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Companies Announce Increased Dividends for 2024

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  Companies Announce Increased Dividends for 2024

ADI Boosts Quarterly Dividend by 7%

Analog Devices, a global semiconductor leader, has declared a 7% increase in its quarterly dividend, from $0.86 to $0.92 per outstanding share of common stock, marking the company’s 20th consecutive year of dividend increases. Vincent Roche, CEO and Chair, expressed confidence in ADI’s enduring business qualities, noting the company’s positive free cash flow generation for 27 consecutive years. Roche highlighted that the increased dividend is integral to ADI’s capital return strategy, aiming to return 100% of free cash flow to shareholders over the long term. This decision reflects the company’s commitment to delivering long-term value to shareholders. Effective March 15, 2024, the increased dividend will be payable to shareholders of record as of March 5, 2024, underscoring ADI’s dedication to consistently rewarding its shareholders.

Flowserve Authorizes 5% Dividend Increase

Flowserve’s Board of Directors has approved a 5% increase in its quarterly cash dividend to $0.21 per share on the company’s outstanding common stock. In addition, the board has reauthorized the total share repurchase to $300 million, of which approximately $96 million remains. The increased dividend, combined with the replenished share repurchase authorization, underscores Flowserve’s dedication to returning capital to shareholders, positioning the company for sustained growth and long-term value creation. The dividend is payable on April 12, 2024, to shareholders of record as of March 28, 2024, reflecting the company’s commitment to enhancing shareholder returns.

Gildan Declares 10% Dividend Increase

Gildan’s Board of Directors has approved a 10% increase in the current quarterly dividend, declaring a cash dividend of $0.205 per share, payable on April 8, 2024, to shareholders of record on March 13, 2024. The decision reflects Gildan’s commitment to rewarding its shareholders and sustaining its long-standing dividend payment history, thereby reinforcing the company’s strong financial position and confidence in its future growth prospects. The dividend increase aligns with Gildan’s strategic focus on delivering sustainable long-term value to its shareholders, underscoring the company’s dedication to maintaining an attractive return for its investors.

Lincoln Electric Sets Quarterly Cash Dividend

Lincoln Electric Holdings has declared a quarterly cash dividend of $0.71 per common share, payable on April 15, 2024, to shareholders of record as of March 31, 2024. The dividend declaration reflects the company’s commitment to enhancing shareholder value and underscores its confidence in its financial strength and ability to generate consistent cash flows. Lincoln Electric’s sustained focus on delivering attractive cash returns to shareholders further reinforces its commitment to long-term value creation amidst a dynamic business environment.

Ingersoll Rand Declares Regular Quarterly Cash Dividend

The Board of Directors of Ingersoll Rand has declared a regular quarterly cash dividend of $0.02 per share of common stock, payable on March 28, 2024, to stockholders of record on March 7, 2024. This decision underscores Ingersoll Rand’s commitment to delivering value to its shareholders while sustaining its financial flexibility to support its strategic initiatives and growth plans. The company’s focus on delivering consistent dividends reflects its robust financial position and strategic priorities, underscoring its commitment to creating enduring value for its shareholders.

Daily Dividend Report: ADI,FLS,GIL,LECO,IR


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