This morning, Southcross Energy Partners (NYSE:SXE) declared its quarterly distribution of 40 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 8.8% going forward. Shares of SXE were higher on Friday, picking up 2.1% today.
In other dividend news, Sanderson Farms (NASDAQ:SAFM) maintained its quarterly dividend of 20 cents per share. KB Home (NYSE:KBH) maintained its quarterly dividend of 2.5 cents per share. And El Paso Electric (NYSE:EE) maintained its quarterly dividend of 26.5 cents per share.
Among dividend increases, Arthur J Gallagher & Company (NYSE:AJG) announced its quarterly dividend of 36 cents per share, an increase of about 3% over its prior dividend.
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