20.


Molex Inc. (Nasdaq: MOLX) declared a regular quarterly cash dividend of 20 cents per share to be paid to holders of Class A Common Stock and Class B Common Stock. The dividend is payable on October 25, 2021 to stockholders of record on September 30, 2011. Shares were down 2.25 percent or 49 cents to trade at $21.31.


Philip Morris International, Inc. (NYSE: PM) announced that its Board of Directors approved a 20.30 percent increase in its quarterly dividend to 77 cents per share. This was the fourth consecutive annual dividend increase for the company, since it was spun off from Altria Group in 2008. Shares slipped 1.39 percent or 96 cents to trade at $68.12.


Yum! Brands, Inc. (NYSE: YUM) declared that its Board of Directors authorized a 14 percent increase in its quarterly dividend to 28.5 cents per share. The hike is expected to cause the company an additional $16.3 million per quarter. It is the seventh consecutive double-digit increase in its payout to shareholders. Shares lost 1.36 percent or 73 cents to trade at $53.12.