Dividend Track Records

BDX is a Dividend Aristocrat (image: company website) Dividend Aristocrat Becton Dickinson (BDX) will raise its quarterly dividend by 5.1 percent to $0.83 per share in 2020.  This is double the dividend hike announced last year by the medical technology company and marks the 49th consecutive year of dividend increases for Becton.

Peanut butter and meat products maker Hormel Foods will raise its quarterly dividend to $0.245 per share in 2021. This marks the 55th consecutive year of dividend increases for Dividend Aristocrat Hormel Foods.

HP Inc. (HPQ) will raise its quarterly dividend by another 10.0 percent in 2020, following a similar 10.0 percent hike to $0.1762 per share announced in 2019. This will mark the 10th consecutive year of dividend increases by the computer hardware maker. The next dividend is payable on January 6, 2021, to stockholders of record as of the close of business on December 9, 2020. The new annualized dividend rate of approximately 78 cents per share yields 3.5% at a stock price of $22.19. HP Inc. will now pay its shareholders an estimated annual dividend of almost $1.1 billion. The dividend has been hiked by at least double digits for three consecutive years now by the company originally founded by William R. Hewlett and David Packard. 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, ...

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The York Water Company (YORW) will raise its quarterly dividend by another 4.0 percent to $0.1874 per share in the fourth quarter of 2020. This marks the 24th consecutive year of annual dividend increases by the water utility and follows similar dividend hikes in the previous two years. The next dividend is payable January 15, 2021 to shareholders as of record date December 31, 2020. A new annual rate of 75 cents per share yields 1.6% at a stock price of 47.11. In the press release dated November 23, 2020 the company announces the new dividend hike and provides comment on this latest action: This is the 600th consecutive dividend to be paid by The York Water Company and is the twenty- fourth 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. "We are extremely proud to say The ...

US Dividend Aristocrat McCormick (MKC) will raise its quarterly dividend by almost 10 percent to $0.68 per share in 2020, marking the 35th year of dividend increases by the spices and flavor company. On December 1, 2020 the company will do a 2-for-1 stock split.

NIKE, Inc. (NKE) will raise its quarterly dividend by 12.2 percent to 27.5 cents per share in 2020. This follows a 11.4 percent increase to $0.245 per share announced in 2019 by the footwear and apparel company. NIKE has now raised its dividend for 19 consecutive years. The next dividend declared today is payable on December 29, 2020 to shareholders of record at the close of business December 7, 2020. A new annual rate of $1.10 per share yields 0.8% at a stock price of $133. “Today’s announcement marks NIKE’s 19th consecutive year of increasing dividend payouts,” said John Donahoe, President and CEO, NIKE, Inc. in the company's press release announcing this dividend hike. “This dividend increase reflects NIKE’s financial strength and strong track record of returning capital to shareholders while continuing to invest in capabilities that will accelerate our digital transformation and fuel long-term profitable growth.” NIKE will now pay its shareholders an estimated $1.7 billion in d...

Dividend Aristocrat Aflac (AFL) will raise its dividend by another 17.9 percent. This follows a dividend increase of almost 4 percent announced earlier in 2020, marking the insurer's 38th straight year of annual dividend increases.

Spire Inc. (SR) will raise its quarterly dividend by 4.4 percent to 65 cents per share quarterly. This follows a 5.1 percent dividend hike to 0.6225 per share last year. The year 2020 will mark the 20th consecutive year that the dividend has been increased by the company formerly known as Laclede. The next dividend is payable January 5, 2021, to shareholders of record on December 11, 2020. The new annualized dividend rate of $2.60 per share yields 4.1% at at stock price of $63.54. 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 ...

Patrick Industries (PATK) will increase its quarterly dividend by 12.0 percent to $0.28 per share in 2020. A new annualized dividend rate of $1.12 per share yields 1.8% at a stock price of $61.57 for PATK. The major manufacturer and distributor of component and building products for the recreational vehicle, marine, manufactured housing and industrial markets, will pay the increased dividend on December 14, 2020, to shareholders of record at the close of business on November 30, 2020. "In alignment with our capital allocation strategy, the decision to increase the dividend reflects the continued confidence of both management and the Board in the Company's strategic and financial position and the strength of our cash flows, and represents our ongoing commitment to increasing long-term shareholder value," said Andy Nemeth, President and Chief Executive Officer of Patrick. Patrick Industries, Inc. is a major manufacturer and distributor of component products and building pro...

Dividend Aristocrat Brown-Forman Corporation (BFB) will raise its quarterly dividend by 3% to a new annual rate of $0.718 per share. This marks the 37th consecutive year of dividend increases by the Jack Daniel's maker.

Insteel Industries, Inc. (IIIN) will pay a special dividend of $1.50 per share in 2020. This follows a $1.00 per share special dividend announced by the company in 2015. The regular quarterly dividend is $0.03 per share. Both the regular quarterly cash dividend of $0.03 per share and a one-time special cash dividend of $1.50 per share of common stock payable on December 18, 2020 to shareholders of record as of December 1, 2020. "We welcome the opportunity to return capital to our shareholders through the payment of a special dividend while fully funding our aggressive capital investment program and maintaining ample financial flexibility to pursue acquisition opportunities that may arise," commented H.O. Woltz III, Insteel's President and CEO.  Insteel is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engin...

Dividend Aristocrat Roper Technologies (ticker ROP) will increase its quarterly dividend by 9.8 percent to $0.5625 per share in 2020. Last year the technology company announced a dividend increase of almost 11 percent to 51.25 cents per share quarterly. This marks the 28th consecutive year of annual dividend increases by Roper.

Dividend Aristocrat Automatic Data Processing (ADP) will increase its quarterly payment by by 2.2 percent to $0.93 per share in 2020. This marks the 46th consecutive year of annual dividend increases.

RLI Corp. (RLI) will pay a special dividend of $1.00 per share. Earlier this year the insurer already hiked its quarterly dividend by 4.3 percent to $0.24 per share in the second quarter of 2020. Last year the company also paid a $1.00 per share special dividend in the fourth quarter of 2019 and raised its quarterly dividend by 4.5 percent to $0.23 per share. The special dividend is payable on December 18, 2020, to shareholders of record as of November 30, 2020. At a stock price of $100 the regular annualized dividend rate of 96 cents per share yields 1.0%. RLI Corp has increased dividends for 45 consecutive years and pays an estimated $43 million in dividends to shareholders annually. RLI Corp. is a specialty insurer serving diverse, niche property, casualty and surety markets. RLI's products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. RLI’s history dates to the early 1960s, when ...

National Storage Affiliates Trust (NSA) will raise its quarterly dividend by another 2.9 percent to 35 cents per share in Q4 of 2020. This follows a 3 percent hike to $0.34 per share announced earlier in 2020. This follows a 10.0 percent dividend hike by the self storage REIT announced in 2019, when the company also announced two smaller dividend hikes. The next dividend is payable on December 31, 2020 to shareholders of record on December 15, 2020. A new annual rate of $1.40 per share yields 3.8% at a stock price of $36.42. National Storage Affiliates Trust will now pay an estimated annual dividend of $97 million to its shareholders. In the press release dated November 12, 2020 announcing this dividend hike Tamara Fischer, President and Chief Executive Officer, commented, “We are pleased to be able to raise the dividend for the second time this year, as our operations continue to benefit from our differentiated PRO structure as well as the resilience of the self storage sector.” Natio...

Griffon Corp (GFF) will raise its quarterly dividend by 6.7 percent to 8 cents per share in 2020. This follows a 3.4 percent increase to $0.075 per share announced in the fourth quarter of 2019. This marks 9 consecutive years of dividend increases by Griffon. The next dividend is payable on December 17, 2020 to shareholders of record as of the close of business on November 25, 2020. A new annual rate of 32 cents yields 1.3% at a stock price of $19.71. 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 manufa...

Lancaster Colony Corporation (LANC) will raise its quarterly dividend by 7.1 percent to 75 cents per share in 2020. This follows a 7.7 percent dividend hike to $0.70 per share in 2019 and also marks the 58th consecutive year of annual dividend increases for specialty food products maker. The next dividend will be payable December 31, 2020 to shareholders of record on December 7, 2020. A new annual rate of $3.00 per share yields 1.7% at a stock price of $173. In the press release dated November 11, 2020 announcing this dividend hike CEO David A. Ciesinski said, "The increased regular cash dividend reflects the company's continued strong financial position and will be the 230th consecutive quarterly cash dividend paid by the company since September 1963."  He noted that the indicated annual payout for the current fiscal year ending June 30, 2021 is $2.95 per share, up from the $2.75 per share paid in fiscal 2020. Lancaster Colony will now pay an estimated $83 million in div...

Atmos Energy Corporation (ATO) will increase its dividend by 8.7 percent in 2020. This will mark the 33rd consecutive year of dividend increases by the utility company.

Four Corners Property Trust (FCPT) will raise its quarterly dividend by 4.1 percent to 31.75 cents per share in 2020. This follows a 6.1 percent increase to $0.3050 per last year and marks 4 consecutive years of higher dividends announced by the REIT. The next dividend is payable on January 15, 2021 to shareholders of record as of January 4, 2021. A new annualized dividend rate of $1.27 per share yields 4.7% at a stock price of $27.21. 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.

Microchip Technology (MCHP) will raise its quarterly dividend by another 0.1 percent to $0.3685 per share in the 4th 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 four dividend hikes so far for a total increase of 0.5 percent, matching last year's dividend increase. The next quarterly dividend is payable on December 4, 2020 to stockholders of record on November 20, 2020. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 65 times since its inception. The new annual dividend rate of approximately $1.47 per share yields 1.2% at a stock price of $125.29. In a press release dated November 5, 2020 the company comments on the dividend hike: “Microchip’s financial performance in the September 2020 quarter was strong given the uncertain economic conditions driven by the COVID-19 pandemic,” said Steve S...

AmerisourceBergen Corporation (ABC) will raise its quarterly dividend by another 4.8 percent to 44 cents per share in 2020. Earlier this year the healthcare company already announced a 5.0 percent hike to $0.42 per share. The year 2020 marks the company's 16th consecutive year of annual dividend increases. In 2019 ABC did not announce a dividend increase. The increased dividend of $0.42 per common share is payable November 30, 2020, to stockholders of record at the close of business on November 16, 2020. The new annualized dividend of $1.76 per share yields 1.7% at a stock price of $105.42 for the healthcare services provider. If this new dividend hike is included AmerisourceBergen Corporation will pay an estimated $359 million in dividends to shareholders annually. AmerisourceBergen is a pharmaceutical sourcing and distribution services company, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and enhance patient car...

Snap-on Incorporated (SNA) will raise its quarterly dividend by 13.9 percent to $1.23 per share in 2020. This follows a 13.7 percent to $1.08 per share in 2019 by the tools and equipment manufacturer and will mark the 11th consecutive year of higher dividend paid to shareholders. The next dividend is payable December 10, 2020 to shareholders of record on November 20, 2020. A new annual rate of $4.92 per share yields 3.0% at a stock price of $161.71. In the company's press release dated November 6, 2020 the company comments on the dividend hike: “Snap-on’s dividend is an essential component of our approach to capital allocation. It clearly testifies to the resilience and strength of our business as evidenced by our payment of consecutive quarterly cash dividends, without interruption or reduction since 1939, even through times of serious turbulence,” said Nick Pinchuk, Snap-on chairman and chief executive officer. “This eleventh consecutive annual dividend increase demonstrates both...

Evergy Inc (EVRG), formerly Westar Energy (WR), will raise its quarterly dividend by 5.9 percent to 53.5 cents per share in 2020. This follows a 6.3 percent hike to $0.505 per share in Q4 of 2019. The utility company has increased its annual dividend for 17 consecutive years. The next dividend is payable on December 21, 2020 to shareholders of record as of November 20, 2020. A new annual rate of $2.14 per share yields 3.8% at a stock price of $55.19. Evergy, Inc. is an energy company. The Company provides electric generation, transmission and distribution services to customers in Kansas.  It serves the customers under Westar and KCP&L brand names. Evergy's subsidiaries include Kansas City Power & Light Company (KCP&L) and Westar Energy, Inc.

Dividend Aristocrat Emerson Electric (EMR) will increase its quarterly dividend by 1.0% to $0.505 per share in 2020. This will mark 64 consecutive years of dividend increases by the industrial company.

Fidelity National Financial, Inc. (FNF) will raise its quarterly dividend by 9.1 percent to 36 cents per share in 2020. This comes after a 10 percent dividend hike to $0.33 per share in 2019 by the insurance company. The next dividend will be payable December 31, 2020, to stockholders of record as of December 17, 2020. A new annual rate of $1.44 per share yields 3.1% at a stock price of $31.29. The company will now pay an estimated annual dividend of $420 million to shareholders. 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.

Dividend Aristocrat AbbVie (ABBV) will raise its quarterly dividend by 10.2% to $1.30 per share next year. This is the 49th consecutive year of dividend increases by the biopharmaceutical company.

Payments technology company Visa Inc. (V) will raise its quarterly dividend by 6.7 percent to 32 cents per share in 2020. This follows a 20.0 percent hike to $0.30 per share announced in 2019 and also marks the 12th consecutive year of dividend increases by V, one of the biggest US Companies based on market cap. The next dividend is payable on December 1, 2020, to all holders of record as of November 13, 2020. The new annual dividend of $1.08 per share yields 0.7% at a stock price of $181.71. For Visa it is the first time in 11 years that the dividend is not raised by double digits. Last year the company announced a 20 percent dividend hike with a 16.7 percent increase announced in 2015 as the smallest increase by Visa on record. The company has a current market cap of $387 billion and wil pay an estimated annual dividend of $2.7 billion after this new dividend hike. Visa Inc., is a payments technology company enabling electronic payments for consumers, businesses, banks and government...