Dividend Track Records

Dividend Aristocrat Lowe's had announced a 30%+ dividend hike in both 2022 and 2021 (image source: company website) Home improvement giant Lowe's Companies (symbol LOW) again announces a 30 percent + dividend hike with a 31.3 percent increase to $1.05 quarterly. Last year Lowe's already announced a 33.3 percent dividend hike.

Hamilton Lane Inc. (HLNE) will raise its quarterly dividend by 14.3 percent to 40 cents quarterly in 2022. This follows a dividend hike of 12 percent to 35 cents per share in 2021 by HLNE. The next HLNE dividend will be paid on July 7, 2022 to shareholders of record on June 15, 2022. A new annualized dividend rate of $1.60 per share yields 2.1% at a stock price of $69. 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 around the world. It offers a range of investment solutions across a range of private markets, including private equity, private...

Ashland Global Holdings (ASH) will raise its quarterly dividend by 11.7 percent to 33.5 cents per share in 2022. This follows a dividend hike of  9.1 percent to 30 cents per share in 2021 by Ashland. The board of directors of Ashland Global Holdings Inc.has declared a quarterly cash dividend of $0.335 cents per share on the company's common stock representing a 12 percent increase from the previous quarter. The dividend is payable on June 15, 2022, to stockholders of record at the close of business on June 1, 2022. Ashland Global Holdings Inc. is a premier global specialty chemicals company serving customers in consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. The companys two reportable segments are: Specialty Ingredients and Intermediates and Solvents. Specialty Ingredients is a global leader in cellulose ethers, vinyl pyrrolidones and biofunctionals. Intermediates a...

Flowers Foods (FLO) will raise its quarterly dividend by 4.8 percent to 22 cents per share in 2022. This comes after a dividend hike of 5 percent in 2021 by FLO. Flowers Foods, Inc., producer of Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Tastykake, and other bakery foods, today announced that its board of directors has declared a quarterly dividend of $ 0.22 per share, an increase of 4.8% over the same quarter last year. This is the 79th consecutive quarterly dividend paid by the company and is payable on June 23, 2022, to shareholders of record on June 9, 2022. This action increases the annualized dividend rate to $0.88 per share from $0.84 per share at this time last year. In other actions, the board increased the company's share repurchase authorization by 20 million shares. At the close of the company's first quarter on April 23, 2022, 5.4 million shares remained under the existing authorization. With the board's action today, the current autho...

National Storage Affiliates Trust (NSA) will raise its quarterly dividend by 10 percent to 55 cents per share. This is the second dividend announced in 2022 by NSA. The next regular cash dividends for the second quarter 2022 payable on June 30, 2022 to shareholders of record on June 15, 2022.  Tamara Fischer, President and Chief Executive Officer, commented, “We are pleased to announce another significant increase to our quarterly common dividend which represents the largest year-over-year dividend increase in the Company’s history. This is our fifth straight quarterly dividend increase and is consistent with our rapidly growing Core FFO per share. Our growing dividend remains a key ingredient to delivering attractive total shareholder returns.” 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...

Dividend Aristocrat Medtronic (MDT) will raise its quarterly dividend by 7.9 percent to 68 cents per share in 2022. This comes after a dividend hike of 8.6 percent to 63 cents per share in 2021 and marks the 45th consecutive year of dividend increases by the medical technology company. A new annual dividend rate of $2.72 per share yields 2.7% at at stock price of $100 for Medtronic. The company today announced that effective May 25, 2022, the Medtronic board of directors approved an increase in Medtronic's cash dividend for the first quarter of fiscal year 2023, raising the quarterly amount to $0.68 per ordinary share. This would translate into an annual amount of $2.72 per ordinary share, an 8% increase from the prior $2.52. Medtronic has a long history of dividend growth, and the company is a constituent of the S&P 500 Dividend Aristocrats index. Today's announcement marks the 45th consecutive year of an increase in the dividend payment. Including today's increase, Me...

On May 24, 2022 Ralph Lauren Corporation (RL) has declared a new quarterly dividend of $0.75 per share for a total annual dividend amount of $3.00 per share. The next RL quarterly dividend is payable on July 15, 2022 to shareholders of record at the close of business on July 1, 2022. The new dividend yield for Ralph Lauren stock is 3% at a stock price of $101. Last year the company reinstated its quarterly dividend that was suspended in 2020 during the covid-19 pandemic. Ralph Lauren Corporation designs, manufactures and distributes  premium lifestyle products, including apparel, accessories, home furnishings, and other licensed product categories. The company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, and Club Monaco. Founded in 1967 by Mr. Ralph Lauren, the company had paid a dividend every year since 2003 before the suspension was announced in...

Leggett & Platt is a Dividend Aristocrat with more than 25 years of dividend growth. Dividend Aristocrat Leggett & Platt (symbol LEG) will hike its quarterly dividend by 4.8% to 44 cents per share. This marks 51 years in a row of dividend growth for LEG.

Ark Restaurants (ARKR) announced today that it will reinstate its quartery dividend with a planned 12.5 cent per share payment in Q2 of 2022. The restaurant operator suspended the dividend in the summer of 2020. The new 12.5 cent is 50% less than the dividend paid in 2022 before the suspension. The Company announced today that its Board of Directors declared a quarterly dividend of $0.125 per share to be paid on June 13, 2022 to shareholders of record at the close of business on May 31, 2022. The annual dividend rate of 50 cents yields 2.9% at a stock price of $17.14. Ark Restaurants owns and operates 17 restaurants and bars, 17 fast food concepts and catering operations primarily in New York City, Florida, Washington, D.C, Las Vegas, Nevada and the gulf coast of Alabama. Four restaurants are located in New York City, one is located in Washington, D.C., five are located in Las Vegas, Nevada, one is located in Atlantic City, New Jersey, four are located on the east coast of Florida and ...

 The directors of First Financial Corporation (NASDAQ: THFF) have declared a semi-annual dividend of 54 cents per share payable on July 1, 2022, to shareholders of record at the close of business June 17, 2022. Today’s declaration increases the total dividend paid in 2022 to $1.17 per share, a 1.9% increase from 2021 and is the Corporation's 34th consecutive year of increased regular dividends. First Financial Corporation is the holding company for First Financial Bank N.A. in Indiana, Illinois, Kentucky, and Tennessee.

The Board of Directors of Hamilton Beach Brands Holding Company (HBB) has approved a 5% increase in the Company's regular quarterly cash dividend, raising the quarterly amount from $0.10 per share to $0.105 per share. The next HBB dividend is payable on both the Class A and Class B Common Stock and will be paid June 15, 2022, to stockholders of record at the close of business on June 1, 2022. A new annual dividend rate of 42 cents per share yields 4% at a stock price of $10.58 for HBB. Hamilton Beach Brands Holding Company is an operating holding company for two separate businesses. Hamilton Beach Brands, Inc. is a designer, marketer and distributor of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, bars and hotels. The Kitchen Collection, LLC is a national specialty retailer of kitchenware in outlet and traditional malls throughout the United States.

NACCO Industries (NC) today announced that the Board of Directors increased its regular cash dividend from 19.75 cents to 20.75 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid June 15, 2022 to stockholders of record at the close of business on May 31, 2022.  The new dividend is equal to an annual rate of $0.83 per share. Last year NC hiked its dividend by 2.6 percent to $0.1975 per share. NACCO Industries, Inc. is an operating holding company for The North American Coal Corporation, which mines coal primarily for use in power generation and provides value-added services for natural resource companies. Coal is surface mined from NACoal's mines in North Dakota, Texas, Mississippi, Louisiana and the Navajo Nation in New Mexico. NACCO and its predecessor public company, The North American Coal Corporation, have consistently paid dividends to public shareholders since 1956.

Northrop Grumman (NOC) announced today that the Company's Board of Directors declared a cash dividend of $1.73 per common share payable June 15, 2022, to shareholders of record as of the close of business May 31, 2022. “Northrop Grumman remains focused on deploying our capital in value-creating ways for our customers and investors,” said Kathy Warden, chair, chief executive officer and president. “We are investing in our business to support our growth and we continue to provide a competitive return of capital to shareholders. This includes today’s 10 percent increase to our dividend, which represents the 19th consecutive annual increase.” This new dividend increase by NOC will mark 19 consecutive years of dividend increases by the defence and security company. A new annualized rate of $6.92 per share yields 1.5% at a stock price of $459. Northrop Grumman is a security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, space, strike, an...

Havertys (HVT) announced today that its board of directors declared a 12% increase in the quarterly dividend rate, from $0.25 per share to $0.28 per share on the company’s common stock. The quarterly dividend for the company’s Class A common stock is also being increased from $0.23 per share to $0.26 per share. The dividend is payable on June 17, 2022 to stockholders of record at the close of business on June 2, 2022. Havertys has paid a cash dividend in each year since 1935. Clarence H. Smith, chairman and chief executive officer, said, "The board’s decision to increase the dividend reflects our strong financial position and long-term outlook and the importance of shareholder returns as part of our balanced capital allocation strategy.” Havertys, established in 1885, is a full-service home furnishings retailer, and will now pay an annual dividend rate of $1.12 per share, yielding 3.9% at a stock price of $28.68. HVT has raised its dividend 13 consecutive years.

Mid-America Appartment Communities (MAA) will raise its quarterly dividend by 14.9 percent to $1.25 per share in 2022. This follows a dividend hike of 6.1 percent last year by MAA and marks 13 years in a row of increased dividends. The new dividend rate represents a 15% increase over the prior dividend.  The increase will raise the annualized dividend payout to $5.00 per share of common stock, an increase of $0.65 per share from the prior dividend level.  As established in prior quarters, the board of directors declared the quarterly common dividend in advance of MAA's earnings announcement that is expected to be made on July 27, 2022 . The new dividend of $1.25 per share will paid on July 29, 2022 to MAA shareholders of record on July 15, 2022. The new annualized dividend payout to $5.00 per share yields 2.89% at a stock price of $176. Mid-America Appartment Communities (MAA) is a multifamily focused self-administered real estate investment trust (REIT). The company ow...

HNI Corporation (HNI) will raise its quarterly dividend by 3.2 percent to 32 cents per share in 2022. This follows a dividend hike of 1.6 percent to 31 cents per share in 2021 by HNI and this is the second increase since 2019 when the dividend was hiked by 3.4 percent to $0.305 per share. This also marks the 12th consecutive year of dividend increases by HNI. The new dividend yields 3.5% based on the annual amount of $1.28 per share and a stock price of $38 for HNI. HNI Corporation is a provider and designer of office furniture and a manufacturer and marketer of hearth products. The company's hearth products include gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories.

Dividend Aristocrat Leggett & Platt's (LEG) Board of Directors announced today a dividend of $.44 per share for the second quarter, an increase of $.02 per share or 4.8% versus the dividend declared in the second quarter of 2021.  The dividend will be paid on July 15, 2022 to shareholders of record on June 15, 2022. At an annual indicated dividend of $1.76 per share, the yield is 4.7%, based upon yesterday's closing stock price of $37.08 per share.  Leggett & Platt has increased its annual dividend for 51 consecutive years and will now pay an estimated $235 million in dividend annually. Leggett & Platt, Incorporated is a manufacturer of engineered components and products found in homes, offices, automobiles and commercial aircraft. The company’s products include  steel coiled bedsprings, components and finished products for the office seating market, automotive seating components and tubing for the aerospace industry, specialized machinery and equipment, and s...

Penske Automotive (PAG) will hike its dividend by 6.4 percent to 50 cents per share in Q2 of 2022. A new annual dividend rate of $2.00 per share will yield 1.7% at a stock price of 115. The ex-dividend date for the next PAG dividend is May 20, 2022. Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, is an international transportation services company that operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services principally in Australia and New Zealand. Penske became a public company in 1996 and has paid an uninterrupted dividend since 2011. The dividend was halted in 2009 during the financial crisis and in 2020 because of COVID-19. In Q3 of 2020 the dividend was reinstated again.

Superior Group of Companies (SGC) will raise its quarterly dividend by 16.7 percent to 14 cents per share in 2022. This follows a dividend hike of 20 percent to 12 cents per share in 2021 by SGC. The next SGC dividend is payable June 7, 2022, to shareholders of record as of May 24, 2022. The new annual dividend of 56 cents per share yields 3.5% at a stock price of $16.50. Superior Group Of Companies, Inc., formerly Superior Uniform Group, Inc., manufactures and sells a range of uniforms, corporate identity apparel, career apparel and accessories for the medical and health fields, as well as for the industrial, commercial, leisure and public safety markets. The company's brands include HPI, Fashion Seal Healthcare, CID Resources, Bamko, Tangerine, Publicidentity and Theofficegurus.

Dividend Aristocrat Cardinal Health (CAH) will increase its quarterly dividend by 1% to $0.4957 per share in 2022, marking 38 years in a row of increased dividends.

Simon Property Group (SPG) will hike its quarterly dividend by 3 percent to $1.70 per share.  Simon's Board of Directors declared a quarterly common stock dividend of $1.70 on May 9, 2022, for the second quarter of 2022.  This is a 21.4% increase year-over-year.  The dividend will be payable on June 30, 2022 to shareholders of record on June 9, 2022. The new annualized dividend rate of $6.80 per share yields 5.8% at a stock price of $118 for SPG.  Simon Property Group, Inc. is a real estate investment trust (REIT). The company owns real estate properties across North America, Europe and Asia, which consist primarily of malls, Premium Outlets and The Mills. Simon Property is the largest shareholder in Klépierre, a French REIT and one of Europe's biggest publicly traded mall operators. Simon Property Group has paid a dividend every year to shareholders since 2000. The dividend was cut in 2009 during the financial crisis and in 2020 because of the COVID-19 pandemic.

Microchip Technology (MCHP) will raise its quarterly dividend by another 9.1 percent to $0.276 per share. This follows a dividend hike of 6.2 percent to 23.20 cents per share in Q1 and marks 20 years in a row of increased dividends by the semiconductor company. The next MCHP dividend is payable on June 3, 2022, to stockholders of record on May 20, 2022. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 70 times since its inception. A new $1.10 per share annual dividend will yield 1.7% at a stock price of $64. “Microchip’s financial performance in the March 2022 quarter was very strong, resulting in solid cash generation and significant debt reduction,” said Steve Sanghi, Executive Chair. “Today, our Board of Directors approved a sequential increase in our dividend of 9.1% to 27.6 cents per share, up from our February dividend of 25.3 cents per share. Also, our Board is now targeting to increase our dividend at l...

American Financial Group, Inc. (AFG) will pay another special dividend of $8.00 per share on May 27, 2022. Earlier this year AFG already paid a $2.00 per share special dividend. American Financial Group is an insurance holding company, based in Cincinnati, Ohio. Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses. Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. American Financial Group has paid an uninterrupted dividend to its shareholders every year since at least 1986.