Friday Dividend Roundup (MCD, TXN, COV, LII, AGX, YUM, CAG)

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By Trey Thoelcke Published
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McDonald’s Corp.’s (NYSE: MCD) board of directors approved a 10% increase in the company’s quarterly dividend on common stock, to 77 cents a share. The new dividend is payable Dec. 17 to stockholders of record as of Dec. 3.

Texas Instruments’ Inc. (NASDAQ: TXN) board approved plans to lift its quarterly dividend to 21 cents a share. That is a 24% increase from the current quarterly payout, and marks the ninth-straight year in which the company has hiked its dividend. The new dividend will be payable Nov. 19 to holders of record as of Oct. 31.

The board of Covidien PLC (NYSE: COV) okayed a 16% increase in the quarterly dividend paid on the company’s ordinary shares, to 26 cents a share. That dividend is payable Nov. 5 to holders of record as of Oct. 11.

Lennox International Inc.’s (NYSE: LII) board approved an 11% hike in the company’s quarterly dividend to 20 cents a share. It is payable Oct. 15 to holders of record as of Oct. 4.

And for the second time in a year, Argan Inc. (NYSEMKT: AGX) declared a special dividend, this one in the amount of 60 cents per common share. It is payable Nov. 7 to holders of record as of Oct. 11.

Yesterday, Yum! Brands Inc. (NYSE: YUM) boosted its quarterly dividend by 18% and ConAgra Foods Inc. (NYSE: CAG) lifted its dividend by penny per share.

In premarket trading, McDonald’s is up 0.1% to $93.25 per share, Texas Instruments is up 0.1% to $28.89 and Coviden is down 0.4% to $59.35.

Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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