Daily Dividend Report: MMM, GILD, ALK, TWX, SYK, PSX, IR, RCL, CLX
Wednesday, February 8, 2:01 PM ET

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Gilead Sciences (NASDAQ:GILD) declared an increase of 10% in the company's quarterly cash dividend, beginning in the first quarter of 2017. The dividend increase will result in a quarterly dividend of $0.52 per share of common stock. The dividend is payable on March 30, 2017, to stockholders of record at the close of business on March 16, 2017.

Alaska Air Group (NYSE:ALK) declared a 9% increase in the quarterly dividend, from $0.275 per share to $0.30 per share. This is the fourth time the company has raised the dividend since initiating the quarterly dividend in July 2013, with a cumulative increase of 200% since that time.

Time Warner (TWX) announced that its Board of Directors declared a regular quarterly cash dividend of $0.4025 per share of Common Stock, payable in cash on March 15, 2017 to shareholders of record on February 28, 2017.

Stryker Corporation (NYSE:SYK) has declared a quarterly dividend of $0.425 per share payable on April 28, 2017 to shareholders of record at the close of business on March 31, 2017, representing an increase of 12% versus the prior year and unchanged from the previous quarter.

Phillips 66 (NYSE:PSX) has declared a quarterly dividend of 63 cents per share on Phillips 66 common stock. The dividend is payable on March 1, 2017, to shareholders of record as of the close of business on Feb. 21, 2017.

Ingersoll-Rand (NYSE:IR) declared a quarterly dividend of 40 cents per ordinary share, payable March 31, 2017, to shareholders of record on March 10, 2017.

Royal Caribbean Cruises (NYSE:RCL) declared a quarterly dividend of $0.48 per common share payable on April 5, 2017, to shareholders of record at the close of business on March 7, 2017.

The Clorox Company (NYSE:CLX) declared a quarterly dividend of 80 cents per share on the company's common stock, payable May 5, 2017, to stockholders of record as of the close of business on April 19, 2017.

For MarketNewsVideo.com, I'm Sayoko Murase.