Nike, Wyndham, and 8 More Companies That Raised Their Stock Dividends This Week

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Wyndham Hotels raised its dividend this week.

Roger Kisby/Bloomberg

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Nike

were among the many U.S. companies that announced dividend increases this week.

Wyndham Hotels & Resorts (ticker:WH) declared a quarterly disbursement of 32 cents a share, up 33% from 24 cents—and back to pre-pandemic levels.

The New Jersey-based company franchises hotels globally, many focused on economy and midscale customers. The stock, which yields 1.5%, returned about 49% this year through Nov. 18, dividends included, compared with about 27% for the

S&P 500.

M&T Bank (MTB) plans to boost its quarterly payout by 9% to $1.20 a share from $1.10. The regional bank’s stock, which has returned about 28% this year, yields 3%.

Another regional bank,

KeyCorp

(KEY), said it will raise its quarterly dividend by a penny, or about 5%, to 19.5 cents a share. The stock, which yields 3.2%, has returned about 48% this year.

Lear

(LEA), an automotive supplier, said it will boost its regular quarterly cash dividend to 77 cents a share, up 54% from 50 cents. The company had suspended its dividend during the pandemic last year. It reinstated the dividend late last year at 25 cents a share, before increasing it to 50 cents this summer.

The stock yields 1%, and it has returned about 15% this year.

Nike (NKE) declared a quarterly disbursement of 30.5 cents a share. That’s an increase of 11%. The apparel and footwear maker’s stock, which yields 0.6%, has returned about 22% this year.

Insurer

Aflac

(AFL) said it will boost its quarterly dividend to 40 cents a share from 33 cents. That’s an increase of 21%.

The stock, which has returned about 29% this year, yields 2.9%.

HP

(HPQ) declared a quarterly payout of 25 cents a share, an increase of nearly 30%. The company’s products include printers. The stock has returned about 30% in 2021, and it yields 2.5%.

Motorola Solutions

(MSI) plans to boost its quarterly disbursement to 79 cents a share from 71 cents for an increase of about 11%. The stock, which has returned about 53%, yields 1.1%.

Brown-Forman

(BF.B) said it will raise its quarterly dividend to 18.85 cents a share from 17.95 cents. That’s a 5% hike. It marks the 38th straight year in which the company has increased its dividend.

The company’s board also declared a special dividend of $1 a share on its Class A and B stock. Brown-Forman’s brands include Jack Daniel’s Tennessee Whiskey. The stock has returned about minus 8% year to date, and it yields 1%.

Agilent Technologies

(A) said it will raise its quarterly dividend to 21 cents a share from 19.4 cents. That’s an 8% hike. The stock, which yields 0.5%, has returned about 38% this year.

Write to Lawrence C. Strauss at lawrence.strauss@barrons.com