2 financial corporations announce dividend increases

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A large regional bank and an insurance company were among the companies that recently announced an increase in their dividends during the light week that preceded the sending of such notifications.

Eli Christman

SunTrust Banks (STI) announced Tuesday a quarterly dividend of 50 cents per share, up 40 cents per share, for a 25% increase.

The stock of the Atlanta-based bank yields 2.2%. It returned 13.5% this year, versus 2.6% for Invesco KBW Bank (KBWB).

The bank's branch network covers a large part of the southeastern United States


First American Financial (FAF) announced an increase in its quarterly dividend of 4 cents, or 11%, to 42 cents per share.

The stock, which recorded a return of about 0.5% this year, yields 2.7%. The company's activities include title insurance, which plays on the housing market.

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