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Life Storage plans to increase its quarterly payment from 16 cents to $ 1 per share.
Business thread
Royalties pharmacy
,
Lifetime storage, and
Viatris
,
among other companies, rang in 2022 announcing dividend increases this week.
Royalty Pharma (ticker: RPRX) declared a quarterly dividend of 19 cents per share, up 12% from 17 cents. The stock, which returns 1.7%, posted a year-over-year return of around minus 18%, including dividends, at the close on Thursday. This compares to a return of 27% for the
S&P 500.
Life Storage (LSI), a real estate investment trust, said it plans to increase its quarterly disbursements 16% at $ 1 per share against 86 cents. This equates to an annualized dividend of $ 4 per share.
The stock, which has a one-year return of around 95%, returns 2.8%. The company owns and operates self-storage properties.
Viatris (VTRS), a global healthcare company, said it increase its quarterly distribution of a dime to 12 cents per share, an increase of 9% from 11 cents. The stock, which returns 3.3%, has a one-year return of around minus 20%.
Alamo Group
(ALG), whose products include sweepers and vacuum trucks, declared a quarterly dividend of 18 cents per share, compared to 14 cents. That is an increase of almost 30%.
The stock, which earns 0.5%, has a one-year return of around 6%.
OZK Bank (OZK) declared a quarterly dividend of 30 cents per share, up a dime or about 3.5%. The company is based in Little Rock, Ark.
The stock, which earns 2.4%, has a one-year return of around 50%.
In other news, the health conglomerate
Johnson & johnson
(JNJ) said it will maintain its quarterly dividend at $ 1.06 per share. The stock, which has a one-year return of 10%, is earning 2.4%.
Write to Lawrence C. Strauss at lawrence.strauss@barrons.com
