Anheuser-Busch (BUD) and Bank of America (BAC) announce double digit increases in their quarterly cash dividends.
Anheuser-Busch increased its quarterly dividend 11.9% to 33 cents per share versus 29.5 cents per share in the same period last year. The payout ratio, based on 2007 estimated earnings of $2.81, is 47%. Anheuser-Busch has an S&P Quality Ranking of A+.
Bank of America increased its dividend 14.3% to 64 cents per share versus 56 cents per share in the same period last year. The new dividend yield, based on today's closing stock price of $47.93, increases to 5.34%. The payout ratio increase to 52% based on 2007 estimated earnings of $4.92. BAC's S&P Quality Ranking is A.
Anheuser-Busch increased its quarterly dividend 11.9% to 33 cents per share versus 29.5 cents per share in the same period last year. The payout ratio, based on 2007 estimated earnings of $2.81, is 47%. Anheuser-Busch has an S&P Quality Ranking of A+.
Bank of America increased its dividend 14.3% to 64 cents per share versus 56 cents per share in the same period last year. The new dividend yield, based on today's closing stock price of $47.93, increases to 5.34%. The payout ratio increase to 52% based on 2007 estimated earnings of $4.92. BAC's S&P Quality Ranking is A.
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