Hess Rewards Stockholders With a 14.3% Quarterly Dividend Hike

Hess Corporation (HES) has announced that it received authorization from the board of directors to increase its regular quarterly dividend. The new dividend of 50 cents per share reflects an increase of 14.3% from the prior amount of 43.75 cents. The hiked dividend will be paid on Sept. 30 to common stockholders of record at the close of business on Sept. 16. Merger With Chevron to Boost Cash Returns Hess expects its shareholders to receive roughly four times higher quarterly dividends after its merger with ...