Packaging Corporation of America announced today that it intends to increase the quarterly cash dividend on its common stock to an annual payout of $3.16 per share from $2.52 per share, a 25% increase. The first quarterly dividend of $0.79 per share will be paid on July 13, 2018 to shareholders of record as of June 15, 2018. Future declaration of quarterly dividends and the establishment of future record and payment dates are subject to the final determination of PCA's Board of Directors.
The board of directors of Northrop Grumman declared a quarterly dividend of $1.20 per share on Northrop Grumman common stock, a 9 percent increase from the prior quarterly dividend of $1.10 per share. The dividend is payable June 20, 2018, to shareholders of record as of the close of business June 4, 2018.
Southwest Airlines announces that the Southwest Airlines Board of Directors, at its meeting held today, increased the Company's quarterly dividend by 28 percent and authorized a new $2.0 billion share repurchase program. The quarterly dividend will increase to $.16 per share from $.125 per share, beginning with the 167th consecutive quarterly dividend declared today to Shareholders of record at the close of business on June 6, 2018, on all shares then issued and outstanding. The dividend will be paid on June 27, 2018.
M&T Bank announced that it has declared a quarterly cash dividend of $.80 per share on its common stock. This represents an increase of $.05 per share, or 7%, from the previous $.75 per share dividend paid quarterly since March 2017. The dividend will be payable June 29, 2018 to shareholders of record at the close of business on June 1, 2018.
The Board of Directors of Zoetis has declared a third quarter 2018 dividend payable to holders of the company's common stock of $0.126 per share. The dividend is to be paid on Tuesday, Sept. 4, 2018, to holders of record on Friday, July 20, 2018.
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