Annaly, Casey's, and Target Boost Dividends Across Yield and Growth Spectrum

Earnings
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Summary · why it matters

Annaly Capital Management, Casey's General Stores, and Target each announced dividend increases, offering investors choices from high current yields to rapid payout growth. Annaly, a mortgage REIT, raised its quarterly dividend by 7%, pushing its indicated yield near 13.5%, with the next payment due July 31 to shareholders of record as of June 30. Casey's, a convenience store chain, lifted its dividend by 14%, marking the fourth consecutive year of increases of 13% or more, though its yield remains near 0.3% due to a surging share price; the next dividend is payable August 14 to holders of record as of the August 1 close. Target, the big-box retailer, increased its quarterly payout by just under 2% to $1.16, extending its streak of annual increases to 54 years, with a yield near 3.5% and the next dividend payable September 1 to shareholders of record as of the August 12 close.

Impact on stocks 3

Consumer Staples · 2 stocks
Caseys General Stores Inc
CASY
▲ PositiveCapitalrelevance

Casey's raised its dividend by 14%, marking the fourth consecutive year of increases of 13% or more.

Target Corporation
TGT
▲ PositiveCapitalrelevance

Target increased its quarterly payout by just under 2% to $1.16, extending its streak of annual increases to 54 years.

Financials · 1 stocks