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Good morning!
It’s the first Monday of the month, and we’ve already got three dividend hikes lined up.
The best part?
They all beat inflation.
Let’s start with the biggest, a 20% increase from a stock that’s up nearly 900% over the past 12 months.
Western Digital Corporation ($WDC) Raises Dividend By 20%
Western Digital Corporation is one of the world’s largest manufacturers of hard disk drives and digital storage solutions. The stock has surged alongside the AI boom, with shares up more than 880% over the past year.
The company had suspended its dividend for several years before reinstating it in 2025.
Last week, it announced a 20% increase.
Western Digital Corporation will now pay a $0.15/share quarterly dividend.
Ex-dividend date: 6/5/26
Payout date: 6/17/26
Forward starting dividend yield: 0.14%
Paychex, Inc. ($PAYX) Raises Dividend By 10.2%
Paychex, Inc. provides human resources, payroll, and employee benefits services. The company works with over 800,000 clients, primarily small and medium-sized businesses, across the United States and Europe.
According to its website, “Paychex pays one out of every 11 American private-sector workers.”
The company recently announced a 10.2% dividend increase.
Paychex, Inc. will now pay a $1.19/share quarterly dividend.
Ex-dividend date: 5/13/26
Payout date: 5/29/26
Forward starting dividend yield: 5.14%
RTX Corporation ($RTX) Raises Dividend By 7.4%
Did you know Raytheon produced roughly 80% of all magnetrons used in Allied radar during World War II?
RTX Corporation is a defense conglomerate that includes Collins Aerospace, Pratt & Whitney, and Raytheon. Its businesses span aircraft engines, missiles, radar systems, and cybersecurity.
A couple of notable stats: an aircraft using RTX technology takes off every second, and about 50% of the world’s population is protected by RTX defense systems.
The company recently raised its dividend by 7.4%.
RTX Corporation will now pay a $0.73/share quarterly dividend.
Ex-dividend date: 5/22/26
Payout date: 6/11/26
Forward starting dividend yield: 1.66%
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Thanks for reading! Have a safe, profitable week investing.
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Disclaimer: This article is for entertainment purposes only. It is not financial advice, always do your own research.
