Dividend Track Records

Berry Corporation (BRY), formerly Berry Petroleum, will reinstate its dividend in 2021 with a 4 cent quarterly dividend. Last year the company suspended its quarterly dividend. The company initiated a quarterly dividend of 9 cents per share in August 2018 and hiked its payment once in November 2018 before the 2020 suspension.  The next quarterly dividend of 4 cents per share will be paid on April 15, 2021. The new dividend yield is 3%. Berry is a western United States independent upstream energy company with a focus on the conventional, long-lived oil reserves in the San Joaquin basin of California. Berry Corporation became a public company as Berry Petroleum in July 2018 and had been paying a dividend since 2018 prior to the suspension announced in April 2020.

Waste Management (WM) will raise its quarterly dividend by 5.5 percent to $0.575 per share in 2021. Last year the dividend was hiked by 6.3 percent marking the 17th consecutive year of higher dividend paid. The increased dividend is payable March 26, 2021 to stockholders of record on March 12, 2021. A new annual dividend of $2.30 per share yields 1.6% at a stock price of $142. Waste Management, based in Houston, Texas, is a provider of comprehensive waste management services in North America. Through its subsidiaries, the company provides collection, transfer, recycling and resource recovery, and disposal services. It is also a developer, operator and owner of landfill gas-to-energy facilities in the United States. The company’s customers include residential, commercial, industrial, and municipal customers throughout North America.

CME Group (CME) will increases its quarterly dividend by 5.9 percent to 90 cents per share in 2021. This follows a dividend hike of 13.3 percent to $0.85 per share in 2020. Last December the company also announced a $2.50 per share special dividend that was paid on January 13, 2021. The next dividend of $0.90 per share is payable March 25, 2021, to shareholders of record as of March 10, 2021. The regular annualized dividend rate of $3.60 per share yields 1.9% at a stock price of $191.39. CME Group will now pay an estimated $1.29 billion in dividends to shareholders annually. This compares to a current market cap of almost $69 billion for the company. In the last six years CME announced double digit dividend hikes three times. The 2021 increase just announced is the smallest dividend hike since 2014 by CME Group. CME Group enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manag...

Microchip Technology (MCHP) will raise its quarterly dividend by 5.8 percent to 39 cents quarterly in 2021. This comes after small dividend hikes of 0.1 percent in the previous quarters by the semiconductor products maker. In 2020 Microchip has announced four dividend hikes for a total increase of 0.5 percent, matching the dividend increase for 2019.  The next quarterly dividend is March 8, 2021 to stockholders of record on February 22, 2021. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 66 times since its inception. The new annual dividend rate of approximately $1.56 per share yields 1.1% at a stock price of $145. In a press release dated Feb 4, 2021, the company comments on the dividend hike: “Microchip’s financial performance in the December 2020 quarter was strong driving significant cash generation and debt reduction,” said Steve Sanghi, Chief Executive Officer. “As we continue to make significant p...

Fidelity National Information Services (FIS) will raise its quarterly dividend by 11.4 percent to 39 cents per share in 2021. This follows a 9.4 percent to $0.35 per share in the first quarter of 2019. The company did not announce a dividend hike in 2020. The increased dividend is payable on March 26, 2021, to shareholders of record as of close of business on March 12, 2021. A new annualized dividend rate of $1.56 per share yields 1.2% at a stock price of $132.32. “We believe that FIS shares are trading well below intrinsic value and that repurchasing shares of FIS is a good use of capital at this time. Our strong business fundamentals and robust free cash flow enable us to continue investing for growth, both organically and through M&A, while continuing to pay down debt to meet our leverage target and return capital to our shareholders,” said Gary Norcross, FIS chairman, president and chief executive officer in the company's press release announcing this dividend hike. “The Bo...

Power Integrations (POWI) will raise its quarterly dividend by 18.2 percent to 13 cents per share in Q1 of 2021. This follows a double dividend hike to $0.21 per share in 2020 and will mark the 9th consecutive year of dividend increases by the semiconductor technologies company. The next dividend will be paid on March 31, 2021 to stockholders of record as of February 26, 2021. A new annual rate of 52 cents per share yields 0.6% at a stock price of $88.90. Power Integrations has now increased its dividend 9 consecutive years with double digit increases announced in each of the last three years. Power Integrations, Inc. provides semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. Power Integrations has paid a dividend to shareholders every year...