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Showing posts from November, 2019

York Water hikes dividend by 4%

The York Water Company (YORW) will raise its quarterly dividend by another 4.0 percent to $0.1802 per share in the fourth quarter of 2019. This marks the 23rd consecutive year of annual dividend increases by the water utility. The next dividend is payable January 15, 2020 to shareholders as of record date December 31, 2019. A new annual rate of 72.08 cents per share yields 1.6% at a stock price of 44.33. This is the 596th consecutive dividend to be paid by The York Water Company and is the twenty-third consecutive year that the Company has increased its dividend. York Water, which is the oldest publicly traded company in the nation, has never missed a dividend in over 200 years. This is believed to be the longest record of consecutive dividends in America. The York Water Company is an investor-owned water utility, impounding, purifying and distributing water. The company provides its customers within York and Adams Counties (Pennsylvania) with water, wastewater, and related servi...

Fulton Financial pays special dividend

Fulton Financial (FULT) will pay a special dividend of $0.04 per share in 2019. The company pays a regular quarterly dividend of 13 cents per share. Fulton Financial Corporation is the bank holding company of Fulton Bank N.A. The Company's subsidiary bank offers a range of consumer and commercial banking products and services. It also offers investment management, trust, brokerage, insurance and investment advisory services to consumer and commercial banking customers.

Dividend Aristocrat Becton Dickinson raises dividend for 48th year

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BDX is a Dividend Aristocrat © dividendtrackrecords.com Dividend Aristocrat Becton Dickinson (BDX) will raise its 2019 quarterly dividend to $0.79 per share. This marks the 48th consecutive year of dividend increases for the medical technology company.

Stock Yards Bancorp hikes dividend by 3.8%

Stock Yards Bancorp (SYBT) will raise its quarterly dividend by another 3.8 percent to $0.27 per share in 2019. This brings the total dividend increase announced in 2019 to 8.0 percent. The next dividend will be paid on December 31, 2019, to stockholders of record as of December 16, 2019. A new annual rate of $1.08 per share yields 2.7% at a stock price of $40.65. Commenting on the announcement, James A (Ja) Hillebrand, Chairman and Chief Executive Officer, said, “We are pleased to announce another increase in our dividend rate as part of our continued efforts to maximize returns for our investors. The strength of the Company’s financial performance and its solid capital position makes this pattern of dividend growth possible, while we remain well positioned to capitalize on opportunities as they arise. With today’s announcement, Stock Yards Bancorp has now raised its quarterly dividend rate a total of 12 times since 2013, including two increases during 2019 and each of the previou...

United Bancorp hikes dividend by 1.8%

Spire hikes dividend by 5.1%

Spire Inc. (SR) will raise its quarterly dividend by 5.1 percent to 0.6225 per share. The year 2019 will mark the 17th consecutive year that the dividend has increased. Last year the company formerly known as Laclede hiked its dividend by 5.3 percent. The next dividend is payable January 3, 2020, to shareholders of record on December 11, 2019. The new annualized dividend rate of $2.49 per share yields 3.3% at at stock price of $76. Spire Inc., formerly The Laclede Group, operates gas utilities serving Alabama, Mississippi and Missouri. The company’s non-utility operations include Spire Marketing, which provides natural gas marketing and related services. The gas utility segment includes the regulated operations of Laclede Gas Company, Alabama Gas Corporation and EnergySouth, Inc. Laclede Gas is engaged in the purchase, retail distribution and sale of natural gas, serving residential, commercial and industrial customers. The company has continuously paid a cash dividend since 1946.

Dividend Aristocrat Brown-Forman raises dividend for 36th consecutive year

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Jack Daniel's & Coca-Cola © dividendtrackrecords.com Dividend Aristocrat Brown-Forman Corporation (BFB) will raise its quarterly dividend by 5% to a new annual rate of $0.6972 per share. This marks the 36th consecutive year of dividend increases by the Jack Daniel's maker.

Four Corners Property Trust hikes dividend by 6.1%

Four Corners Property Trust (FCPT) will raise its quarterly dividend by 6.1 percent to $0.3050 per share in 2020. This follows a 4.5 percent dividend hike announced by the REIT last year. The next dividend is payable on January 15, 2020 to shareholders of record as of January 3, 2020. A new annualized dividend rate of $1.22 per share yields 4.4% at a stock price of $27.80. Four Corners Property Trust, Inc., headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. FCPT will seek to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and related food services industry.

Investors Title pays special dividend

Investors Title (ITIC) will pay a special dividend of $8.00 per share in 2019. Last year the insurer paid a $10.60 per share special dividend. The regular quarterly dividend is 40 cents per share. The special dividend will be paid December 16, 2019 to shareholders of record on December 2, 2019. The special dividend yields 4.9% at a stock price of $164. “The special dividend is a reflection of the Company’s recent results, strong financial position, and our confidence in the Company’s financial future. Returning capital to shareholders in this manner allows us to maintain our conservative capital structure and preserve the financial flexibility to grow our business, while allowing for ongoing dividend payments and opportunistic share repurchases,” said J. Allen Fine, Chairman of the Board of Investors Title Company. Investors Title Company is engaged in the business of issuing and underwriting title insurance policies. The Company also provides services in connection with tax-...

HP Inc hikes dividend by 10%

HP Inc. (HPQ) will raise its quarterly dividend by 10.0 percent to $0.1762 per share in 2019. This will mark the 9th consecutive year of dividend increases by the computer hardware maker. The next dividend is payable on January 2, 2020, to stockholders of record as of the close of business on December 11, 2019. The new annualized dividend rate of $0.7048 per share yields 3.5% at a stock price of $20.18. HP Inc. is a provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The company sells to individual consumers, small- and medium-sized businesses (“SMBs”) and large enterprises, including customers in the government, health and education sectors. The original HP was incorporated in 1947 under the laws of the state of California as the successor to a partnership founded in 1939 by William R. Hewlett and David Packard. The company went public on November 6, 1957.

RLI Corp pays special dividend

RLI Corp. (RLI) will pay a $1.00 per share special dividend in the fourth quarter of 2019. This matches last year's $1.00 special dividend. Earlier this year RLI raised its quarterly dividend by 4.5 percent to $0.23 per share. Both dividends, regular and special for a total amount of $1.23 per share, are payable on December 20, 2019, to shareholders of record as of November 29, 2019. The company's regular dividend rate yields 0.9% at a stock price of $97.56. “As a result of our strong underwriting and financial performance in 2019, we are pleased to share the rewards of our success through a special dividend,” said RLI Chairman & CEO Jonathan E. Michael. “Returning excess capital to our shareholders is consistent with our long-term capital management strategy and reflects our commitment to enhancing shareholder value. Including today’s announced dividends, RLI has returned more than $1.2 billion to shareholders over the last ten years.” RLI Corp. is a specialty insure...

Griffon hikes dividend by 3.4%

Griffon Corp (GFF) will raise its quarterly dividend by 3.4 percent to $0.075 per share in the fourth quarter of 2019. Last year the holding company also paid a $1.00 per share special dividend together with a 3.6 percent dividend hike. The next dividend is payable on December 19, 2019 to shareholders of record as of the close of business on November 27, 2019. A new annual rate of 30 cents yields 1.3% at a stock price of $22.45. Griffon Corporation, founded in 1959, is a holding company. Griffon currently conducts its operations through three reportable segments: Consumer and Professional Products (CCP), Home and Building Products (HBP) and Defense Electronics. CPP conducts its operations through AMES, a manufacturer of branded consumer and professional tools and products for home storage and organization, landscaping, and enhancing outdoor lifestyles. CPP's brands include True Temper, AMES, and ClosetMaid. HBP conducts its operations through Clopay, a manufactur...

Nike hikes dividend by 11.4%

NIKE, Inc. (NKE) will raise its quarterly dividend by 11.4 percent to $0.245 per share in 2019. This marks the footwear and apparel company's 18th consecutive year of dividend increases. The next dividend declared today is payable on January 2, 2020 to shareholders of record at the close of business December 2, 2019. A new annual rate of 98 cents per share yields 1.1% at a stock price of $93. “NIKE has consistently delivered strong cash flow and returns for shareholders and today’s announcement marks NIKE’s 18th consecutive year of increasing dividend payouts,” said Mark Parker, Chairman, President and CEO of NIKE, Inc. “This dividend increase, combined with the four-year $15 billion share repurchase program announced in 2018, reflects continued confidence in our strategies to generate long-term, profitable growth as we accelerate execution of our Consumer Direct Offense.” NIKE, Inc. is a designer, marketer and distributor of authentic athletic footwear, apparel, equipment an...

Roper Technologies increases dividend for 27th straight year

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Dividend Aristocrat Roper Technologies (ticker ROP) will increase its quarterly dividend by almost 11 percent to 51.25 cents per share quarterly. This marks the 27th consecutive year of annual dividend increases by the industrial company.

Lancaster Colony raises dividend for 57th consecutive year

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Lancaster Colony Corporation (LANC) will increase its dividend by almost 8 percent this year. The food products maker will raise its quarterly dividend to $0.70 per share, marking 57 years of dividend increases.

ADP raises dividend for 45th consecutive year in 2019

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Dividend Aristocrat Automatic Data Processing, Inc. (ticker ADP) will increase its quarterly dividend by 15 percent, marking the 45th consecutive year of annual dividend increases.

Cogent Communications hikes dividend by 3.2%

Evergy hikes dividend by 6.3%

Evergy Inc (EVRG), formerly Westar Energy (WR), will raise its quarterly dividend by 6.3 percent to $0.505 per share in Q4 of 2019. The utility company has increased its annual dividend for 16 consecutive years. The next dividend is payable on December 20, 2019 to shareholders of record as of November 27, 2019. A new annual rate of $2.02 per share yields 3.2% at a stock price of $63. “Evergy delivered another solid quarter and continues to be on track for the year, despite regulatory headwinds,” said Terry Bassham, Evergy president and chief executive officer. “Additionally, we have increased our dividend by 6.3%, consistent with our long-term dividend growth guidance. We remain focused on executing our operating priorities and realizing the benefits of our merger completed last year, which we are confident will drive sustainable value creation.” Evergy, Inc. is an energy company. The Company provides electric generation, transmission and distribution services to customers in Kan...

Atmos Energy hikes dividend by 9.5%

Atmos Energy Corp (ATO) will raise its quarterly dividend by 9.5 percent to $0.575 per share. This marks the utility company's 32nd consecutive year of annual dividend increases. The next dividend will be paid on December 9, 2019, to shareholders of record on November 25, 2019. The new annual rate of $2.30 per share yields 2.1% at a stock price of $107. Atmos Energy Corporation, headquartered in Dallas, is a natural-gas-only distributor. Atmos Energy serves distribution customers in communities across eight states and manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. Atmos Energy’s history dates back to 1906 in the Panhandle of Texas. The company became known as Pioneer Corporation and in 1983, Energas, the natural gas distribution division of Pioneer, was spun off and later renamed to Atmos Energy.

Global Water Resources hikes dividend by 1%

Global Water Resources (GWRS) will raise its monthly dividend by 1.0 percent to $0.0241 per share. This matches last year's dividend hike of exactly 1.0 percent. GWRS will pay three monthly cash dividends of $0.0241 per common share. The first dividend at the new monthly rate will be paid on December 30, 2019 to holders of record on December 16, 2019. A new annual rate of almost 29 cents yields 2.4% at a stock price of $12.30. Global Water Resources is a comprehensive water resource management company based in Phoenix, Arizona. It manages the entire water cycle by owning and operating water, wastewater and recycled water utilities.

Air Lease hikes dividend by 15.4%

Snap-on hikes dividend by 13.7%

Snap-on (SNA) will raise its quarterly dividend by 13.7 percent to $1.08 per share in 2019. This follows a comparable 15.9 percent dividend hike last year by the tools and equipment manufacturer. The next dividend is payable December 10, 2019 to shareholders of record on November 20, 2019. A new annual rate of $4.32 per share yields 2.6% at a stock price of $167. “This tenth consecutive annual dividend increase confirms our ongoing commitment to create long-term value for our shareholders and our firm belief that Snap-on is well-positioned for the future. Our inherent strategic and tactical strength, our solid financial structure, and our cash generation enables us to both return capital to our shareholders and to invest strategically along our defined runways for growth and improvement,” said Nick Pinchuk, Snap-on chairman and chief executive officer. “Snap-on’s dividend is an essential component of our approach to capital allocation, as demonstrated by our payment of consecutive ...

American Financial Group pays special dividend

American Financial Group, Inc. (AFG) will pay a special cash dividend of $1.80 per share in the fourth quarter of 2019. Earlier this year the insurance holding company already paid a $1.50 per share special dividend. The regular dividend was hiked by 12.5 percent to 45 cents per share quarterly in 2019 and currently yields 1.7%. The special dividend is payable on November 25, 2019 to holders of record on November 15, 2019. The aggregate amount of the payment to be made in connection with this special dividend will be approximately $160 million. AFG Co-CEOs Carl H. Lindner III and S. Craig Lindner stated: “Returning excess capital to shareholders in the form of this $1.80 special dividend is an important and effective component of our capital management strategy; it reflects AFG’s strong financial position and our confidence in the Company’s financial future. Following the payment of this special dividend, our excess capital remains at a level which affords us the financial flexibil...

OTC Markets Group pays special dividend

OTC Markets Group (OTC) will pay a special cash dividend of $0.65 per share of Class A common stock together with the quarterly cash dividend of $0.15 per share of Class A common stock.  The special dividend is payable on December 4, 2019 to stockholders of record on November 20, 2019. The ex-dividend date is November 19, 2019. The quarterly cash dividend is payable on December 19, 2019 to stockholders of record on December 5, 2019.  The ex-dividend date is December 4, 2019.

Microchip Technology hikes dividend by 0.1%

Microchip Technology (MCHP) will raise its quarterly dividend by another 0.1 percent to $0.3665 per share in the 4th quarter of 2019. This follows similar dividend hikes in each of the last couple of quarters. The next dividend is payable on December 5, 2019 to stockholders of record on November 21, 2019.  The new annual dividend rate of $1.466 per share yields 1.5% at a stock price of $100. “Microchip had reasonably good financial performance in the September 2019 quarter in spite of a difficult economic environment,” said Steve Sanghi, Chief Executive Officer.  “Our Board is pleased to declare an increase in our quarterly dividend to a record 36.65 cents per share, which continues to reflect our ongoing commitment to returning value to our stockholders.” Microchip Technology Incorporated manufactures specialized semiconductor products used for  embedded control applications. Its product portfolio targets the automotive, communications, computing, consumer and indu...

AbbVie raises dividend for 48th consecutive year in 2019

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Dividend Aristocrat AbbVie (ABBV) will raise its quarterly dividend by 10.3% to $1.18 per share. This is the 48th consecutive year of dividend increases by the biopharmaceutical company.

UMB Financial hikes dividend by 3.3%

UMB Financial Corporation (UMBF) will raise its quarterly dividend by 3.3 percent to 31 cents per share. This follows a 9.1 percent dividend increase by the financial holding company last year. The next dividend is payable on January 2, 2020, to shareholders of record at the close of business on December 10, 2019. A new annual rate of $1.24 per share yields 1.8% at a stock price of $67.48. UMB Financial Corporation is a financial holding company headquartered in Kansas City, Mo., offering banking services, payment solutions, asset servicing, and institutional investment management to its customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas.

Fidelity National Financial hikes dividend by 6.5%

Fidelity National Financial, Inc. (FNF) will raise its quarterly dividend by another 6.5 percent to $0.33 per share in 2019. This is the second dividend hike announced this year by the insurance company. The next dividend will be payable December 31, 2019, to stockholders of record as of December 17, 2019. A new annual rate of $1.32 per share yields 2.9% at a stock price of $46. Fidelity National Financial, Inc.  is a provider of title insurance and transaction services to the real estate and mortgage industries. FNF is the nation's largest title insurance company through its title insurance underwriters Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York. The company went public in 1987 and has paid a dividend every year since 2006.