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Northrop Grumman and 5 More Companies That Raised Their Dividends This Week

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Northrop Grumman said it would raise its stock dividend.

Courtesy of Northrop Grumman

American Tower


Northrop Grumman

were among the U.S. companies this week that announced plans to boost their dividends.

American Tower (ticker: AMT) declared a quarterly distribution of $1.43 a share, up from $1.40, for an increase of 2%. The stock, which yields 2.3%, has returned about minus 20% this year, dividends included, through the close on May 19. That compares with a minus 18% return for the

S&P 500

Chubb (CB), an insurance company, said it plans to boost its quarterly disbursement to 83 cents a share, an increase of nearly 4% from 80 cents. On an annual basis, that is $3.32 a share. The stock yields 1.6%, and it has returned about 6% this year. This marks the 29th consecutive annual dividend increase for the company.

Aerospace and defense firm Northrop Grumman (NOC) declared a quarterly disbursement of $1.73 a share. That’s an increase of 10% from $1.57 a share. The stock, which yields 1.6%, has returned 16% so far this year.





) said it will raise its quarterly payout to 15 cents a share, up by 33% from 11.25 cents. The stock, which has returned 56% this year, yields 0.7%. The company makes concentrated phosphate and potash crop nutrients.

Mid-America Apartment

Communities (MAA) declared a quarterly disbursement of $1.25 a share, an increase of about 15% from $1.0875. The company operates as a real estate investment trust.

The stock, which yields 2.9%, has returned around minus 24% year to date.

Packaging Corporation of America

(PKG) plans to boost its annual dividend by 25% to $5 a share from $4. On a quarterly basis, the dividend will rise to $1.25 a share from $1. The stock, which has returned about 11% this year, yields 3.4%.

Write to Lawrence C. Strauss at

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