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Showing posts from May, 2021

National Storage Affiliates hikes dividend by 8.6%

National Storage Affiliates Trust (NSA) will raise its quarterly dividend by 8.6 percent to 38 cents per share in June 2021. This follows a double dividend hike for a total increase of 6.1 percent announced by the self storage REIT last year. The next dividend is payable on June 30, 2021 to shareholders of record on June 15, 2021. A new annual rate of $1.52 per share yields 3.3% at a stock price of $46. National Storage Affiliates Trust will now pay an estimated annual dividend of $116 million to its shareholders. National Storage Affiliates Trust is a real estate investment trust focused on the ownership, operation and acquisition of self-storage properties located within metropolitan areas throughout the United States. The company owns and operates 735 self storage properties located in 35 states and Puerto Rico with approximately 47 million rentable square feet. National Storage went public in 2015 and has increased its dividend every year since. The company was co-founded by CEO Ar...

Hamilton Lane hikes dividend by 12%

Hamilton Lane Inc. (HLNE) will raise its quarterly dividend by 12 percent to 35 cents per share in 2021. This follows a double digit dividend hike announced by the investment solutions provider in each of the last three years. The company initiated a dividend in 2017 and this marks the 4th consecutive year of increases. The next dividend will be paid on July 7, 2021 to shareholders of record on June 15, 2021. A new annualized dividend rate of $1.40 per share yields 1.5% at a stock price of $93. Hamilton Lane is an alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. The company's professionals operate in offices throughout North America, Europe, Asia-Pacific, Latin America and the Middle East. Hamilton Lane works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities ...

Donaldson hikes dividend by 4.8%

Donaldson Company (DCI) will raise its quarterly dividend by 4.8 percent to 22 cents per share in 2021. The US manufacturer of filtration systems did not announce a dividend hike in 2020 but did hike by 10.5 percent to $0.21 per share quarterly in 2019. This marks the 35th consecutive year of dividend increases based on calendar years by DCI based on calculations by dividendhike.com. The company has paid a cash dividend every quarter for 65 years. The next dividend is payable June 25, 2021, to shareholders of record on June 10, 2021. A new annual rate of 88 cents per share yields 1.4% at a stock price of $60.92 for DCI. Donaldson Company, Inc. is a manufacturer of filtration systems and replacement parts. The company has two operating segments: Engine Products and Industrial Products. Donaldson's products include replacement filters, air filtration systems, liquid filtration systems, dust, fume and mist collectors, compressed air purification systems, gas and liquid filtration for ...

Avnet hikes dividend by 4.8%

Avnet (AVT) will raise its quarterly dividend by 4.8 percent to 22 cents per share in 2021. The company did not hike its dividend in 2020 with the last increase of 5.0 percent to $0.21 per share announced in 2019. The increase marks the 8th consecutive year of annual dividend increases. The next dividend will be paid on June 23, 2021 to shareholders of record as of the close of business on June 9, 2021. A new annual rate of 88 cents per share yields 2.0% at a stock price of $44.29. “Our commitment to streamlining our operations and strengthening our financial profile over the past year has positioned Avnet as a more nimble and efficient organization, resulted in improved competitive performance and enabled us to generate strong free cash flow,” said Avnet Chief Executive Officer Phil Gallagher. “This dividend increase is a reflection of our confidence in our growth strategy as well as our long-standing commitment of returning cash to shareholders while creating significant value for al...

Investors Title hikes dividend by 4.5%

Investors Title Co (ITIC) will raise its quarterly dividend by 4.5 percent to 46 cents per share in 2021. This follows a dividend hike of 10.0 percent to 44 cents per share in 2020. This is the 2nd dividend hike by the insurer since 2017. The company did pay significant special dividends the last couple of years with a special dividend of $8.00 per share paid in 2019 and a $15.00 per share special dividend in 2020. The next dividend will be paid June 30, 2021 to shareholders of record on June 15, 2021. The regular annual dividend of $1.84 per share yields 1.0% at a stock price of $184. Investors Title Company is engaged in the business of issuing and underwriting title insurance policies. The company also provides services in connection with tax-deferred exchanges of like-kind property as well as investment management services to individuals, companies, banks and trusts.

Mosaic hikes dividend by 50%

Mosaic Co (MOS) will raise its quarterly dividend by 50 percent to 7.5 cents per share in 2021. This is the first dividend hike since 2019 by the fertilizer maker and marks 3 consecutive years of increases. The next dividend will be paid on June 17, 2021, to stockholders of record as of the close of business on June 3, 2021. A new annual rate of 30 cents per share yields 0.9% at a stock price of $35.46. The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry. Mosaic operates through three segments: Phosphates, Potash and Mosaic Fertilizantes.

Autoliv reinstates dividend

Autoliv (ALV) will start paying dividends again. Last year the supplier of safety systems for cars suspended its quarterly dividend because of the COVID-19 pandemic. The company last raised its quarterly dividend by 3.3 percent to $0.62 per share in the first quarter of 2018. Autoliv will restart with an unchanged 62 cent per share dividend, payable June 14, 2021 to shareholders of record on May 28, 2021. The dividend yield is 2.4% at a stock price of $101. Autoliv, Inc. is a supplier of automotive safety systems. The company manufactures and markets protective systems, such as airbags, seatbelts, steering wheels and pedestrian protection systems for all major automotive manufacturers in the world. The company's shares are listed on the New York Stock Exchange (ticker ALV) and the Swedish Depository Receipts on Nasdaq Stockholm (ALIV sdb). Autoliv had paid a dividend to shareholders every year since 1997 before suspending the payment in 2020.

Microchip Technology hikes dividend by 5.9%

Microchip Technology (MCHP) will raise its quarterly dividend by another 5.9 percent to 41.3 cents quarterly in Q2 of 2021. This is the second dividend hike announced by MCHP in 2021 for a total increase of 12.1 percent. The next quarterly dividend is June 4, 2021 to stockholders of record on May 21, 2021. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 67 times since its inception. The new annual dividend rate of approximately $1.65 per share yields 1.1% at a stock price of $149. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003. Currently the company pays approximately $430 million in dividends to shareholders annually. Because of the much bigger dividend hikes announced so far in 2021 the average dividend growth rate in the last five years jumps from 0.6 percent to 2.8 percent annually. Microchip Technology Incorporated manufactures specialized semiconductor produ...

RLI Corp hikes dividend by 4.2%

RLI Corp. (RLI) will raise its quarterly dividend by 4.2 percent to 25 cents per share in 2021. This follows a 4.3 percent dividend hike last year, when RLI also paid a special dividend of $1.00 per share. The insurer has now raised its dividend 46 consecutive years. The next dividend is payable on June 18, 2021, to shareholders of record as of May 28, 2021. At a stock price of $113 the regular annualized dividend rate of 100 cents per share yields 0.9%. RLI Corp has increased dividends for 46 consecutive years and pays an estimated $45 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 Founder Gerald D. Stephens, recognized the expense of replacing contact lenses, and founded RLI — Replace...