The board of directors of AT&T, Kroger, Matson, Pfizer, and Edison International have all recently declared dividends for the third quarter of 2024. AT&T announced a quarterly dividend of $0.2775 per share on its common shares, payable on August 1, 2024. Kroger’s Board of Directors approved a dividend increase from $1.16 to $1.28 per year, with the next quarterly dividend of 32 cents per share to be paid on September 1, 2024. Matson declared a third quarter dividend of $0.34 per common share, representing a 6.3% increase over the previous quarter. Pfizer announced a $0.42 third-quarter 2024 dividend on its common stock, payable September 3, 2024.
Kroger’s quarterly dividend has shown consistent growth since it was reinstated in 2006, with this marking the 18th consecutive year of dividend increases. The company’s strong operating results and free cash flow have enabled it to return value to shareholders while investing in business growth. The dividend increase reflects the confidence of the Board of Directors in Kroger’s diverse model and ability to generate strong financial results. Kroger’s Chairman and CEO, Rodney McMullen, highlighted the strength of the company’s financial performance in the decision to increase the dividend.
Matson, a leading U.S. carrier in the Pacific, announced a 6.3% increase in its third quarter dividend, payable on September 5, 2024. This marks the twelfth consecutive annual increase to Matson’s quarterly dividend and reflects the company’s commitment to returning value to shareholders. Matson’s Chairman and CEO, Matt Cox, expressed confidence in the company’s financial health and outlook in announcing the dividend increase. Pfizer, on the other hand, declared a $0.42 dividend for the third quarter of 2024, continuing its streak of 343 consecutive quarterly dividends paid by the company.
Edison International also declared a quarterly common stock dividend of $0.78 per share, payable on July 31, 2024, to shareholders of record on July 8, 2024. The dividend announcement reflects the company’s ongoing commitment to returning value to its shareholders. As these companies continue to generate strong operating results and free cash flow, they are able to provide consistent and increasing dividends to shareholders. The dividend announcements demonstrate the financial strength and stability of these companies, as well as their commitment to providing value to investors.
