The board authorized a new payout of 95 cents per share, up from the previous rate of 94 cents. This adjustment brings the total annual dividend to $3.80 per share. Based on the stock's closing price of $66.52 on Thursday, the revised dividend offers an annual yield of approximately 5.71%.
The increased payment is scheduled for distribution on Oct. 15. Investors who are on the company’s books as of the record date on Sept. 30 will qualify for the higher payout.
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