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Showing posts from August, 2019

Capital City Bank Group hikes dividend by 18.2%

Eastgroup Properties hikes dividend by 4.2%

EastGroup Properties (EGP) will raise its quarterly dividend by 4.2 percent to $0.75 per share in 2019. Last year the real estate investment trust hiked its dividend by 12.5 percent. The next dividend is payable on October 15, 2019 to shareholders of record on September 30, 2019.  A new annual rate of $3.00 per share yields 2.4% at a stock price of $124.50. This dividend is the 159th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $3.00 per share. EastGroup has increased or maintained its dividend for 27 consecutive years. The company has increased it 24 years over that period, including increases in each of the last eight years. EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California an

Lam Research hikes dividend by 4.5%

Lam Research Corp (LRCX) will raise its quarterly dividend by 4.5 percent to $1.15 per share in 2019. This follows a 120.0 percent dividend hike by the semiconductor company last year. The next dividend will be paid on October 16, 2019 to holders of record on October 1, 2019. A new annual rate of $4.60 per share yields 2.2% at a stock price of $210. Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The company's products are used in a variety of electronic products, including mobile phones, personal computers, servers, wearables, automotive devices, storage devices, and networking equipment.  Lam's customer base includes leading semiconductor memory, foundry, and integrated device manufacturers that make products such as non-volatile memory, DRAM memory, and logic devices. Incorporated in 1980, Lam Research is headquartered in Fremont, California. The company has a network of facilities throughout Asia, Europe,

United Bancorp hikes dividend by 1.9%

Intuit hikes dividend by 12.8%

Intuit (INTU) will raise its quarterly dividend by 12.8 percent to $0.53 per share in 2019. This marks the 8th consecutive year of dividend increases for the technology company. The next dividend will be paid on October 18, 2019 to shareholders of record on October 10, 2019. A new annualized rate of $2.12 per share yields 0.8% at a stock price of $278. Intuit Inc. is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. Intuit's reportable segments are: Small Business & Self-Employed, Consumer and Strategic Partner. The company's products and platforms, including QuickBooks, TurboTax, Mint and Turbo, are designed to help customers better manage their money, reduce their debt and file their taxes with ease. Intuit has offices in the United States, Canada, India, the United Kingdom, Israel, Australia, and other locations. Intuit was incorporated in California in March 1984. The company was reincorporated in

BancFirst hikes dividend by 6.7%

BancFirst Corporation (BANF) will raise its quarterly dividend by 6.7 percent to $0.32 per share in 2019, marking the 26th consecutive year of annual dividend increases. Last year BANF hiked its dividend by 42.9 percent. The next dividend is payable October15, 2019, to shareholders of record on September 30, 2019. A new annualized dividend rate of $1.28 per share yields 2.4% at a stock price of $52.50. BancFirst Corporation is an Oklahoma based financial services holding company. The company's principal subsidiary bank, BancFirst, is Oklahoma's largest state-chartered bank.  It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support. BANF also owns 100% of BancFirst Insurance Services, Inc., an independent insurance agency, and 100% of Council Oak Partners LLC, an Oklahoma limited liability company engaged in investing activities.

Northrim BanCorp hikes dividend by 10%

Altria hikes dividend by 5%

Altria Group, Inc. (MO) will increase its quarterly dividend by 5.0 percent to $0.84 per common share in 2019. This marks the 50th consecutive year of annual dividend increases by the Dividend Aristocrat. The next dividend is payable on October 10, 2019, to shareholders of record as of September 16, 2019. The ex-dividend date is September 13, 2019. The new annualized dividend rate of $3.36 per common share represents a yield of 7.3% based on Altria’s closing stock price of $46.25 on August 21, 2019. “We are extremely proud of Altria’s fifty-year history of dividend growth,” said Howard Willard, Altria’s Chairman and Chief Executive Officer. “Over the past half century, Altria has demonstrated its steadfast commitment to rewarding shareholders despite numerous shifts in the tobacco landscape. Today, we remain focused on our shareholders as we lead the industry through a period of evolution.” Altria Group, Inc. is a holding company incorporated in the Commonwealth of Virginia in 19

Avnet hikes dividend by 5%

Avnet (AVT) will raise its quarterly dividend by 5.0 percent to $0.21 per share in 2019. The increase is in addition to Avnet's total dividend hike of 11.1 percent in 2018 and marks the 6th consecutive year of annual dividend increases. The next dividend will be paid on September 25, 2019, to shareholders of record as of the close of business on September 11, 2019. A new annual rate of 84 cents per share yields 2.0% at a stock price of $41.15. Avnet, Inc. is a technology solutions company. Avnet's two primary operating groups are Electronic Components (EC) and Farnell. Both have operations in the Americas, Europe, Middle East and Africa and Asia/Pacific. Electronic Components markets, sells and distributes electronic components including semiconductors, interconnect, passive and electromechanical components and other integrated components. EC serves a variety of markets ranging from automotive to medical to defense and aerospace. Farnell distributes kits, tools, electronic