Financial Institutions (NASDAQ:FISI) approved a quarterly cash dividend of $0.22 per outstanding common share, which represents a 5% increase from the most recent quarterly cash dividend. The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. All dividends are payable January 2, 2018, to shareholders of record on December 14, 2017.
Northern Technologies International Corporation (NASDAQ:NTIC) initiated a quarterly cash dividend of $0.10 per share payable on December 21, 2017 to shareholders of record on December 8, 2017.
PepsiCo (NASDAQ:PEP) declared a quarterly dividend of $0.805 per share of PepsiCo common stock, a 7.0 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $3.22 per share from $3.01 per share, which began with the June 2017 payment. This dividend is payable on January 8, 2018 to shareholders of record at the close of business on December 1, 2017.
Genuine Parts Company (NYSE:GPC) declared a regular quarterly cash dividend of sixty-seven and one-half cents ($0.675) per share on the Company's common stock. The dividend is payable January 2, 2018 to shareholders of record December 8, 2017.
Westlake Chemical Corporation (NYSE:WLK) declared today a regular dividend distribution of $0.2100 per share. The dividend will be payable on December 11, 2017 to stockholders of record on November 27, 2017.
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