AbbVie is announcing today that its board of directors declared an increase in the company's quarterly cash dividend from $1.07 per share to $1.18 per share beginning with the dividend payable on February 14, 2020 to shareholders of record as of January 15, 2020. This reflects an increase of approximately 10.3 percent, continuing AbbVie's strong commitment to returning cash to shareholders through a growing dividend. Since the company's inception in 2013, AbbVie has increased its quarterly dividend by 195 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.
The Board of Directors of Westlake Chemical Partners, has adjusted its distribution growth strategy to reflect market conditions and today declared a distribution of $0.4646 per unit, representing a 1.5% increase from the second quarter 2019 distribution. This is the 21st quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on November 26, 2019, to unit holders of record on November 12, 2019.
American International Group, today announced that its Board of Directors declared a quarterly cash dividend of $0.32 per share on AIG Common Stock, par value $2.50 per share. The dividend is payable on December 26, 2019 to stockholders of record at the close of business on December 12, 2019.
The Board of Directors of Exelon declared a regular quarterly dividend of $0.3625 per share on Exelon's common stock. The dividend is payable on Tuesday, Dec. 10, 2019, to shareholders of record of Exelon Friday, Nov. 15, 2019.
Capital One Financial today announced a quarterly dividend of $0.40 per share payable November 22, 2019, to stockholders of record as of November 12, 2019. The company has announced dividends on its common stock every quarter since it became an independent company on February 28, 1995.
For MarketNewsVideo.com, I'm Sayoko Murase.