Daily Dividend Report: QCOM,CAT,IP,CMI,CMC
Wednesday, October 13, 12:14 PM ET

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Qualcomm today announced a quarterly cash dividend of $0.68 per common share, payable on December 16, 2021, to stockholders of record at the close of business on December 2, 2021.

The board of directors of Caterpillar voted today to maintain the quarterly dividend of one dollar and eleven cents per share of common stock, payable November 19, 2021, to shareholders of record at the close of business on October 25, 2021. Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933. With this dividend payment, Caterpillar will have paid higher annual dividends for 28 consecutive years and is recognized as a member of the S&P 500 Dividend Aristocrat Index.

International Paper today announced its board of directors has authorized a share repurchase program to acquire up to $2 billion of the company's common stock. The new authorization is in addition to $1.3 billion remaining as of the end of the third quarter from a previous repurchase authorization. The company's board of directors also decreased the quarterly common stock dividend by $0.05 per share or 9.8%, which brings the per share dividend to $1.85 annually. The dividend is being decreased by 9.8% from $0.5125 to $0.4625 per share for the period from October 1, 2021, to December 31, 2021, inclusive, on the company's common stock, par value $1.00. This dividend is payable on December 15, 2021, to holders of record at the close of business on November 15, 2021.

The Board of Directors of Cummins today declared a quarterly common stock cash dividend of 1.45 dollars per share, payable on December 2, 2021, to shareholders of record on November 19, 2021.

Commercial Metals today announced that its Board of Directors has authorized a common stock repurchase program of up to $350 million. This program will cancel and replace the Company's existing plan, which had $27 million remaining under its authorization as of August 31, 2021. CMC's Board of Directors also declared a regular quarterly cash dividend of $0.14 per share of CMC common stock, an increase of $0.02, or 17%, per CMC common share. CMC's 228th consecutive quarterly dividend will be paid on November 10, 2021 to stockholders of record as of the close of business on October 27, 2021.

For MarketNewsVideo.com, I'm Sayoko Murase.