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Daily Dividend Report: CMCSA, CNI, NSC, VLO, MMP
Wednesday, January 24, 4:40 PM ET

Comcast (NASDAQ:CMCSA) increased its dividend by 21% to $0.76 per share on an annualized basis. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of $0.19 a share on the company's common stock, payable on April 25, 2018 to shareholders of record as of the close of business on April 4, 2018.

CN (NYSE:CNI) has approved a 10 per cent increase in the 2018 dividend on the Company's common shares outstanding. A quarterly dividend of forty-five and a half cents (C$0.455) per common share will be paid on March 29, 2018, to shareholders of record at the close of business on March 8, 2018.

Norfolk Southern (NYSE:NSC) announced that its board of directors today approved an 18 percent increase in its quarterly dividend on the company's common stock, from 61 to 72 cents per share. The dividend is payable March 10, to shareholders of record on Feb 2.

Valero Energy (NYSE:VLO) has approved an increase in the company's regular quarterly cash dividend on common stock from $0.70 per share to $0.80 per share, effective with the quarterly dividend the Board has declared to be payable on March 6, 2018, to holders of record at the close of business on February 13, 2018. The increase in the dividend raises the annualized cash dividend rate on Valero's common stock to $3.20 per share.

Magellan Midstream Partners (NYSE:MMP) has increased the partnership's quarterly cash distribution to 92 cents per unit for the period Oct. 1 through Dec. 31, 2017, representing the 63rd distribution increase since its initial public offering in 2001. The new distribution, which equates to $3.68 per unit on an annualized basis, will be paid Feb. 14 to unitholders of record at the close of business on Feb. 6.

For MarketNewsVideo.com, I'm Sayoko Murase.

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