First United, Fifth Third and McDonald's Declare Dividend Hikes

Zacks Investment Research··US·Read original
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Summary · why it matters

First United Corporation, Fifth Third Bancorp and McDonald's Corporation are the three dividend stocks in focus after each declared a dividend hike. First United Corporation announced on Sept. 23 that shareholders would receive a dividend of $0.28 a share on Nov. 2, giving FUNC a dividend yield of 2.43% and a payout ratio of 24% of earnings. Fifth Third Bancorp declared on Sept. 17 a dividend of $0.42 a share payable Oct. 15, with FITB carrying a dividend yield of 3.10% and a payout ratio of 41% of earnings. McDonald's announced on Sept. 17 a dividend of $1.93 a share payable Dec. 15, with MCD showing a dividend yield of 3.12% and a payout ratio of 59% of earnings. The dividend declarations come as Wall Street remains volatile, with the Federal Reserve having raised interest rates by a quarter percentage point to a target range of 3.75% to 4% and signaling more hikes could follow as inflation persists.

Impact on assets 5

Financials▲ · 2 stocks
Fifth Third Bancorp
FITB
▲ PositiveCapitalrelevance

Fifth Third declared a dividend hike to $0.42 a share, a shareholder-return event.

Consumer Discretionary▲ · 1 stocks
Others▲ · 2 stocks