Dividend Increases: XL, ABBV, RUTH, LO, ITT Friday, February 21, 1:22 PM ET
This morning, XL Group (XL) declared its quarterly dividend of 16 cents per share, an increase of about 14% over its prior dividend. Based on the current stock price, investors can expect a yield of about 2.2% going forward. Shares of XL Group were modestly higher today, climbing 0.5% so far.
Among dividend increases, AbbVie (NYSE:ABBV) announced its quarterly dividend of 42 cents per share, an increase of about 5% over its prior dividend. Ruth's Hospitality Group (RUTH) announced its quarterly dividend of 5 cents per share, an increase of 25% over its prior dividend. Lorillard (LO) announced its quarterly dividend of 61.5 cents per share, an increase of about 12% over its prior dividend. And ITT Corporation (NYSE:ITT) announced its quarterly dividend of 11 cents per share, an increase of 10%.
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