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Here's What's New In The World Of Investing...
The Daily Dividend 6/2/25
Hopefully you had a great weekend! And in today’s dispatch, we have some exciting news. A hardware store is raising its dividend. A monthly water utility announces its latest distribution. And, an old Enron spin-off is hiking its payout.
Let’s start with the hardware store…
Lowe's Companies, Inc. ($LOW) Raises Dividend By 4.3%
Lowe's Companies, Inc. is a hardware store chain that has been in business for over 100 years. And, the firm has raised its dividend every year for more than 60 years.
Last week, the company announced its latest dividend raise, a 4.3% increase.
Lowe's Companies will now pay a quarterly dividend of $1.20/share.
Ex-dividend date: 7/23/2025
Payout date: 8/6/2025
Forward starting dividend yield: 2.13%
EOG Resources, Inc. ($EOG) Raises Dividend By 4.6%
Did you know that many of Enron’s spin-off companies are alive and well?
Case in point, EOG Resources, Inc. (“EOG” stands for “Enron Oil & Gas”) is raising its dividend. EOG Resources is an energy company that explores for, and produces, oil and natural gas.
The firm recently announced a 4.6% hike to its quarterly dividend and EOG Resources will now pay a $1.02/share distribution.
Ex-dividend date: 10/17/2025
Payout date: 10/31/2025
Forward starting dividend yield: 3.71%
Global Water Resources, Inc. ($GWRS) Declares $0.0253 Dividend
It’s always fun to shine a spotlight on lesser-known dividend stocks.
And Global Water Resources, Inc. is a water utility company that provides “blue gold” to Phoenix and Tucson, Arizona. The company also pays a monthly dividend, which is relatively rare in the utility sector.
Recently, Global Water Resources announced its upcoming payout, a $0.0253/share monthly dividend, in-line with previous distribution.
Ex-dividend date: 6/16/2025
Payout date: 6/30/2025
Forward starting dividend yield: 2.99%
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Thank you for reading and have a wonderful morning!