NEW YORK ( TheStreet) -- Tiffany ( TIF), Clorox ( CLX) and FedEx ( FDX) were among the consumer stocks to raise their dividends in recent weeks.
Best Buy ( BBY) raised its dividend by 7% to 16 cents a share, the electronics retailer said Ton June 21. Its board also approved a plan to buy back $5 billion in common shares. The higher dividend will be paid on Oct 25 to shareholders of record on Oct. 4. Pet supply retailer PetSmart ( PETM) increased its dividend by 12% to 14 cents a share. The higher payout will be available on Aug. 12 to shareholders of record at the close of business on July 29. PetSmart also announced a new $450 million share repurchase program, commencing on Aug. 1 and continuing until January 2013. Book publisher John Wiley & Sons ( JW.A) announced on June 16 that it raised its quarterly dividend by 4 cents a share to 20 cents. The new dividend is payable on July 14, to shareholders of record as of July 5. The increase followed John Wiley's 2% uptick in fiscal fourth-quarter earnings, which came with a 2% rise in revenue as well. Host Hotels & Resorts ( HST), a lodging real estate investment trust, raised its shareholder payout by 200% this month, to 3 cents a share from a penny a share.
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