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3 Long-Term Payers Declare Dividends

Three long-term dividend payers declared quarterly dividends on Monday.

Shares of Fortune Brands Home & Security Inc. (NYSE:FBHS) were unchanged at $53.19 in after-hours trading on Monday after the company announced a quarterly dividend of 22 cents per share, which was in line with the previous distribution.

On Dec. 18, the company, which manufactures home fixtures and hardware, will pay the dividend to shareholders of record as of Nov. 29. The ex-dividend date is Nov. 27.

Shares of American Express Co. (NYSE:AXP) jumped 1.23% to close at $118.24 on Monday after the company announced a 10.3% hike in the quarterly dividend to 43 cents per common share.

The dividend will be paid on Nov. 8 to shareholders of record as of Oct. 4. The ex-dividend date is scheduled for Oct. 3.

Based on Monday's closing price, the payment produces a forward dividend yield of 1.34%, versus the industry median of 3.32% and the S&P 500 index yield of 1.87%.

The New York-based financial services company has continuously paid quarterly dividends since Feb. 10, 1986.

The trailing 12-month dividend per share averaged a 2.7% increase per year over the last five years.

The stock has climbed 24% year to date, outperforming the S&P 500 Index by nearly 5%. The 52-week range is $89.05 to $129.34. The market capitalization is $98.10 billion, the price-earnings ratio is 14.65, the price-book ratio is 4.34 and the price-sales ratio is 3.37.

According to the Peter Lynch chart, the stock is expensive.

Wall Street issued an overweight recommendation rating with an average target price of $133.17 per share of American Express.

Shares of Pathfinder Bancorp Inc. (NASDAQ:PBHC) advanced 2.52% to close at $13.84 on Monday after the company announced a quarterly dividend of 6 cents per common share, which was in line with the previous payment.

On Nov. 8, the company will pay the dividend to shareholders of record as of Oct. 18. The ex-dividend date is Oct. 17.

Based on Monday's closing price, the distribution produces a forward dividend yield of 1.78%, compared to the industry median of 3.18% and the S&P 500 Index's yield of 1.87%.

Headquartered in Oswego, New York, the provider of banking and financial products and services has paid quarterly dividends since Jan. 15, 1997.

The trailing 12-month dividend per share averaged 1.7% rise every year over the last five years.

The stock has fallen 11.6% year to date, underperforming the Nasdaq index by nearly 34%. The 52-week range is $12.55 to $16.25.

The company has a market capitalization of $65.15 million, a price-earnings ratio of 19.22, a price-book ratio of 0.69 and a price-sales ratio of 1.97.

Based on the Peter Lynch chart, the stock appears to be expensive.

Wall Street has not rated Pathfinder Bancorp.

Disclosure: I have no positions in any securities mentioned.

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This article first appeared on GuruFocus.