Dividend Track Records

EastGroup Properties (EGP) will raise its quarterly dividend by 5.3 percent to 79 cents per share in 2020. This will mark the 25th consecutive year of dividend increases by the real estate investment trust. Last year the industrial properties REIT hiked its dividend by 4.2 percent to $0.75 per share, following a 12.5 percent increase announced in 2018. The next dividend is payable on October 15, 2020 to shareholders of record on September 30, 2020.  A new annual rate of $3.16 per share yields 2.3% at a stock price of $134.84. In the press release dated August 27, 2020 the company announces the dividend hike and comments on the dividend track record. Eastgroup mentions that this dividend is the 163rd consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $3.16 per share.  EastGroup has increased or maintained its dividend for 28 consecutive years.  The Company has increased it 25 years over that period, including ...

BancFirst Corporation (BANF) will raise its quarterly dividend by 6.3 percent to 34 cents per share in 2020. This comes after a 6.7 percent dividend hike to $0.32 per share in 2019. This latest dividend hike will make 2020 the 27th consecutive year of annual dividend increases by the financial services company. The next dividend is payable October 15, 2020, to shareholders of record on September 30, 2020. A new annualized dividend rate of $1.36 per share yields 3.0% at a stock price of $44.84. 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 e...

Northrim BanCorp (NRIM) will raise its regular quarterly cash dividend by another 2.9 percent to 35 cents per share. Earlier the community bank had announced a dividend hike to $0.34 per share, marking the 11th consecutive year of dividend increases by the company. The next dividend will be payable on September 18, 2020, to shareholders of record at the close of business on September 10, 2020. At the stock price of $26.01 per share at the close of the market on August 27, 2020, the current dividend equates to a yield of 5.38% on an annualized basis. “We believe providing a consistent quarterly cash dividend is an excellent means of providing value to our shareholders, especially during these uncertain times,” said Joe Schierhorn, President and CEO.  Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 16 branches in Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan, Sitka and Soldotna, serving 90% of Alaska’s populatio...

Lam Research Corp (LRCX) will raise its quarterly dividend by 13.0 percent to $1.30 per share in 2020. This follows a 4.5 percent dividend hike to $1.15 per share in 2019. The semiconductor company has now raised its dividend for 6 consecutive years since the first dividend was paid in 2014. The next dividend of $1.30 per share will be paid on October 14, 2020 to holders of record on September 30, 2020. A new annual dividend rate of $5.20 per share yields 1.5% at a stock price of $341. In a press release dated August 27, 2020, Lam Research announces this dividend hike and mentions that the increase is consistent with the intent for disciplined annual dividend growth by the company. Shareholders have been rewarded with big dividend hikes by Lam Research since 2014, when a 18 cents per share quarterly dividend was initiated. In the last six year Lam hiked its dividend by double digits five times, with three very big increases of 120.0 percent (2018), 50.0 percent (2016) and 66....

Intuit (INTU) will raise its quarterly dividend by 11.3 percent to 59 cents per share in 2020. This follows a 12.8 percent dividend hike to $0.53 per share in 2019 and also will mark the 9th consecutive year of dividend increases for the financial software company. The next dividend will be paid on October 19, 2020 to shareholders of record on October 12, 2020. A new annualized rate of $2.36 per share yields 0.7% at a stock price of $342 for Intuit. After this new dividend hike Intuit will pay an estimated annual dividend amount of $615 million to shareholders. The company has been raising its dividend by double digits every year since a 15 cent per share quarterly dividend was initiated back in August 2011. Intuit announced its biggest dividend increase in 2014, when the quarterly dividend was boosted by 31.6 percent from 19 cents to 25 cents per share. The company also hiked its dividend by more than 20 percent in both 2015 and 2018. This year's 11.3 percent dividend that w...

Dividend Aristocrat Lowe's Companies (LOW) will raise its quarterly dividend to 60 cents per share this year, marking the 59th consecutive year of dividend increases by the home improvement retailer.

Marriott Vacations Worldwide Corporation (VAC) will suspend its quarterly dividend in 2020 because of COVID-19. Last December VAC had announced a 20.0 percent dividend hike to $0.54 per share, marking 5 consecutive years of dividend increases. The vacation ownership company initiated a dividend in 2014. In a press release dated May 6, 2020 Marriott Vacations Worldwide Corporation reported preliminary first quarter 2020 financial results and provided an operational update on business conditions in light of the COVID-19 pandemic, including the announcement that the company will temporarily suspend share repurchases and dividend payments. The last dividend of 54 cents per share was paid to shareholders on March 12, 2020. By cutting the dividend Marriott Vacations Worldwide Corporation will save an estimated $89 million in dividend payments to shareholders annually. Many other leisure and travel companies have been cutting or suspending their dividend recently because of the...

Microchip Technology (MCHP) will raise its quarterly dividend by another 0.1 percent to $0.368 per share in the third quarter of 2020. This follows similar dividend hikes in each of the last couple of quarters by the semiconductor products maker. This year Microchip has announced three dividend hikes so far for a total increase of 0.4 percent. The next quarterly dividend is payable on September 4, 2020 to stockholders of record on August 21, 2020. The new annual dividend rate of approximately $1.47 per share yields 1.5% at a stock price of $100. In a press release dated August 4, 2020 the company comments on the dividend hike: “Microchip’s financial performance in the June 2020 quarter was strong given the backdrop of the COVID-19 pandemic driving very uncertain economic conditions,” said Steve Sanghi, Chief Executive Officer.  “Our Board is pleased to declare an increase in our quarterly dividend to a record 36.8 cents per share, which continues to reflect confidence in the c...

KLA Corporation (KLAC), formerly KLA-Tencor, will raise its quarterly dividend by 5.9 percent to 90 cents per share in 2020. This comes after a 13.3 percent hike to $0.85 per share in 2019. The semiconductor company has now raised its dividend 11 consecutive years. The next dividend is payable on September 1, 2020 to KLA shareholders of record as of the close of business on August 17, 2020. A new annualized dividend rate of $3.60 per share yields 1.8% at a stock price of $200. KLA Corporation currently pays approximately $564 million in dividends annually to shareholders. At a stock price of $200 the stock price is up 12.8 percent year-to-date. The company had raised its dividend by double digits in each of the previous two calendar years wiht a 13.3 percent hike announced in 2019 and a 27.1 percent boost in 2018. The biggest dividend hike was announced by in 2010 (+66.7 percent) by the company known as KLA-Tencor at the time. KLA Corporation, formerly KLA-Tencor Corporation, is ...

Dover Corporation (DOV) will raise its dividend by 1.0 percent this year. Dividend Aristocrat Dover will increase its quarterly dividend to $0.495 per share, marking the 65th consecutive year of dividend increases.

Dividend Aristocrat Federal Realty Investment Trust (FRT) will raise its quarterly dividend by 1 percent to $0.36 per share. This increase represents the 53rd consecutive year that Federal Realty has increased its common dividend.