NEW YORK (
(CSX - Get Report)
joined a roster of companies raising their shareholder payouts in recent weeks.
On Friday, cigarette maker Reynolds American announced an increase of its quarterly dividend, as well as a two-for-one stock split. The stock split will be in the form a special 100% stock dividend, the company said, whereby shareholders of record on Nov. 1 will receive one additional share of RAI common stock for each share they own, to be issued on Nov. 15.
Reynolds' quarterly dividend will increase to 49 cents per share, from 45 cents per share, on a split-adjusted basis. On a presplit basis, the increase amounts to an 8.9% higher payout, payable Jan. 3, 2011 to shareholders of record on Dec. 10. That brings Reynolds' dividend yield to 3.3% as of the close of trading Thursday
Healthcare Services Group
, a provider of housekeeping and maintenance services to the healthcare industry, announced it raised its quarterly dividend by 1.1% to 23.25 cents per share. The new dividend will be paid Nov. 5 to shareholders of record on Oct. 22.
The increase came in conjunction with the release of Healthcare Services' third-quarter financial report, which included a 9% increase in revenue and 12% jump in year-over-year earnings. The increased dividend brings the company's current yield to 3.8%.
, a casket and cremation equipment maker, increased its shareholder payout by 14.3% to 8 cents per share. The higher dividend will be paid Nov. 8 to shareholders of record on Oct. 25.
Matthews' current dividend yield is 0.9%.