Posts by: battipagliaj
September 28, 2022 I Seattle, WA The board of directors of Starbucks Corp. (NASDAQ: SBUX) has declared a regular quarterly dividend of $0.53 per common share, an increase of approximately 8.2% from the previous quarterly dividend of $0.49. Year to date, this marks the twenty-fifth dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All twenty-five changes were increases. The average dividend increase was 7.83% compared with December 31, 2021 indicated levels. For a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend, please contact your financial advisor. From the press
Investors have done well to heed Marty Zweig’s advice “Don’t fight the Fed” since he published his 1970 book, Winning on Wall Street. The idea has generally stood the test of time. The most recent two major recessions and market declines, those in 2000-2002 and again in 2007-2008, were preceded by Federal Reserve (Fed) policy tightening. So too were the recessions and bear markets of 1973-1974, 1980-1982, and 1991-1992. The 1987 market crash was, likewise, preceded by rising rates. In each case, efforts by the Fed to rein in inflation via tighter monetary policy proved effective in fighting inflation, but
September 20, 2022 | Redmond, WA The board of directors of Microsoft Corp. (NASDAQ: MSFT) has declared a regular quarterly dividend of $0.68 per common share, an increase of approximately 10% from the previous quarterly dividend of $0.62. Year to date, this marks the twenty-fourth dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All twenty-four changes were increases. The average dividend increase was 7.82% compared with December 31, 2021 indicated levels. For a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend, please contact your financial advisor. From the press release:
August 5, 2022 | Glenview, IL The board of directors of Illinois Tool Works Inc. (NYSE: ITW) has declared a regular quarterly dividend of $1.31 per common share, an increase of approximately 7% from the previous quarterly dividend of $1.22. Year to date, this marks the twenty-third dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All twenty-three changes were increases. The average dividend increase was 7.74% compared with December 31, 2021 indicated levels. From the press release: “The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) authorized a seven percent increase to the dividend payout to shareholders, representing a quarterly
July 15, 2022 | Orrville, OH The board of directors of The J.M. Smucker Co. (NYSE: SJM) has declared a regular quarterly dividend of $1.02 per common share, an increase of approximately 3% from the previous quarterly dividend of $0.99. Year to date, this marks the twenty-second dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All twenty-two changes were increases. The average dividend increase was 7.75% compared with December 31, 2021 indicated levels. From the press release: “The J.M. Smucker Co. (NYSE: SJM) today announced its Board of Directors approved an increase in the quarterly dividend from $0.99 to $1.02 per common share, an increase of three
July 13, 2022 | Oakland, CA The board of directors of The Clorox Company (NYSE: CLX) has declared a regular quarterly dividend of $1.18 per common share, an increase of approximately 2% from the previous quarterly dividend of $1.16. Year to date, this marks the twenty-first dividend changes for the Washington Crossing Advisors Rising Dividend portfolio. All twenty-one changes were increases. The average dividend increase was 7.98% compared with December 31, 2021 indicated levels. From the press release: “The Clorox Company (NYSE: CLX) announced today that its board of directors has declared a 2% increase in the quarterly dividend, from $1.16 to $1.18 per share
July 13, 2022 | New York, NY The board of directors of Marsh McLennan (NYSE: MMC) has declared a regular quarterly dividend of $0.59 per common share, an increase of approximately 10.3% from the previous quarterly dividend of $0.535. Year to date, this marks the twentieth dividend announcement for the Washington Crossing Advisors Rising Dividend portfolio. All twenty changes were increases. The average dividend increase was 8.28% compared with December 31, 2021 indicated levels. From the press release: “The Board of Directors of Marsh McLennan (NYSE: MMC) today declared a10.3% increase in the quarterly dividend from $0.535 to $0.590 per share on outstanding common stock,
July 12, 2022 | Columbus, IN The board of directors of Cummins Inc. (NYSE: CMI) has declared a regular quarterly dividend of $1.57 per common share, an increase of approximately 8% from the previous quarterly dividend of $1.45. Year to date, this marks the nineteenth dividend announcement for the Washington Crossing Advisors Rising Dividend portfolio. All nineteen changes were increases. The average dividend increase was 8.17% compared with December 31, 2021 indicated levels. From the press release: “The Board of Directors of Cummins Inc. (NYSE: CMI) today approved an increase in the company’s quarterly cash dividend on common stock of approximately 8 percent to 1.57
As inflation surprises markets, we consider what this means to investors and what policymakers are likely to do.
June 9, 2022 | Minneapolis, MN The board of directors of Target Corporation (NYSE: TGT) has declared a regular quarterly dividend of $1.08 per common share, an increase of approximately 20% from the previous quarterly dividend of 90 cents. Year to date, this marks the eighteenth dividend announcement for the Washington Crossing Advisors Rising Dividend portfolio. All eighteen changes were increases. The average dividend increase was 8.18% compared with December 31, 2021 indicated levels. From the press release: “The board of directors of Target Corporation (NYSE: TGT) has declared a quarterly dividend of $1.08 per common share, a 20% increase from the prior quarterly dividend of 90 cents. The dividend
June 8, 2022 | Minnetonka, MN The Board of Directors of UnitedHealth Group has declared a regular quarterly dividend of $1.65 per common share, an increase of approximately 13.8% over the previous quarterly dividend. Year to date, this marks the seventeenth dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All seventeen changes were increases. The average dividend increase was 7.48% compared with December 31, 2021 indicated levels. From the press release: “UnitedHealth Group (NYSE: UNH) provided updates on its 2022 annual shareholder meeting and actions by its Board of Directors. Shareholders elected all those nominated to the Board:
May 26 | Dublin, Ireland The board of directors of Medtronic PLC (NYSE: MDT) has declared a regular quarterly dividend of $0.68 per common share, an increase of approximately 8% from the previous quarterly dividend of $0.63. Year to date, this marks the sixteenth dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All sixteen changes were increases. The average dividend increase was 7.09% compared with December 31, 2021 indicated levels. From the press release: “The company today announced that effective May 25, 2022, the Medtronic board of directors approved an increase in Medtronic’s cash dividend for the first quarter of fiscal year 2023, raising
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