Daily Dividend Report: BAC,SCHW,KMI,SWK,PAG
Thursday, July 22, 12:04 PM ET

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Bank of America today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.21 per share, up 17 percent from the prior quarter. The dividend is payable on September 24, 2021 to shareholders of record as of September 3, 2021.

The Board of Directors of Charles Schwab at its meeting today declared a regular quarterly cash dividend of $0.18 per common share. The dividend is payable August 27, 2021 to stockholders of record as of the close of business on August 13, 2021.

Kinder Morgan's board of directors today approved a cash dividend of $0.27 per share for the second quarter, $1.08 annualized, payable on August 16, 2021, to stockholders of record as of the close of business on August 2, 2021. This dividend represents a 3% increase over the second quarter of 2020.

Stanley Black & Decker announced today that its Board of Directors approved a $0.09, or 13%, increase of its quarterly cash dividend to $0.79 per common share. This marks the 54th consecutive annual dividend increase for the company. The dividend is payable on Tuesday, September 21, 2021 to shareholders of record as of the close of business on Tuesday, September 7, 2021.

Penske Automotive Group, a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has increased the Company's dividend by 2.3% to $0.45 per share. The dividend is payable September 1, 2021, to shareholders of record on August 10, 2021. "We are pleased to offer our shareholders another increase in the quarterly dividend," said Penske Automotive Group President, Robert H. Kurnick. "Our business achieved all-time record results for the six months ending June 30, 2021, and our cash flow remains strong." With this increase, the annualized dividend increases to $1.80 per share, representing a yield to our shareholders of more than 2% annually."

For MarketNewsVideo.com, I'm Sayoko Murase.