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By Market News Video Staff, Tuesday, November 9, 11:44 AM ET
Cosmetics maker Estee Lauder (NYSE:EL) hiked its dividend by 36% today, to $0.75 per share from $0.55 per share.
The company said the dividend will be payable on December 15 to shareholders of record as of November 29.
Estee Lauder shares are trading down 1.6% Tuesday.
The stock is the #2 holding in the Rydex S&P Equal Weight Consumer Staples ETF (AMEX:RHS), at 2.8% of the portfolio. The fund is trading down 0.15% today, with Whole Foods (WFMI) as its top stock, at 2.9%.
Other top holdings include Walgreen (NYSE:WAG), Safeway (NYSE:SWY) and Reynolds American (NYSE:RAI).
This Article's Word Cloud:AMEXAmericanConsumerCosmeticsDecemberEqualEsteeFoodsLauderNYSENovemberOtherReynoldsRydexSafewayStaplesTuesdayWFMIWalgreenWeightWholecompanydividenddownfromfundhikedholdingholdingsincludemakerpayableportfoliorecordsaidshareshareholderssharesstocktodaytradingwillwith
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