August 2023 Recap

UGI Mulls Separating Propane Business to Unlock Value, Potentially Causing Jump in Payout Ratio Dominion's Strategic Review Nears End; Firm Remains Committed to Dividend Despite Rising Payout Ratio Labor Inflation and Higher-for-Longer Interest Rates Delay Healthcare Realty's Payout Ratio Improvement Softening Furniture Demand Slows Leggett & Platt's Deleveraging; Free Cash Flow Still Covers Dividend Altria raises dividend by 4.3%, tracking with goal to achieve mid-single-digit payout growth through 2028 Capital Southwest raises dividend by 3.7% and declares $0.06 per share special dividend Illinois Tool Works increases dividend by 6.9%, extending streak of paying higher dividends every year since 1972 Main Street grows dividend by 2.2%, continuing an ongoing commitment to a strong payout Hercules raises dividend by 2.6% and declares $0.08 per share special dividend For questions or comments contact me at [email protected]