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Among the companies that announced an increase in their dividends over the past week, two railroad operators, a large consumer goods company and a developer of regional shopping centers.
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One of the railway companies, Norfolk Southern (NSC), declared a quarterly dividend of 80 cents a share, up from 72 cents previously, an increase of 11%. Its action yielded recently 1.9%. Its rail network covers part of the Midwest, Northeast and Southeast.
Union Pacific (UNP) announced plans to increase its quarterly distribution to 80 cents a share from 73 cents a share. This would be an increase of almost 10%. Its recent performance was 2.2%. Its railway network covers the western two-thirds of the United States
Kellogg (K), whose products include breakfast cereals and snacks, plans to increase its quarterly payment to 56 cents a share from 54 cents a gain of nearly 4%. Its recent performance was 3.2%.
The Simon Property Group (SPG) declared a quarterly dividend of $ 2 per share, up 1 nickel. This is a gain of 2.6%. Its yield was recently 4.4%.
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