On October 7, 2020, McDonald's Board of Directors declared a quarterly cash dividend of $1.29 per share of common stock payable on December 15, 2020 to shareholders of record at the close of business on December 1, 2020. This represents a 3% increase over the Company's previous quarterly dividend. While current year business results have been impacted by the COVID-19 pandemic, the pace of recovery paired with the Company's strong financial position support this increase to the dividend while still giving the Company the ability to invest in the business. McDonald's has a strong history of returning capital to its shareholders and has raised its dividend for over 40 years consecutively since paying its first dividend in 1976. The new quarterly dividend of $1.29 per share is equivalent to $5.16 annually.
Bassett Furniture Industries announced today that its Board of Directors has declared a regular quarterly dividend of $0.125 per share of common stock, payable on November 27, 2020 to shareholders of record at the close of business on November 13, 2020.
CVS Health today announced that its board of directors has approved a quarterly dividend of $0.50 per share on the corporation's common stock. The dividend is payable on November 2, 2020, to holders of record on October 22, 2020.
The Board of Directors of Zoetis has declared a fourth quarter 2020 dividend payable to holders of the company's common stock of $0.20 per share. The dividend is to be paid on Tuesday, Dec. 1, 2020, to holders of record on Wednesday, Oct. 21, 2020.
The Board of Directors of Trane Technologies, a global climate innovator, declared a quarterly dividend of $0.53 cents per ordinary share, payable December 31, 2020, to shareholders of record on December 4, 2020. Trane Technologies has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910.
For MarketNewsVideo.com, I'm Sayoko Murase.