Holly Energy Partners has declared a cash distribution of $0.575 per unit for the first quarter of 2016, a 7.0% increase compared to the $0.5375 per unit distribution declared for the first quarter of 2015. Today's distribution, reflective of the company's strong and stable cash generation, represents an acceleration in year over year distribution growth and progress towards Holly Energy's 8% distribution growth target. Holly Energy has increased its distribution to unitholders every quarter since becoming a publicly-traded partnership in July 2004, with today's distribution marking the forty-sixth consecutive quarterly distribution increase. The distribution will be paid on May 13, 2016 to unitholders of record on May 2, 2016.
Enbridge has declared a quarterly dividend of $0.53 per common share, payable on June 1, 2016 to shareholders of record on May 16, 2016. The amount of the dividend is consistent with the March 1, 2016 dividend.
American Water Works Company announced today that its Board of Directors increased its quarterly cash dividend payment from 34 cents to 37.5 cents per share, an approximate 10 percent increase. The company has increased its dividend every year since its IPO in April 2008, and this increase represents the fourth consecutive year of double-digit dividend increases. The increased dividend will be payable on June 1, 2016 to all shareholders of record as of May 9, 2016.
Bank of Hawaii Corporation declared a quarterly cash dividend of $0.48 per share on the outstanding shares, an increase of $0.03 per share from the $0.45 per share dividend declared in the prior quarter. The dividend will be payable on June 14, 2016 to shareholders of record at the close of business on May 31, 2016.
Honeywell has declared a regular quarterly dividend of $0.5950 per share on the company's outstanding common stock. The dividend is payable on June 10, 2016 to shareowners of record at the close of business on May 19, 2016.
The J. M. Smucker Company today announced that the Board of Directors has declared a $0.67 per share dividend on the common shares of the Company to be paid on Wednesday, June 1, 2016, to shareholders of record at the close of business on Friday, May 13, 2016.
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