Quarterly Dividends Announced by Columbus McKinnon, Cadre Holdings, ONE Gas, First BanCorp, and Synchrony Financial
Columbus McKinnon, a top company in intelligent motion solutions for material handling, has revealed that its Board of Directors will pay a regular quarterly dividend of $0.07 per common share. This dividend is set to be distributed on or around February 18, 2025, to shareholders who are on record at the close of business on February 7, 2025. The company currently has about 28.6 million shares of common stock outstanding.
In another update, Cadre Holdings, a leader in safety equipment manufacturing for law enforcement, military, and other sectors, announced a quarterly cash dividend of $0.095 per share. This marks an increase of 3 cents, or around 9%, from its previous annualized dividend of $0.35 per share, bringing the new annualized total to $0.38 per share. Payment will occur on February 14, 2025, for shareholders listed by January 31, 2025.
ONE Gas has also raised its dividend for the first quarter of 2025, increasing it by 1 cent per share to 67 cents, which results in an annualized dividend of $2.68 per share. Shareholders can expect this payment on March 7, 2025, as long as they are recorded by February 21, 2025.
Meanwhile, First BanCorp., the parent company of FirstBank Puerto Rico, has declared a quarterly cash dividend of $0.18 per share. This represents a 13% increase, or $0.02, from the last dividend paid in December 2024. The new dividend, which equates to an annualized rate of $0.72 per share, will also be paid on March 7, 2025, to shareholders recorded by February 21, 2025. Aurelio Alemán, President and CEO, expressed satisfaction regarding this decision, highlighting their commitment to boosting shareholder value.
Finally, Synchrony Financial declared a quarterly cash dividend of $0.25 per share of common stock, which will be payable on February 18, 2025, to shareholders recorded as of the close of business on February 3, 2025.
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