Dividend Track Records

Matson (MATX) on June 22, 2022 declared a new quarterly dividend of $0.31 per share share, up 3.3% from the previous quarterly dividend of $0.31 per share. This marks the 10th consecutive year of dividend increases by the provider of ocean transportation and logistics services. The next MATX dividend will be paid on September 1, 2022 to all shareholders of record as of the close of business on August 4, 2022. A new annual rate of $1.24 per share yields 1.7% at at stock price of $73.54. "This announcement marks the tenth consecutive annual increase to Matson's quarterly dividend, underscoring our Board's confidence in our long-term free cash flow growth," said Matt Cox, Matson's Chairman and Chief Executive Officer.  "We are disciplined in our approach to capital allocation and are committed to the return of excess capital to shareholders after funding our dividend, supporting our operations with maintenance capital, and investing in organic and inorganic grow...

Saul Centers, Inc. (BFS) has declared a quarterly dividend of $0.59 per share on its common stock, to be paid on July 29, 2022, to holders of record on July 15, 2022. The common dividend represents a $0.02 per share (3.51%) increase over the amount paid in the previous quarter and a $0.04 per share (7.27%) increase over the amount paid in the prior year's comparable quarter. A new annualized dividend rate of $2.36 per BFS share yields 4.9% at a stock price of $48.10. Saul Centers, Inc. is a real estate investment trust headquartered in Bethesda, Maryland. The company operates and manages a real estate portfolio which includes community and neighborhood shopping centers and mixed-use properties. Saul Centers has been publicly traded since August 1993 and initiated its dividend in October 1993.

Darden's Board of Directors declared a quarterly cash dividend of $1.21 per share, a 10% increase from third quarter fiscal 2022, on the Company's outstanding common stock. The dividend is payable on August 1, 2022 to shareholders of record at the close of business on July 8, 2022. The new annual dividend rate of $4.84 per share yields 4.2% at a stock price of $114 for Darden. Darden Restaurants, Inc. is a full-service restaurant company with operations in the United States and Canada. Its brands include Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V's.  Darden Restaurants is a Florida corporation incorporated in March 1995. The company initiated a dividend in 1995 and temporarily suspended its payment in 2020 because of COVID-19. In the fourth quarter of 2020 the dividend was reinstated.

Kroger Co (ticker symbol KR) today announced a new quarterly dividend of $0.26 per share, up 23.8% from the previous quarterly dividend of $0.21 per share. The next quarterly dividend of $0.26 per KR share will be paid on September 1, 2022 to shareholders of record as of close of business on August 15, 2022. The new annualized dividend rate of $1.04 per share translates into a 2.2% dividend yield at a stock price of $47.33 for Kroger. The company currently pays approximately $757 million in annual dividends to shareholders. Kroger has raised its dividend 16 consecutive years if this new 2022 dividend hike is included. The Kroger Co. operates supermarkets and multi-department stores throughout the United States. Kroger operates supermarkets under a variety of local banner names, including pharmacies, fuel centers and jewelry stores. The company's brands include Baker's, City Market, Dillons, Food 4 Less, Foods Co, Fred Meyer, Fry's, Gerbes, Harris Teeter, King Soopers, Jay C...

On June 22, 2022The board of directors of Worthington Industries, Inc. (ticker WOR) has declared a quarterly dividend of $0.31 per share, an increase of $0.03 per share or 11% from the prior quarter. The dividend is payable on Sept. 29, 2022, to shareholders of record on Sept. 15, 2022. Worthington has paid a quarterly dividend since it became a public company in 1968. This new dividend hike will mark the 12th consecutive year of dividend increases by the metals manufacturing company. The dividend yield for WOR is 2.8% at a stock price of $44. Worthington Industries is a metals manufacturing company. Headquartered in Columbus, Ohio, Worthington serves customers in automotive, construction and agriculture markets. The company manufactures pressure cylinders for propane, refrigerant and industrial gasses and cryogenic applications, water well tanks for commercial and residential uses, CNG and LNG storage, transportation and alternative fuel tanks, oil & gas equipment, and consumer pr...

Korn Ferry International (KFY) today announced a 25% dividend increase to $0.15 quarterly per share. Commencing in Q1 FY’23, the Company has increased its regular quarterly cash dividend by 25% to $0.15 per share, the press release dated June 22, 2022 learns us. In 2021 Korn Ferry hiked its quarterly dividend by 20 percent to 12 cents per share, marking the first dividend increase since the company started paying a 10 cents quarterly dividend in 2015.  Korn Ferry is a global organizational consulting firm, operating through seven segments: Consulting; Digital; Executive Search North America; Executive Search Europe, the Middle East and Africa (EMEA); Executive Search Asia Pacific; Executive Search Latin America; and recruitment process outsourcing (RPO) & Professional Search. Korn Ferry initiated a quarterly dividend in 2015.

Delek US Holdings, Inc. (ticker DK) today announced that the board of directors declared a special dividend of $0.20 per share. The dividend is payable on July 20, 2022 to shareholders of record on July 12, 2022. The special dividend yields 0.7% at a stock price of $28.57 for DK. This special dividend is indicative of a robust macro environment for refining and complements the $64 million share repurchase, at $18.30 per share, from the Icahn Group on March 7, 2022, which represented approximately 5% of the shares outstanding at that time. Return of cash to shareholders remains a priority for the company along with maintaining a strong and flexible balance sheet. The board will assess the potential for instituting a sustained dividend payment in connection with the second quarter earnings results which are scheduled to be announced in early August. Delek US Holdings suspended its dividend in 2020 ending a track record of consecutive dividends paid every year since 2006. In 2019 DK last ...

On June 14, 2022, the Board of Directors of Acme United Corporation (ACU) declared a cash dividend of 14 cents per share on its outstanding common stock. The next ACU dividend is payable on July 22, 2022, to stockholders of record on the close of business on July 1, 2022. The dividend yield for ACU is 1.8% at a stock price of $30.38. Walter C. Johnsen, Chairman and CEO, said, “This is Acme United’s thirteenth dividend increase since 2004. The Company continues to make good business progress and we are delighted to provide this additional return to shareholders. Our balance sheet is strong, and we are confident in the business.” Acme United Corporation is a supplier of first aid and medical products and cutting technology to the school, home, office, hardware, sporting goods and industrial markets. ACE markets and sells its products under two main categories: first aid and safety, and cutting, sharpening and measuring. 

Great Southern Bancorp (GSBC), the holding company for Great Southern Bank, declared a $0.40 per common share dividend for the second quarter of the calendar year ending December 31, 2022. This dividend represents an 11% increase from the previous quarter’s dividend of $0.36 per common share. The dividend will be payable on July 12, 2022, to shareholders of record on June 27, 2022. This dividend represents the 130th consecutive quarterly dividend paid by the Company to common shareholders. Great Southern Bancorp, Inc. the parent of Great Southern Bank. Through the Bank and subsidiaries of the Bank, GSBC offers insurance, travel, investment and related services to commercial and consumer customers. Headquartered in Springfield, Mo., the Company operates retail banking centers in Missouri, Arkansas, Iowa, Kansas, Minnesota and Nebraska, and commercial loan production offices in Chicago, Dallas and Tulsa, Okla.

Semiconductor company KLA Corporation (KLAC) today announced a 23.8% dividend increase to $1.30 quarterly per share. This marks the 13th consecutive annual dividend increase for KLA. Since inception in 2006, KLA has grown the quarterly dividend level at an approximately 15% compounded annual growth rate. In 2021 KLAC announced a 16.7 percent dividend increase to $1.05 per share in 2021. The dividend yield jumps from 1.3% to 1.6% for KLAC based on yesterday's closing stock price of $323.79. KLAC also announced a $6 billion share repurchase program, including approximately $3 billion Accelerated Share Repurchase (ASR) to be completed over the next 3-6 months, with the remaining amount to be repurchased over the next 12-18 months, subject to market conditions. "We are excited to host KLA Corporation's 2022 Investor Day to provide the investment community with a deeper understanding of our company, our financial performance, and the opportunities that lie before us as we execu...

Commercial real estate investment W. P. Carey (WPC) today announced that it will raise its quarterly dividend by another 0,2% to $1.059 per share. The next WPC dividend is payable on July 15, 2022 to stockholders of record as of June 30, 2022. The new WPC quarterly cash dividend of $1.059 per share is equivalent to an annualized dividend rate of $4.24 per share, yielding 5.1% at a stock price of $82 for WPC. W.P. Carey has now raised its dividend for 24 consecutive years. W. P. Carey Inc. is a net lease commercial real estate investment trust that provides real estate-based financing solutions. The company invests in high-quality single-tenant industrial, warehouse, office and retail properties subject to long-term leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry. W.P. Carey has paid a dividend every year since going public in...

CVB Financial Corp (CVBF) on June 15, 2022 announced a 5.6 percent dividend increase to $0.19 quarterly per share. This dividend increase was approved at the Company’s regularly scheduled Board of Directors meeting held on June 15, 2022. The quarterly dividend will be payable on or about July 15, 2022 to shareholders of record as of June 30, 2022. “Our Company’s strong levels of capital and liquidity, combined with our remarkable history of 180 consecutive quarters of profitability, has allowed us to pay cash dividends to our shareholders for 131 consecutive quarters,” said David A. Brager, President and Chief Executive Officer. “With the integration of our Suncrest Bank acquisition now complete, we are pleased to be increasing our quarterly dividend by nearly 6%. We believe this higher dividend, combined with our common stock repurchase plan, demonstrate our continuing commitment to provide strong returns to our shareholders.” CVB Financial Corp. is the holding company for Citizen...

 Realty Income Corporation (O) today announced a 0.2% dividend increase to $0.2475 monthly per share. The company's Board of Directors has declared an increase in the company's common stock monthly cash dividend to $0.2475 per share from $0.247 per share. The dividend is payable on July 15, 2022 , to stockholders of record as of July 1, 2022 . This is the 116 th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for July's dividend is June 30, 2022 . The new monthly dividend represents an annualized dividend amount of $2.97 per share as compared to the current annualized dividend amount of $2.964 per share. "Realty Income is resolute in our commitment to pay stockholders a monthly dividend that increases over time," said Sumit Roy , President and Chief Executive Officer of Realty Income. "I'm pleased that our Board of Directors has determined that Realty Income can increase the amount of the dividend this mo...

Insurer W.R. Berkley (WRB) has announced today that it will raise its quarterly dividend by 15.4% to $0.10 quarterly per share. Also a special dividend of $0.50 per share will be paid by WRB. The first regular quarterly cash dividend at the new rate of 10 cents per share will be paid on July 7, 2022 to stockholders of record at the close of business on June 27, 2022. The per share dividend amounts above reflect the 3-for-2 common stock split effected on March 23, 2022.  The regular annual dividend rate of 40 cents per share for WRB yields 0.6% at a stock price of $67. Including today’s announced special and ordinary dividends, total capital returned to shareholders during 2022 is approximately $182 million. For WRB this new dividend hike makes 2022 the 21st consecutive year of increased annual dividends. W. R. Berkley Corporation is an insurance holding company. The company operates worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance. Th...

National Fuel Gas (NFG) today, on June 15, 2022, announced a dividend hike of 4.4% to 47.5 cents quarterly per share. This dividend is payable July 15, 2022, to stockholders of record at the close of business on June 30, 2022. NFG has approximately 91.5 million shares of common stock outstanding. It has no preferred stock outstanding. The Company has paid dividends for 120 consecutive years and has increased its annual dividend for 52 straight years. The quarterly dividend rate of 45.5 cents per share, as approved in June 2021, is being increased to 47.5 cents per share for an annual rate of $1.90 per share, which is an increase of 4.4%. A new annual rate of $1.90 per share for NFG yields 2.8% at a stock price of $68.64.   National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas and oil assets across four business segments: Exploration and Production, Pipeline and Storage, Gathering and Utility. ...

FedEx Corporation (FDX) today announced a 53.3% dividend increase to $1.15 quarterly per share. Following a detailed review, the FedEx Board of Directors declared a quarterly cash dividend of $1.15 per share on its common stock. This represents a $0.40 per share, or 53 percent, increase from the previous dividend of $0.75. The dividend is payable on July 11, 2022, to stockholders of record as of the close of business on June 27, 2022. Michael C. Lenz, FedEx Corp. Executive Vice President and Chief Financial Officer, added, “The increased dividend we announced today is the culmination of our Board’s thoughtful efforts over many months to ensure that our capital allocation strategy reflects our confidence in the trajectory of the business and increases returns for our stockholders. We look forward to sharing more detail on our strategy and long-term objectives at our investor day later this month.” In 2021 FDX hiked its quarterly dividend by 15.4 percent to 75 cents per share, being the ...

Omega Flex, Inc. (symbol: OFLX) announced on June 10, 2022 a 6.7% dividend increase to $0.32 quarterly per share. The increased OFLX dividend is payable on July 5, 2022, to shareholders of record on June 24, 2022. The flexible metallic piping products maker raised its quarterly dividend by 7.1 percent to 30 cents per share in 2021. The new regular annual rate of $1.28 per share for OFLX yields 1.2% at a stock price of $110. The next ex-dividend date for OFLX will be June 23, 2022. Kevin R. Hoben, the Company’s chairman stated that: “The sustained growth of Omega Flex, Inc. recommended an increase in the regular quarterly dividend. As the Company emerges from this challenging time for the country and the economy, this increase is the best indication of our belief in the Company’s ability to weather this storm.” In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, cap...

Utility company PPL Corporation (PPL) on June 10, 2022 announced a 12.5% dividend increase to $0.225 per share quarterly. This increased dividend will be paid to shareholders on July 1, 2022 to shareholders of record on June 21, 2022. The new annual dividend rate of $0.90 for PPL per share yields 3.2% at a stock price of $28.33. In the previous quarter PPL cut its quarterly dividend by 51.8 percent to 20 cents per share. The utility holding company last raised its quarterly dividend by 0.6 percent to $0.415 per share in 2020, at the time marking 19 consecutive years of increases. PPL Corporation is utility holding company.  PPL Electric was founded in 1920 as Pennsylvania Power & Light Company. PPL, through its regulated utility subsidiaries, delivers electricity to customers in the U.K., Pennsylvania, Kentucky and Virginia; delivers natural gas to customers in Kentucky; and generates electricity from power plants in Kentucky. PPL Corporation, headquartered in Allentown, Pennsy...

Casey’s General Stores (CASY) today announced a dividend hike of 8.6 percent to 38 cents quarterly per share. Last year CASY raised its quarterly dividend by 2.9 percent to 35 cents per share, marking the 22nd consecutive year of dividend increases. This new hike just announced will mark 23 years of dividend growth.  A new annualized dividend rate of $1.52 per CASY share yields 0.8% at a stock price of $193.70. The dividend is payable August 15, 2022 to shareholders of record on August 1, 2022. Casey's General Stores, Inc. operates convenience stores in Midwestern states, primarily in Iowa, Missouri, and Illinois. Casey's offers self-service gasoline, grocery items and freshly prepared food items. Among the most popular of Casey's prepared foods are their made-from-scratch pizzas, donuts, subs and sandwiches. Casey's operates from two company distribution centers, enabling delivery of most of in-store products and fuel. The first store opened in 1968 in Boone, Iowa. Cas...

McGrath RentCorp (MGRC) will raise its quarterly dividend by 4.6 percent to 45.5 cents quarterly in 2022. This follows a dividend hike of 3.6 percent to 43.5 cents per share in 2021 and marks the 31st consecutive year of annual dividend increases by the rental company. At a stock price of $80.67 the dividend yields 2.2% to MGRC shareholders. McGrath RentCorp is a diversified business-to-business rental company. McGrath RentCorp operates through five divisions: Mobile Modular, Mobile Modular Portable Storage, TRS-RenTelco, Adler Tanks and Enviroplex.The company’s Mobile Modular division rents and sells modular buildings to fulfill customers’ temporary and permanent classroom and office space needs. The company’s TRS-RenTelco division rents and sells electronic test equipment and the company’s Adler Tank Rentals subsidiary rents and sells containment solutions for hazardous and nonhazardous liquids and solids. McGrath RentCorp has paid a dividend to shareholders every year since 1990.

Oil-Dri Corporation of America (ODC) today announced a 3.7% dividend increase to $0.28 quarterly per share. The sorbent products maker hiked its dividend by 3.8 percent to 27 cents per share in 2021 and now has boosted its dividend for 19 straight years. The average 5 year dividend growth rate is 4.0% for ODC. The dividends declared will be payable on August 26, 2022 to stockholders of record at the close of business on August 12, 2022. The Company has paid cash dividends continuously since 1974. This declaration marks the nineteenth consecutive year Oil-Dri has increased dividends. Based on the increased declared dividend and today’s closing price of $25.51, the dividend yield on Common Stock is 4.3%.  Oil-Dri Corporation of America is engaged in developing, manufacturing and/or marketing sorbent products. While granular clay floor absorbents were Oil-Dri’s founding product, it has since diversified its portfolio to include both consumer and business to business product offerings ...

Target Corporation (TGT) today announced a 20 percent dividend increase to $1.08 quarterly per share. The board of directors of Target Corporation declared a quarterly dividend of $1.08 per common share, a 20% increase from the prior quarterly dividend of 90 cents . The dividend is payable Sept. 10, 2022 to shareholders of record at the close of business August 17, 2022 . The 3rd quarter dividend will be the company's 220th consecutive dividend paid since October 1967 when the company became publicly held. With the increase announced today, 2022 is on track to be the 51st consecutive year in which Target has increased its annual dividend. A new annual rate of $4.32 per share for TGT yields 2.8% at a stock price of $154.55. Target now pays an estimated $2 billion in dividends annually to shareholders. Target Corporation is a general merchandise retailer selling a wide assortment of general merchandise and food. The majority of Target's stores offer an edited food assortment c...

Universal Health Realty Income Trust (UHT) will raise its quarterly dividend by another 0.7 percent to $0.71 per share. This marks 35 consecutive years of dividend increases by the health care REIT. Universal Health Realty Income Trust announced today that its Board of Trustees voted to increase the quarterly dividend by $.005 and pay a dividend of $.71 per share on June 30, 2022 to shareholders of record as of June 20, 2022. A new annual rate of $2.84 per share for UHT yields 5.4% at a stock price of $53.17 as of June 9, 2022. Universal Health Realty Income Trust, a real estate investment trust, invests in healthcare and human service related facilities including acute care hospitals, behavioral healthcare facilities, rehabilitation hospitals, sub-acute care facilities, surgery centers, childcare centers and medical office buildings.UHT’s portfolio includes McAllen Medical Center, Wellington Regional Medical Center, Canyon Creek Behavioral Health and Clive Behavioral Health Hospital.

UnitedHealth Group (UNH) on June 8, 2022 announced a 13.8 percent dividend increase to $1.65 quarterly per share. This comes on the back of a 16 percent hike to $1.45 per share in 2021 by the health and well-being company. This will mark 11 consecutive years of increased dividends by UNH. At its regular quarterly meeting, the Board authorized payment of a cash dividend of $1.65 per share, to be paid June 28, 2022, to common stock shareholders of record as of the close of business June 20, 2022. A new annualized dividend rate of $6.60 per share yields 1.3% at a stock price of $489. UnitedHealth Group Incorporated is a health and well-being company. The company provides employers products and resources to plan and administer employee benefit programs. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum. Optum is a health services business serving the healthcare marketplace, including payers,...

Caterpillar (CAT) on June 8, 2022, announced that it will raise its quarterly dividend by 8.1% to $1.20 quarterly. The heavy equipment maker has now raised its annual dividend for the 29th consecutive calendar year. The next CAT dividend is payable August 19, 2022, to shareholders of record at the close of business on July 20, 2022. A new annualized rate of $4.80 per share yields 2.1% at a stock price of $224. "Our dividend increase reflects our strong balance sheet and liquidity position as well as confidence in continued strong free cash flow generation from Machinery, Energy & Transportation (ME&T)", said Caterpillar Chairman and CEO Jim Umpleby in the press release announcing this new dividend hike. Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments - Construction Industries, Resource Ind...

McRae Industries Inc. (MCRAA) announced on June 2, 2022 that it will raise its quarterly dividend by 7.7 percent to 14 cents per share. This is the first increase by the footwear company since 2013 when a 44.4 percent increase was announced. The next dividend of $.14 per share on the Company's Class A and Class B Common Stock payable on June 29, 2022 to shareholders of record on June 15, 2022. The dividend yield is 1.5% for McRae stock at a price of $36.60. McRae Industries, Inc. is a manufacturer and distributor of children's shoes. The boots are focused on the western/lifestyle and work markets and principal lines of business are manufacturing and selling military combat boots and importing and selling western and work boots. McRae western/lifestyle boot segment includes western, ladies’ fashion, and children’s footwear products under the Dan Post, Dingo, Eldorado, and Laredo brand. Its work boot brands include Dan Post, Laredo, and McRae Industrial brand work boots along wit...

Medtronic has raised its dividend 45 consecutive years. Dividend Aristocrat Medtronic PLC (ticker symbol MDT) has announced a dividend increase of 7.9% to 68 cents per share quarterly. The medical technology company will now have raised its dividend 45 consecutive years.

Essential Properties Realty Trust, Inc. (EPRT) today announced that it will raise its quarterly dividend by 3.8 percent to 27 cents per share. The increased EPRT dividend is payable on July 14, 2022, to stockholders of record as of the close of business on June 30, 2022. A new annual dividend rate of $1.08 per share yields 4.7% to EPRT shareholders at a stock price of $23.08. In 2021 real estate company EPRT announced two dividend hikes for a total increase of 8.3 percent. This 2022 dividend will mark the 4th consecutive year of dividend increases. If we include this new dividend hike just announced the company will pay an estimated annual dividend of $131 million to its shareholders. Essential Properties Realty Trust, Inc. is an internally managed real estate company that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. Essential Properties Realty Trust bec...

Group 1 Automotive's (GPI) board of directors also declared a cash dividend of $0.37 per share for the first quarter of 2022.  The dividend represents an increase of 2.8%, or $0.01 per share, from the fourth quarter of 2021, and will be payable on June 15, 2022, to stockholders of record as of June 1, 2022. The COVID-19 pandemic ended 10 consecutive years of dividend increases by the car dealership company and followed a 3.4 percent increase in the first quarter of 2020. A $1.48 per share annual dividend yields 0.8% at a stock price of $179. The next ex-dividend date for GPI is May 31, 2022. Group 1 Automotive, Inc. owns and operates automotive dealerships, franchises, and collision centers in the United States, the United Kingdom and Brazil that offer 31 brands of automobiles. Through its dealerships, the company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehi...

Saga Communications, Inc. (SGA) has declared a quarterly cash dividend of $0.20 per share. This is an increase from the previous quarterly dividend of $0.16 per share. The dividend will be paid on July 1, 2022, to shareholders of record on June 13, 2022. The aggregate amount of the payment to be made in connection with the quarterly dividend will be approximately $1.2 million. The quarterly cash dividend will be funded by cash on the company’s balance sheet. Including this dividend, the company will have paid over $79 million in dividends to shareholders since the first special dividend was paid in 2012. A new annual dividend rate of 80 cents per share will yield 3.5% at a stock price of $22.89 for SAGA. Saga Communications, Inc. is a broadcasting company whose business is devoted to acquiring, developing and operating broadcast properties. Saga owns or operates broadcast properties in 27 markets, including 79 FM, 34 AM radio stations and 77 metro signals. The company's segments ar...

Real estate investment trust Alexandria Real Estate Equities (ARE) will raise its quarterly dividend by 2.6 percent to $1.18 per share in Q2 of 2022. The year 2021 marked 12 years of higher dividends by the REIT with the company typically announcing two dividend hikes every year. The next ARE dividend is payable on July 15, 2022 , to shareholders of record on June 30, 2022 . The common stock dividend for the 12 months ending June 30, 2022 , of $4.72 per common share represents an increase of 24 cents , or 6 percent, over the 12 months ended June 30, 2021 . The new annual dividend rate of $4.72 per ARE share yields 2,8% at a stock price of $165. In its press release ARE states that `the dividend allows the company to share its continued high-quality, strong and increasing net cash provided by operating activities with its common shareholders while it retains significant cash provided by operating activities for reinvestment into its highly leased pipeline of development and redevel...