Daily Dividend Report: WEC,KEY,FAST,ED,VLO
Friday, January 17, 12:22 PM ET

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KeyCorp announced today that its Board of Directors declared the following dividend for the first quarter of 2025. A cash dividend of $0.205 per share on the corporation's outstanding common shares. The dividend is payable on March 14, 2025, to holders of record of such Common Shares as of the close of business on March 4, 2025.

Fastenal reported its board of directors declared a dividend of $0.43 per share to be paid in cash on February 28, 2025 to shareholders of record at the close of business on January 31, 2025. We began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011.

Consolidated Edison declared a quarterly dividend of 85 cents a share on its common stock, payable March 14, 2025 to stockholders of record as of February 19, 2025, an annualized increase of 8 cents over the previous annualized dividend of $3.32 a share. "The 51st consecutive annual dividend increase for stockholders extends our record for the longest period of consecutive annual dividend increases of any utility in the S&P 500 index and reflects our continued emphasis on providing a return to our investors while delivering safe, reliable and resilient service to our customers during the clean energy transition," said Kirk Andrews, Con Edison's senior vice president and chief financial officer. The company continues to target a dividend payout ratio of between 55% and 65% of its adjusted earnings.

The Board of Directors of Valero Energy has approved an increase in the company's regular quarterly cash dividend on common stock from $1.07 per share to $1.13 per share. The dividend is payable on March 3, 2025 to holders of record at the close of business on January 30, 2025. The increase in the dividend raises the annualized cash dividend rate on Valero's common stock to $4.52 per share.

For MarketNewsVideo.com, I'm Sayoko Murase.