Aerospace Company Grows Dividend 15 Cents Per Share

Hello and welcome to Dividend Brief, the 2 times weekly newsletter focused on dividend investing.

Today we will look into Walmart, Coca-Cola, and 3M, highlight a few dividend stocks worth watching, and share companies that are about to pay a dividend in the next few days.

Retail

Sam’s Club Unveils High-Tech Future with All-Digital Store

Sam’s Club is set to unveil its first all-digital store, offering a glimpse of its tech-forward future. This Dallas-area location, reopening in mid-October, will feature no traditional checkout lanes. Instead, shoppers will use a Scan & Go smartphone app to complete their purchases as they browse the store. In place of registers, the store will showcase items available exclusively online, such as seasonal decorations and home furnishings, which customers can purchase through QR codes.

The store will also dedicate more space to fulfilling e-commerce orders, with room for curbside pickups and deliveries. Sam’s Club is positioning this store as a testing ground for its latest innovations, including a pizza-making robot and a new system for food order pickups.

The club's digital-first approach is part of its broader effort to enhance convenience and streamline shopping, appealing to a tech-savvy customer base. As part of this strategy, the retailer aims to attract younger shoppers while refining its systems for a seamless shopping experience. The Dallas store reflects Sam’s Club’s ongoing focus on innovation as it expands its presence and offerings in the competitive warehouse club market.

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Consumer

Coca-Cola Teams Up with Bacardi for New Canned Rum and Coke

Coca-Cola is making a significant move in the rapidly expanding canned cocktail market by launching a ready-to-drink rum and coke in partnership with Bacardi Limited. The companies announced that the drink will debut in several international markets, starting with Mexico and select European countries in 2025, with a potential U.S. launch also under consideration.

This initiative comes as the canned cocktail segment experiences remarkable growth. In 2023, premixed cocktails emerged as the fastest-growing spirits category in the U.S., achieving a revenue increase of 26.7% to $2.8 billion, according to industry reports. The overall spirits market has outperformed wine and beer for two consecutive years, with vodka generating the highest revenue among spirits, totaling approximately $7.2 billion.

Coca-Cola has previously entered the premixed cocktail space, collaborating with Molson Coors for Topo Chico Hard Seltzer and launching canned Jack and Coke in partnership with Brown-Forman in 2023. The company’s strategy aligns with its goal of becoming a total beverage provider, including expanding its presence in the ready-to-drink alcohol sector. Despite challenges faced by some categories, such as hard seltzers, the market is expected to grow steadily in the coming years.

Tech

3M Achieves Validation for Emission Reduction Goals Aligned with Climate Science

3M has announced that its near-term emissions reduction targets have received validation from the Science Based Targets initiative (SBTi), confirming they align with the 1.5°C trajectory outlined in the Paris Agreement. This recognition highlights 3M's dedication to climate action, emphasizing its commitment to decarbonizing its operations and product portfolio.

The company has a long-standing history of reducing greenhouse gas emissions, with its current targets reflecting years of effort and collaboration among its workforce. These targets include a 52.6% reduction in absolute scope 1 and scope 2 emissions by 2030, based on a 2019 baseline, and a 42% reduction in absolute scope 3 emissions by 2030 from a 2021 baseline.

3M's focus extends beyond internal emissions; it also aims to support its customers in achieving their sustainability objectives. With a portfolio spanning various industries—including automotive, energy, and consumer goods—3M is addressing the complex challenges of measuring and managing emissions throughout the supply chain. The validation of its first scope 3 target marks a significant step in its journey toward enhancing its environmental impact and contributing to a low-carbon economy.

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Lockheed Martin (LMT) increased its dividend payout to $3.30 per share, an increase of 4.8%. Its new forward yield is 2.2%.

Texas Instruments (TI) increased its dividend payout to $1.36 per share, an increase of 5%. Its new forward yield is 2.7%.

Arrow Financial (AROW) increased its dividend payout to 28 cents per share, an increase of 5%. Its new forward yield is 3.7%.

Coca-Cola FEMSA (KOF) decreased its dividend payout to 78 cents per share, a cut of 6.2%. Its new forward yield is 2.6%

Freeport-McMoRan (FCX) decreased its dividend payout to 7.5 cents per share, a cut of 50%. Its new forward yield is 0.62%

Hormel Foods (HRL) decreased its dividend payout to 28 cents per share, a cut of 0.18%. Its new forward yield is 3.6%