Caterpillar will increase its dividend by ten percent to 77 cents a share. That will be made to shareholders in August. The yield on its dividend is around three percent. Shares rose two percent to $88.48.
Apple Music, the streaming service the company announced this week is facing scrutiny in New York and Connecticut. The attorneys general of those states are investigating the negotiations Apple made with music companies while developing the service, to look for signs of potential antitrust violations. Despite that, shares rose one percent to $128.88.
Johnson Controls is exploring a sale of its automotive business. This could be a potentially huge shift in the auto industry’s supply chain. The company’s CEO explained the thought process behind the possible break up. Shares popped nearly four percent to $53.59.
Target is increasing its quarterly dividend to 56 cents a share and upping its share buyback program by $5 billion. The retailer accidentally revealed the news before it was official. Shares were up a fraction to $79.67.