Sherwin Williams Raises Dividend to 71.5 Cents a Share

By Stephen Nakrosis

Sherwin-Williams on Wednesday said its board raised the company's quarterly dividend to 71.5 cents a share, an 18% increase over the previous dividend.

The new dividend will be payable on March 8 to shareholders of record on Feb. 26, the company said.

The new dividend, $2.86 on an annual basis, represents a dividend yield of about 0.93% based on the stock's closing price of $307.21 on Feb. 13.

In February of last year, the company raised its dividend to 60.5 cents from 60 cents.

The latest increase follows 45 consecutive years of dividend increases, Sherwin Williams said.

Write to Stephen Nakrosis at [e-mail]

(END) Dow Jones Newswires

02-14-24 1322ET