Wells Fargo & Company (WFC) announced a quarterly common stock dividend of $0.45 per share, payable March 1, 2019 to stockholders of record on Feb. 1, 2019. The first-quarter dividend represents an increase of $0.02 per share, or 5 percent, from the prior quarter.
Magellan Midstream Partners, L.P. (MMP) has increased the partnership's quarterly cash distribution to 99.75 cents per unit for the period Oct. 1 through Dec. 31, 2018. The fourth-quarter 2018 distribution is 8% higher than the fourth-quarter 2017 distribution of 92 cents per unit and represents a 2% increase over the third-quarter 2018 distribution of 97.75 cents. The new distribution, which equates to $3.99 per unit on an annualized basis, will be paid Feb. 14 to unitholders of record at the close of business on Feb. 7.
Western Gas Partners, LP (WES) declared a quarterly cash distribution of $0.980 per unit for the fourth quarter of 2018, resulting in a full-year 2018 distribution increase of 7-percent over the full-year 2017. This distribution represents a 2-percent increase over the prior quarter and a 7-percent increase over the fourth quarter of 2017. WES's fourth quarter 2018 distribution is payable on February 13, 2019, to unitholders of record at the close of business on February 1, 2019.
BD (Becton, Dickinson and Company) (BDX) has declared a quarterly dividend of $0.77 per common share, payable on March 29, 2019 to holders of record on March 8, 2019. The indicated annual dividend rate is $3.08 per share.
The J. M. Smucker Company (SJM) has approved an $0.85 per share dividend on the common shares of the Company. The dividend will be paid on Friday, March 1, 2019, to shareholders of record at the close of business on Friday, February 15, 2019.
For MarketNewsVideo.com, I'm Sayoko Murase.