Quarterly Dividend Announcements from Major Companies
Xylem, Lowe’s, Sysco, Patrick Industries, and Vertiv Declare Dividends
The Board of Directors of Xylem has announced a fourth-quarter dividend of $0.36 per share, set to be paid on December 24, 2024, for shareholders on record as of November 26, 2024.
Lowe’s Companies also declared a quarterly cash dividend of $1.15 per share. This payment will occur on February 5, 2025, and is for shareholders listed by January 22, 2025.
In another announcement, Sysco’s Board of Directors declared a regular quarterly cash dividend of $0.51 per share. This will be payable on January 24, 2025, to common stockholders of record as of the close of business on January 3, 2025.
On November 14, 2024, Patrick Industries revealed that its Board of Directors approved an increase in its quarterly cash dividend from $0.55 to $0.60 per share. This new rate will be payable on December 9, 2024, for shareholders on record at the close of business on November 25, 2024. Additionally, the Board has raised the stock repurchase authorization to $200 million, including the remaining $72.9 million from the previous plan.
Vertiv’s Board of Directors has raised its regular annual cash dividend by 50%, increasing it from $0.10 to $0.15 per share. The first payment at this new rate will be the fourth-quarter dividend of $0.0375 per share of Class A common stock, declared today and payable on December 19, 2024, to shareholders of Class A common stock on record as of the close of business on December 3, 2024.
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