Sherwin-Williams Hikes Quarterly Dividend By 23.1%; Street Is Bullish
Sherwin-Williams raised its quarterly dividend by 23.1% to $1.65
per share. This marks the Ohio-based paint and coating
manufacturer's 43rd consecutive year of regular dividend increases.
Sherwin-Williams (SHW) said that the new dividend will be paid on
March 12, to shareholders of record as of March 1. Shares closed at
$721.40 on Feb. 17, up almost 2%. The company’s annual dividend of
$6.60 per share now reflects a dividend yield of 0.91%. The company
also announced the repurchase of an additional 15 million shares.
As of Dec. 31, 2020, Sherwin-Williams had 4.55 million shares
remaining under its existing share repurchase program. (See
Sherwin-Williams stock analysis on TipRanks) On Feb.