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The Board of Directors of Washington Trust Bancorp, today declared a quarterly dividend of $0.51 cents per share for the quarter ending June 30, 2019. The declaration represents a $0.04 per share increase over the most recent quarterly dividend rate. The dividend will be paid July 12, 2019 to shareholders of record on July 1, 2019.

The board of directors of Medtronic today approved an 8 percent increase in its quarterly cash dividend, raising the quarterly amount to $0.54 per ordinary share. This would translate into an annual amount of $2.16 per ordinary share, or a dividend per share payout ratio of 41 percent of prior fiscal year non-GAAP diluted earnings per share (EPS). Today's announcement marks the 42nd consecutive year of an increase in the dividend payment for Medtronic, a constituent of the S&P 500 Dividend Aristocrats index. Including today's increase, Medtronic's dividend per share has grown by 77 percent over the past 5 years and has grown at a 17 percent compounded annual growth rate over the past 42 years. The dividend is payable on July 25, 2019, to shareholders of record at the close of business on July 8, 2019.

The Board of Directors of Colgate-Palmolive today declared a quarterly cash dividend of $0.43 per common share, payable on August 15, 2019, to shareholders of record on July 18, 2019. The Company has paid uninterrupted dividends on its common stock since 1895.

The board of directors of AbbVie declared a quarterly cash dividend of $1.07 per share. The cash dividend is payable August 15, 2019 to stockholders of record at the close of business on July 15, 2019. Since the company's inception in 2013, AbbVie has increased its dividend by 168 percent. AbbVie is a member of the S&P Dividend Aristocrats Index, which tracks companies that have annually increased their dividend for at least 25 consecutive years.

UDR, a leading multifamily real estate investment trust, today announced that its Board of Directors declared a regular quarterly dividend on its common stock for the second quarter of 2019 in the amount of $0.3425 per share, payable in cash, on July 31, 2019 to UDR common stock shareholders of record as of July 10, 2019. The July 31st dividend will be the 187th consecutive quarterly dividend paid by the Company on its common stock.

For MarketNewsVideo.com, I'm Sayoko Murase.