General Mills and Micron Raised Their Dividends. Banks Will Soon, Too.

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Common Mills

and

Micron Technological know-how

declared dividend improves this 7 days, and several massive banking companies introduced programs for their disbursements.

General Mills (ticker: GIS) said it ideas to enhance its quarterly dividend to 54 cents, up from 51 cents, for an boost of nearly 6%.

The stock, which yields 2.9%, has returned about 13.6% this yr via June 30, dividends provided, in comparison with minus 20% for the

S&P 500
.

M

icron Technological know-how

(MU) declared a quarterly disbursement of 11.5 cents a share, an boost of 15% from 10 cents. The semiconductor company’s stock, which has returned close to minus 40% this year, yields .8%.

In other places, some—but not all—of the most significant U.S. financial institutions have stated they intend to raise their dividends, while they did not formally declare improves. This adopted the previous spherical of fiscal strain exams administered by the Federal Reserve.

Wells Fargo

(WFC), for instance, claimed it expects to raise its 3rd-quarter dividend to 30 cents a share from 25 cents.

Lender of America

(BAC) claimed it ideas to enhance its quarterly payout to 22 cents a share, up approximately 5% from 21 cents. And

Goldman Sachs

(GS) claimed its funds strategy incorporates boosting the quarterly dividend to $2.50 a share from $2.

In contrast,

Citigroup

(C) reported it strategies to manage its quarterly dividend at 51 cents a share for the third quarter.

JPMorgan Chase

(JPM) reported it plans to maintain its quarterly dividend at $1 a share for the third quarter “in light-weight of greater long run money specifications.”

Publish to Lawrence C. Strauss at [email protected]