Merck (NYSE:MRK) has approved a 15 percent increase to the company's quarterly dividend, raising it to $0.55 per share from $0.48 per share of the company's outstanding common stock. Payment will be made on Jan. 8, 2019, to shareholders of record at the close of business on Dec. 17, 2018.
Magellan Midstream Partners (NYSE:MMP) has increased the partnership's quarterly cash distribution to 97.75 cents per unit for the period July 1 through Sept. 30, 2018, representing the 66th distribution increase since its initial public offering in 2001. The third-quarter 2018 distribution is 8% higher than the third-quarter 2017 distribution of 90.5 cents per unit and represents a 2% increase over the second-quarter 2018 distribution of 95.75 cents. The new distribution, which equates to $3.91 per unit on an annualized basis, will be paid Nov. 14 to unitholders of record at the close of business on Nov. 7.
Bank of America declared a regular quarterly cash dividend on Bank of America common stock of $0.15 per share, payable on December 28 to shareholders of record as of December 7. The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on January 25, 2019 to shareholders of record as of January 11, 2019.
Comcast Corporation (NASDAQ:CMCSA) declared a quarterly dividend of $0.19 a share on the company's common stock. The quarterly dividend is payable on January 23, 2019 to shareholders of record as of the close of business on January 2, 2019.
Costco Wholesale Corporation (NASDAQ:COST) has declared a quarterly cash dividend on Costco common stock of 57 cents per share. The quarterly dividend is payable November 23, 2018, to shareholders of record at the close of business on November 9, 2018.
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