Late Thursday, Tyco International (NYSE:TYC) declared its quarterly dividend of 16 cents per share, maintaining the amount paid to shareholders the prior quarter. Based on the current stock price, investors can expect a yield of about 1.7% going forward. Shares of Tyco International were higher on Friday, gaining 1.1% today.
In other dividend news, PetSmart (NASDAQ:PETM) maintained its quarterly dividend of 19.5 cents per share. And Essex Property Trust (NYSE:ESS) maintained its quarterly dividend of $1.21 per share.
Among dividend increases, Ecolab (NYSE:ECL) announced its quarterly dividend of 27.5 cents per share, an increase of about 20% over its prior dividend. And Eastman Chemical (NYSE:EMN) announced its quarterly dividend of 35 cents per share, an increase of about 17%.
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