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declared dividend increases this week, and various large banks announced plans for their disbursements.
General Mills (ticker: GIS) said it plans to boost its quarterly dividend to 54 cents, up from 51 cents, for an increase of nearly 6%.
The stock, which yields 2.9%, has returned about 13.6% this year through June 30, dividends included, compared with minus 20% for the
(MU) declared a quarterly disbursement of 11.5 cents a share, an increase of 15% from 10 cents. The semiconductor company’s stock, which has returned around minus 40% this year, yields 0.8%.
Elsewhere, some—but not all—of the largest U.S. banks have said they intend to raise their dividends, though they did not officially declare increases. This followed the last round of financial stress tests administered by the Federal Reserve.
Bank of America
(BAC) said it plans to boost its quarterly payout to 22 cents a share, up nearly 5% from 21 cents. And
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