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Daily Dividend Report: BBY, ROST, TMK, KRC, MO, DVN
Wednesday, March 1, 1:52 PM ET

Best Buy today announced that its Board of Directors approved a plan to return excess capital to shareholders as follows. A 21% increase in the regular quarterly dividend to $0.34 per share, effective immediately. The regular quarterly dividend will be payable on April 12, 2017 to shareholders of record as of the close of business on March 22, 2017.

Ross Stores Board of Directors approved an increase in the quarterly cash dividend to $.16 per share, up 19% on top of a 15% increase in the prior year. This higher quarterly dividend is payable on March 31, 2017 to stockholders of record as of March 10, 2017.

Torchmark announced that its Board of Directors has raised the quarterly dividend to $.15 per share on all of the outstanding common stock of the Company held of record as of the close of business of the Company's transfer agent on April 3, 2017. The dividend will be paid on May 1, 2017.

Kilroy Realty announced today that its board of directors declared a regular quarterly cash dividend of $0.375 per common share payable on April 12, 2017 to stockholders of record on March 31, 2017. The dividend is equivalent to an annual rate of $1.50 per share.

Altria Group today announced that its Board of Directors declared a regular quarterly dividend of $0.61 per common share, payable on April 10, 2017, to shareholders of record as of March 15, 2017. The ex-dividend date is March 13, 2017.

Devon Energy announced today that its board of directors has declared a quarterly cash dividend on Devon's common stock for the second quarter of 2017. The dividend is payable on June 30, 2017, at a rate of $0.06 per share based on a record date of June 15, 2017.

For MarketNewsVideo.com, I'm Sayoko Murase.

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Wednesday, March 1, 1:52 PM ET
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