Libbey Raises Dividend By About 5%

Libbey Inc. said it raised its quarterly dividend by about 5% to 11.5 cents a share from 11 cents a share. The glass tableware maker said the new dividend will be payable March 15 to shareholders of record on March 1. Based on current stock prices, the new annual dividend implies as an annual dividend yield of 2.9%, compared with the aggregate S&P 500 dividend yield of 2.39%, according to FactSet. The stock, which edged up 0.1% in afternoon trade, has tumbled 37% over the past three months while the S&P 500 has lost 11%.