Union Pacific and Other Companies That Raised Their Dividends This Week

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Union Pacific plans to raise its quarterly dividend.

David McNew/Getty Images

Idex, and

all declared dividend increases this week.

Omaha-based freight railroad company Union Pacific (ticker: UNP), which operates in 23 western states, plans to boost its quarterly dividend by 10% to $1.07 a share from 97 cents.

The stock, which yields 1.9%, had returned about 9% this year as of May 13, dividends included.

Idex

(IEX) declared a quarterly disbursement of 54 cents a share, up 8%, or 4 cents, from 50 cents. Shares of the company, based in Northbrook, Ill., yield about 1%, and have returned about 12% this year.

The company’s various products include equipment used for DNA testing, the Hurst Jaws of Life rescue tool, and clamps that hold automotive air bags in place.

The stock, which yields 1%, has returned about 12% this year.

Masco

(MAS), which makes building and home-improvement products, declared a quarterly payout of 23.5 cents a share, up from 14 cents. That’s an increase of nearly 70%.

The stock, which yields 1.5%, has returned about 16% in 2021.

Elsewhere, the retailer

Gap

(GPS) said its board of directors had authorized a fiscal second-quarter dividend of 12 cents a share and the resumption of its share buyback program.

The company, based in San Francisco, suspended its dividend for much of last year, owing to the pandemic and store closures. The stock, which has returned nearly 70% this year, yields about 1.4%.

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