2 Companies That Raised Their Dividends This Week

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Simon Property Group said it plans to maintain its quarterly dividend at $1.30 a share.

David Williams/Bloomberg

Insurance holding company Globe Life and media firm Tegna declared dividend increases this week.

Several other companies said they would maintain their payouts at current levels, but it was a fairly quiet week for official dividend announcements.

Globe Life

(ticker: GL), based in McKinney, Texas, plans to boost its quarterly disbursement on its common stock by a penny, or about 5%, to 19.75 cents a share.

The stock, which yields 0.8%, has a one-return of around 50%, dividends included. The company specializes in life and supplemental health insurance for middle-income customers in the U.S.


(TGNA), whose assets include television stations, said it plans to boost its annual dividend by about 36%. The quarterly dividend, payable on July 1 to stockholders of record at the close of business on June 4, will be 9.5 cents a share, up from 7 cents.

The stock, which yields 1.4%, has a one-year return of about 75%.

Several companies said they plan to keep their dividends at current levels.



(TJX) declared a quarterly dividend of 26 cents a share, the same amount as in the previous quarter. Due to the pandemic, the company suspended its dividend last year, but reinstated it in November at 26 cents a share—above the 23 cents a share it had been paying before the pandemic.

The stock, which has a one-year return of about 50%, yields 1.6%.


(MKC), which makes spices, seasoning mixes, and other related products, plans to keep its quarterly disbursement at 34 cents a share.

McCormick is a member of the

S&P 500

Dividend Aristocrats, all of which have paid out a higher dividend for at least 25 consecutive years.

The stock has a one-year return of about 25%, and it yields 1.5%.

Simon Property Group

(SPG) plans to maintain its quarterly dividend at $1.30 a share.

The Indianapolis-based company, which operates as a real estate investment trust, owns a lot of higher-end malls around the country.

It did slash its quarterly dividend during the pandemic last year from $2.10 a share to $1.30—but it has maintained it at that level since then. The stock, which yields 4.5%, has a one-year return of about 175%.

Write to Lawrence C. Strauss at lawrence.strauss@barrons.com