Dividend Track Records

On October 26, 2022, Marine Products Corp (MPX) announced that it will raise its dividend by 16.7% to $0.14 quarterly per share. The manufacturer of recreational fiberglass powerboats in the sportboat, sport fishing and jet boat markets hiked its dividend by 50% in 2021. The next MPX dividend of 14 cents will be payable December 9, 2022 to common stockholders of record at the close of business on November 10, 2022. A new annual dividend rate of 56 cents yields 5.0% at a stock price of $11.13 for Marine Products Corp. Marine Products Corporation designs, manufactures and sells recreational fiberglass powerboats in the sportboat, sport fishing and jet boat markets. Its products include Chaparral sterndrive, outboard and jet pleasure boats and Robalo outboard sport fishing boats. The company sells its products to a network of domestic and international dealers. Marine Products was incorporated on August 31, 2000, in connection with a spin-off from RPC, Inc. The company restarted its divid...

On October 25, 2022, Payments technology company Visa Inc. (V) declared a new quarterly dividend of $0.45 per share, up 20% from the previous quarterly dividend of $0.375 per share. In 2021 Visa announced a dividend hike of 17.2 percent. This new 2022 dividend hike marks the 14th consecutive year of dividend increases by Dow Jones member Visa. The next V dividend is payable on December 1, 2022, to all holders of record as of November 11, 2022. The new annual dividend of $1.80 per share yields 0.9% at a stock price of $2200. Visa will now pay shareholders an estimated $3.7 billion in dividends annually. Visa Inc., is a payments technology company enabling electronic payments for consumers, businesses, banks and governments worldwide. The company's transaction processing network, VisaNet, enables authorization, clearing, and settlement of payment transactions and provides financial institution and merchant clients with a range of products, platforms, and value-added services. Visa is...

Specialty chemicals maker Stepan Co (SCL) announced a dividend hike of 9.0% to 36.5 cents quarterly per share. This marks 55 straight years of dividend growth for Stepan.

On October 25, 2022, NexPoint Residential Trust, Inc. (NXRT) announced that it will increase its quarterly dividend by 10.5 percent to $0.42 per share. This will mark 7 consecutive years of dividend growth and follows a dividend hike of 11.3% in 2021. The increased NXRT dividend will be payable on December 30, 2022, to stockholders of record on December 15, 2022. A new annual rate of $1.68 per share yields 3.9% at a stock price of $43.40. NexPoint Residential Trust, Inc is an externally advised Real Estate Investment Trust (REIT), focused on the acquisition, asset management, and disposition of multifamily assets, located primarily in the Southeast United States and Texas. NXRT is externally advised by NexPoint Real Estate Advisors, L.P. an affiliate of Highland Capital Management, L.P.

On October 25, 2022, American Electric Power Company (AEP) announced that it will increase its quarterly dividend by 6.4 percent to 83 cents per share in 2022. This marks the 13th consecutive year of annual dividend increases by the utility holding company. The next AEP dividend is payable December 9, 2022, to shareholders of record as of November 10, 2022. A new annual rate of $3.32 per share yields 3.8% at a stock price of $88. American Electric Power Company, Inc. (AEP) is an electric utility company. AEP's family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide. AEP has paid a cash ...

On October 25, 2022, UniFirst Corporation (UNF) announced that it will raise its quarterly dividend by 3.3 percent to 31 cents per share. This is the second dividend hike since 2019, when UNF raised the dividend by 122.2 percent to $0.25 per share. The workplace uniforms maker, a Cintas peer, has now raised the dividend 5 years in a row based on annual dividends paid per calendar year. The next UNF dividend of $0.31 per share is payable on January 4, 2023, to shareholders of record on December 7, 2022. A new annual rate of $1.24 per share yields 0.7% at a stock price of $182. The annual dividend payment for UNF is approximately $23 million. UniFirst Corporation is a North American provider of workplace uniforms and protective work wear clothing. Together with its subsidiaries, the company also provides first aid and safety products, and manages specialized garment programs for the cleanroom and nuclear industries. UniFirst manufactures its own branded workwear, protective clothing, and...

On October 19, 2022, Prosperity Bancshares (PB) announced that it will raise its quarterly dividend by 5.8 percent to $0.55 per share in 2022. This marks the 23rd consecutive year of annual dividend increases. The next PB dividend is payable January 3, 2023, to shareholders of record as of December 15, 2022.  The fourth quarter dividend represents an increase of $0.03 per share, or 5.77%, from the prior quarter. Prosperity Bancshares, Inc. is a financial holding company. Through its bank subsidiary, Prosperity Bank, the company provides a range of financial products and services to small and medium-sized businesses and consumers. The company operates full service banking locations in Texas and Oklahoma.

Kontoor Brands, Inc. (KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.48 per share of its common stock, an increase of $0.02 or 4 percent. The cash dividend will be payable on December 19, 2022, to shareholders of record at the close of business on December 9, 2022. "Given our strong cash generating model, even during challenging macroeconomic conditions, we are announcing an increase to our quarterly dividend. This increase reflects management and the Board of Directors’ confidence in our resilient operating model, which allows us to continue to invest in key strategic growth initiatives, while also delivering superior cash returns to our shareholders," said Scott Baxter, Board Chair, Chief Executive Officer and President, Kontoor Brands.

ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced today that the Board of Directors approved and declared a regular quarterly cash dividend of $0.28 per share of ACNB Corporation common stock payable on December 15, 2022, to shareholders of record as of December 1, 2022. This per share amount reflects a 7.7% increase over the same quarter of 2021 and will result in aggregate dividend payments of approximately $2.4 million to ACNB Corporation shareholders in the fourth quarter of 2022. Compared to a year ago, ACNB Corporation paid a $0.26 dividend per common share in the fourth quarter of 2021. “The actions of the ACNB Corporation Board of Directors to enhance the quarterly cash dividend and to authorize a new common stock repurchase program reflects our ongoing and long-term commitment to maximizing shareholder value. Providing a fair return on the investment of the Corporation’s shareholders is fundamental and clearly...

On October 20, 2021, Pinnacle West Capital Corporation’s (PNW) board of directors voted  to raise the Company’s dividend by 1.8 percent, or 6 cents per common share annually. This action will result in an indicated annual dividend of $3.46 per share – or $0.865 per share quarterly. The declared quarterly dividend is payable Dec. 1, 2022, to shareholders of record at the close of business Nov. 1, 2022. This will mark 10 straight years of dividend growth by PNW. The new dividend yield is 5.4% at a stock price of $64.18 for Pinnacle West. Pinnacle West Capital Corp is an energy holding company based in Phoenix. The company operates through regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses and related activities, and includes electricity generation, transmission and distribution. Through its principal subsidiary, Arizona Public Service (APS), the company provides retail electricity service to homes and businesses in Arizo...

Water utility Middlesex Water Company (trading symbol MSEX) on October 21, 2022 announced a 7.8% dividend hike, marking the 50th consecutive year of dividend growth. The dividend yield is 1.6% at a stock price of $80.23 for MSEX.

On October 21, 2022, Mueller Water Products (MWA) announced that it will raise its quarterly dividend by 5.2 percent to 6.1 cents quarterly per share. This marks 8 straight years of higher dividends paid by MWA. The increased MWA dividend is payable on or about November 21, 2022, to stockholders of record as of the close of business on November 10, 2022. The dividend yield is 2.3% at a stock price of $10.69 for Meuller Water. Mueller Water Products, Inc. is a water infrastructure company that manufactures and sells products and services used in the transmission, distribution and measurement of water in North America. Its product and service portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment.

On October 21, 2022, Hubbell Incorporated (HUBB) announced that it will raise its quarterly dividend by 6.7 percent to $1.12 per share. This follows a dividend hike of 7.1 percent in 2021 by HUBB and marks 15 consecutive years of increased dividends. The new annual payment of $4.48 per share, or $1.12 per quarter, compares to the former rate of $4.20 per share, or $1.05 per quarter. The dividend will be paid on December 15, 2022 to shareholders of record on November 30, 2022. A new annual rate of $4.48 per share yields 2.1% at a stock price of $216. Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications.Hubbell Incorporated operates manufacturing facilities in the United States and around the world. The corporate headquarters is located in Shelton, CT.

On October 21, 2022, Middlesex Water (MSEX) announced that it will raise its quarterly dividend by 7.8% to $0.3125 per share. This marks 50 consecutive years of dividend growth by the water utility company. This increase raises the annual dividend rate to $1.25 from $1.16 per share of common stock. The dividend is payable December 1, 2022 to shareholders of record as of November 16, 2022. Middlesex Water Company has paid cash dividends in varying amounts continually since 1912. The new annual dividend rate yields 1.6% to MSEX shareholders at a stock price of $80.23. “Since 1912, Middlesex Water has demonstrated a consistent record of dividend growth. We are pleased, as we mark our 125th year, to attain a new milestone -- our 50th consecutive year of dividend increases. Our teams remain committed to continually enhancing the quality of our operations, to growing and developing our talented workforce and to further driving shareholder value,” said President and Chief Executive Officer De...

The board of directors of Magellan Midstream Partners, L.P. (MMP) has declared a quarterly cash distribution of $1.0475 per unit for the period July 1 through Sept. 30, 2022. The third-quarter 2022 distribution is 1% higher than the $1.0375 paid for both second quarter 2022 and third quarter 2021. The new distribution, which equates to $4.19 per unit on an annualized basis, will be paid Nov. 14 to unitholders of record at the close of business on Nov. 7. Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. Magellan owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation's refining capacity, and can store more than 100 million barrels of petroleum products such as gasoline, diesel fuel and crude oil.

Green Plains Partners LP (NASDAQ:GPP) today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.455 per unit on all of its outstanding common units for the third quarter of 2022, or $1.82 per unit on an annualized basis. The increase over the previous quarterly distribution of $0.45 per unit is the fifth consecutive increase. The distribution is payable on November 14, 2022, to unitholders of record at the close of business on November 4, 2022.

Cass Information Systems (CASS) will raise its quarterly dividend by 3.6 percent in 2022. This marks 21 consecutive years of increased dividends by CASS. Cass Information Systems, Inc. (Cass) is a provider of payment and information processing services to manufacturing, distribution and retail enterprises across the United States with operating locations in Missouri, Ohio, Massachusetts, South Carolina and Florida. Cass enables enterprises to achieve visibility, control and efficiency in their supply chains, communications networks, facilities and other operations. Cass was founded in 1906 and has continuously paid regularly scheduled cash dividends since 1934.

On October 20, 2022, IDACORP, Inc. (IDA) announced that it will raise its quarterly dividend by 5.3 percent to 79 cents per share. This will mark the company's 11th consecutive year of dividend increases. The next IDA dividend will payable November 30, 2022 to holders of record at the close of business on November 2, 2022. The dividend yield for IDACORP is 3.2% at a stock price of $97.32. IDACORP, Inc. is a holding company comprised of Idaho Power, a regulated electric utility; IDACORP Financial, a holder of affordable housing projects and other real estate investments; and Ida-West Energy, an operator of small hydroelectric generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978. The company has paid a dividend to shareholders every year since at least 1987.

On October 20, 2022, Penske Automotive (PAG) announced that it will hike its dividend by another 7.5% to 57 cents per share quarterly. This is the 4th dividend hike announced by PAG in 2022. The new dividend yield for PAG is 2.3% at a stock price of $97.45. "Based on our continued strong cash flow and the strength of the Company's diversified business model, we are delighted to provide our shareholders with an increase in the cash dividend," said Penske Automotive Group President, Robert Kurnick, Jr.  The dividend is payable December 1, 2022, to shareholders of record as of November 10, 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 an...

On October 20, 2022, Armstrong World Industries, Inc. (AWI) declared a new quarterly dividend of 25.4 cents per share, up 10% from the previous dividend. This comes after a 10 percent hike in 2021 and marks 4 straight years of increased dividends by AWI. The dividend will be paid on Nov. 17, 2022, to shareholders on record as of the close of business on Nov. 3, 2022. “This marks the fourth consecutive year we have announced an increase in our dividend and reflects the Board of Directors' continued confidence in our growth strategy and our ability to consistently generate steady cash flow and earnings,” said Vic Grizzle, President and CEO of Armstrong World Industries. “Our healthy balance sheet supports a balanced pursuit of all of our capital allocation priorities and returning cash directly to shareholders remains a core priority.” Armstrong World Industries, Inc. (AWI) is a global leader in the design, innovation and manufacture of commercial and residential ceiling, wall and su...

On October 19, 2022, Helmerich & Payne Inc (HP) announced that it will pay a special dividend of $0.235 per share. The regular quarterly dividend for HP is $0.25 per share. The Company has established its 2023 supplemental shareholder return plan, which is currently projected to provide approximately $100 million in additional cash returns to shareholders in the form of additional dividends. These supplemental dividends are expected to be paid in four, approximately equal, installments during fiscal 2023. These additional cash returns represent approximately 50% of the Company’s projected cash flow generation in fiscal 2023 after planned capital expenditures and after the Company’s already established “base” annual dividend of $1.00/share, which is roughly $110 million on an annualized basis. All such established base and supplemental dividends are subject to the determination and approval of the Company’s Board of Directors on a quarterly basis. Under the plan, the Company may uti...

The Board of Directors of the general partner has approved a cash distribution for common units attributable to the third quarter of 2022 of $0.45 per unit. This is the fourth consecutive quarterly increase. The $0.45 per unit represents an increase of 7% over the common distribution paid with respect to the prior quarter and an increase of 80% over the common distribution paid with respect to the third quarter of 2021. Distributions will be payable on November 17, 2022 to unitholders of record on November 10, 2022.

Heartland Financial USA, Inc. (HTLF), operating under the brand name HTLF, announced its Board of Directors approved a quarterly cash dividend of $0.28 per share of the company's common stock, an increase of $0.01, payable on November 29, 2022, to stockholders of record at the close of business on November 14, 2022. 

On October 19, 2022, Crown Castle International Corp (CCI) announced a 6.5% dividend hike to $1.565 quarterly per share. This marks 8 straight years of dividend growth by the communications REIT. Crown Castle's Board of Directors has declared a quarterly cash dividend of $1.565 per common share, representing an increase of approximately 6.5% over the previous quarterly dividend of $1.47 per share. The quarterly dividend will be payable on December 30, 2022 to common stockholders of record at the close of business on December 15, 2022. “We are excited about the activity levels across our business as our customers are deploying 5G at scale, highlighted by the nearly 6.5% organic revenue growth in our Towers segment year to date,” stated Dan Schlanger, Crown Castle’s Chief Financial Officer. “In the near term, the rapidly rising interest rate environment has accelerated an increase in our expected 2023 interest expense, causing some headwinds to our growth in 2023. These headwinds are...

The Company’s Board of Directors declared a quarterly cash dividend of $0.215 per common share, the 77th consecutive increase since the initiation of dividend payments in 2003. The Company’s Board of Directors declared a quarterly cash dividend of $0.215 per common share, payable on December 22, 2022 to shareholders of record at the close of business on November 18, 2022. This represents the 78th consecutive quarterly cash dividend payment, as well as the 77th consecutive increase since the initiation of quarterly cash dividend payments in 2003.

On October 19, 2022, Celanese Corp (CE) announced that it will raise its quarterly dividend by 2.9 percent to $0.70 per share. However this marks the 13th consecutive year of dividend increases by the specialty materials company based on total dividends paid in each calendar year. The next dividend is payable on November 14, 2022 to stockholders of record as of October 31, 2022. The new dividend yield for CE is 3.0% at a stock price of $93.10. “We have a decade-long history, which our shareholders value, of annual growth in the dividends paid per share across each year,” said Lori Ryerkerk, chairman and chief executive officer. “On a full year basis, this increase in the quarterly dividend represents an additional cash commitment of less than $10 million on current shares outstanding. This increase in the quarterly dividend is consistent with what was contemplated in the deleveraging plan which we outlined when we announced the acquisition of Mobility & Materials.” Celanese Corpora...

On October 18, 2022, Insurance broker Brown & Brown, Inc. (BRO) announced that it will raise its quarterly dividend by 12.2 percent to 11.5 cents per share. This comes on the back of a 10.8 percent hike to 10.25 cents per share in 2021. Dividend Aristocrat Brown & Brown has now raised its dividend 29 consecutive years. The next BRO dividend is payable on November 16, 2022, to shareholders of record on November 2, 2022. The dividend represents a 12.2% increase from the previous regular quarterly cash dividend of $0.1025 per share and is the twenty-ninth consecutive annual dividend increase for the Company. Brown & Brown, Inc. is an insurance brokerage firm, providing risk management solutions to individuals and businesses. The company markets and sells insurance products and services, in the property, casualty and employee benefits areas. BRO operates through four segments: Retail, National Programs, Wholesale Brokerage and Services.  The Retail segment provides a range ...

On October 18, 2022, Lincoln Electric Holdings, Inc. (LECO) announced that it will raise its quarterly dividend by 14.3% to 64 cents per share. This will mark the 27th consecutive year of annual dividend increases by the welding products maker. The dividend is payable January 13, 2023 to shareholders of record at the close of business on December 31, 2022. The new dividend yield for LECO is 1.9% at a stock price of $133. “Our dividend increase reflects the strong execution of our Higher Standard 2025 Strategy and our confidence in the strength of future cash flow generation through the cycle,” said Christopher L. Mapes, Chairman, President and Chief Executive Officer. Lincoln Electric Holdings, Inc. is a manufacturer of arc welding products, robotic arc welding systems, plasma and oxy-fuel cutting equipment and has a leading global position in the brazing and soldering alloys market. The three operating segments consist of Americas Welding, International Welding and The Harris Products...

On October 18, 2022, the Board of Directors of Stepan Company approved an increase of $0.030 per share, or 9.0%, on its quarterly cash dividend on its common stock. The dividend of $0.365 per share is payable on December 15, 2022, to common stockholders of record on November 30, 2022. The increase marks the 55th consecutive year in which the quarterly dividend rate on the Company's common stock has increased. Stepan Company and its subsidiaries produce specialty and intermediate chemicals, which are sold to other manufacturers and used in a variety of end products. The company has three reportable segments: Surfactants, Polymers and Specialty Products. Surfactants are the basic cleaning agent in detergents for washing clothes, dishes, carpets, fine fabrics, floors and walls and are also used in personal care products and commercial and industrial applications. Polymers are used in the manufacture of construction materials, coatings, adhesives, sealants and elastomers (CASE) applica...

 S&T's Board of Directors approved a $0.31 per share cash dividend on October 17, 2022. This dividend compares to a $0.29 per share cash dividend declared in the same period in the prior year. The dividend is payable November 17, 2022 to shareholders of record on November 3, 2022.

On October 11, 2022, Tanger Factory Outlet Centers (SKT) announced its second dividend hike this year with a new quarterly dividend of 22 cents per share (+10%). This brings the total dividend growth for 2022 to 20.5% for the REIT. The next SKT dividend is payable on November 15, 2022 to common shareholders of record on October 31, 2022. A new annual dividend rate of $0.88 per share will yield 5.5% at a stock price of $16.34 for Tanger Factory Outlet Centers.  Tanger Factory Outlet Centers, Inc. is a REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of upscale outlet shopping centers. Tanger's operating properties are located in more than 20 states coast to coast and in Canada. Since becoming a public company in May 1993, the company had paid a cash dividend each quarter and has increased its dividend each year. In 2020 the dividend was suspended because of the COVID-19 pandemic, ending a record of 27 consecutive y...

On October 11, 2022, Commercial Metals Company (CMC) declared a $0.16 per share quarterly dividend, up 14.3% from the previous dividend of $0.14 quarterly per share. A new annual dividend rate of 64 cents yields 1.6% at a stock price of $42.49. CMC's 232nd consecutive quarterly dividend will be paid on November 10, 2022, to stockholders of record as of the close of business on October 27, 2022. Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products and provide related materials and services through a network including seven electric arc furnace ("EAF") mini mills, two EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the U.S. and Poland. Commercial Metals Company, established in 1915, has been paying a dividend every year since at least 1964.

On October 12, 2022, Northwest Natural Holding, formerly Northwest Natural Gas Company (NWN) announced that it will raise its quarterly dividend by another 0.5 percent to $0.485 per share in 2022. This follows similar dividend hikes announced by the utility company in the last couple of years. Northwest Natural has now increased its dividend for 67 consecutive years, making it the co-record holder in the United States. The next NWN dividend will be paid on November 15, 2022 to shareholders of record on October 31, 2022. The Company's indicated annual dividend rate is $1.94 per share and yields 4.3% at a stock price of $45.78. Northwest Natural Holding will now pay an estimated annual dividend of $66 million to shareholders. The company has announced a dividend hike of 0.5 percent in each of the last 8 years with dividend growth slowing since at least 2007.  Northwest Natural Holding Company provides natural gas service to residential, commercial, and industrial in western Oregon an...

On October 13, 2022, Dividend Aristocrat A.O. Smith Corporation (AOS) declared a new quarterly dividend of 30 cents per share, up 7.1% from the previous quarterly dividend by the boiler and water products maker. A.O. Smith has now raised the dividend 29 straight years. The dividend is payable on November 15 to shareholders of record October 31, 2022. A new annual rate of $1.20 per share for AOS yields 1.5% at a stock price of $49. The new annual dividend payment will jump to $187 million for AOS. The average 5 year dividend growth rate for AOS drops from 18.5 percent to 16.5 percent annually if we include this latest hike. "This dividend increase reflects our confidence in the stability in our replacement demand inherent in our water heating and boiler businesses, as well as our focus on returning capital to shareholders," said Kevin J. Wheeler, chairman and chief executive officer. "We are proud to say the five-year compound annual growth rate of our dividend rate is mo...

Dividend Aristocrat A.O. Smith Corporation (trading symbol AOS) has declared a new quarterly dividend of 30 cents per share on October 13, 2022. This will mark the 29th consecutive year of increased dividends by the heating products maker.

On October 14, 2022, Hingham Savings (HIFS) announced that it will raise its quarterly dividend by another 3.4% to 61 cents per share in 2022. The dividend yield for HIFS is 1.0% at a stock price of $247. Hingham Institution for Savings is a Massachusetts-chartered savings bank located in Hingham, Massachusetts.  Incorporated in 1834, it is one of America’s oldest banks.  The Bank’s Main Office is located in Hingham and the Bank maintains offices on the South Shore, in Boston (South End and Beacon Hill), and on the island of Nantucket.  The Bank also provides commercial mortgage lending and private banking services in the Greater Washington D.C. metropolitan area. Hingham Institution for Savings has paid a dividend to shareholders every year since 1993.

On October 14, 2022, Agree Realty (ADC) announced that it will raise its monthly dividend by another 2.6 percent to $0.24 per share. This follows a dividend hike of 3.1 percent to $0.234 per share monthly earlier in 2022. The monthly dividend reflects an annualized dividend amount of $2.880 per common share, representing a 5.7% increase over the annualized dividend amount of $2.724 per common share from the fourth quarter of 2021. The dividend is payable November 14, 2022 to stockholders of record at the close of business on October 31, 2022. Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. Its community shopping centers include Capital Plaza, Frankfort; Central Michigan Commons, Mount Pleasant, and West Frankfort Plaza, West Frankfort. Agree Realty Corporation has paid a dividend to shareholders every year since 1993.

On October 13, 2022, McDonald's (trading symbol: MCD) announced 10.1% dividend increase to a new record high of $1.52 quarterly per share. This marks the 46th consecutive year of dividend growth for the  the world's leading global foodservice retailer.

On October 13, 2022, Service Properties Trust (SVC) declared a dividend hike of 1900% from $0.01 to $0.20 quarterly per share. This is one of the biggest dividend hikes in the USA announced in 2022. Service Properties Trust today announced its Board of Directors has declared a quarterly cash dividend at $0.20 per common share ($0.80 per share per year), representing a 37% payout ratio based on Q2 2022 normalized funds from operations, or Normalized FFO. This distribution will be paid to SVC’s common shareholders of record as of the close of business on October 24, 2022 and distributed on or about November 17, 2022. Brian Donley, Service Properties Trust’s Chief Financial Officer and Treasurer, made the following statement: “As the result of the continued improved performance of our hotel portfolio and the steady performance of our net lease assets, we are pleased to declare our quarterly common dividend at $0.20 per share. We believe the dividend at this level is well covered and susta...

On October 12, 2022, Avient Corp (AVNT), formerly PolyOne Corporation (POL), announced that it will raise its quarterly dividend by 4.2 percent to 24.75 cents per share. This follows a dividend hike of 11.8 percent to 23.75 cents per share in 2021 and marks the 11th consecutive year of dividend increases by provider of specialized polymer materials. The $0.2475 per share will be paid on January 6, 2023, to stockholders of record on December 16, 2022.  On an annualized basis, the dividend will increase from $0.95 to $0.99 per share on the common stock outstanding. On an annualized basis, the dividend will increase to $0.99 per share, yielding 3.2% at a stock price of $33 to AVNT shareholders. "We are pleased to raise our dividend for the twelfth consecutive year," said Robert M. Patterson, Chairman, President and Chief Executive Officer, Avient Corporation.  "Since first introducing the dividend in 2011, it has increased at a compounded annual growth rate of 16%.  This is...

On October 12, 2022, THOR Industries, Inc. (THO) announced that it will raise its quarterly dividend by 4.7 percent to 45 cents per share. This comes on the back of a 4.9 percent dividend hike by THO to 43 cents per share in 2021. The recreational vehicle maker has raised its dividend every year since 2010 with 2022 marking the 13th year in a row of dividend increases.  The next regular cash dividend for THO is payable on November 9, 2022, to shareholders of record at the close of business on October 26, 2022. A new annual rate of $1.80 per share for THO in October 2022 yields 2.3% at a stock price of $80. The next ex-dividend date for THO is October 25, 2022. THOR Industries, Inc. is a manufacturer of recreational vehicles. The company offers motorhomes, camping, fifth-wheel, and travel trailers. Its brands include Airstream, Bison Coach, Jayco, Keystone and Thor Motor Coach. The company’s vehicles are sold primarily throughout the United States and Canada. THOR became a publicly ...

On October 11, 2022, Gladstone Land Corporation (LAND) announced a 0.4% dividend hike to $0.0458 per share monthly. LAND has paid 116 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 28 times over the prior 31 quarters.  The next monthly dividend by Gladstone Land will be paid on October 31, 2022 to shareholders of record on October 21, 2022. The dividend yield is 3.0% at at stock price of $18.93 for LAND. Gladstone Land has now raised its monthly dividend for 8 consecutive years. Gladstone Land Corporation is a real estate investment trust that specializes in purchasing farms and farm-related properties and leasing them to farmers. Gladstone Land owns farmland in Arizona,  California, Colorado, Florida, Michigan, Nebraska, North Carolina, Oregon and Washington. The company acquires farmland that it rents to corporate and independent farmers on a triple-net le...

On October 11, 2022, MSC Industrial Direct (MSM) announced al 5.3% dividend hike to 79 cents per share quarterly. This is the first increase by MSM since 2019. The dividend yield is 4.1% at a stock price of $76 for MSM. MSM, premier distributor of Metalworking and Maintenance, Repair and Operations (MRO) products and services to industrial customers throughout North America , today announced that its Board of Directors has declared a cash dividend of $0.79 per share, representing a 5% increase from the previous regular quarterly dividend of $0.75 per share. The $0.79 dividend is payable on November 29, 2022 to shareholders of record at the close of business on November 15, 2022 . The ex-dividend date is November 14, 2022 . MSC Industrial Direct Co., Inc. is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The company serves customers throughout the United States, Canada and the United Kingdom, from individual machi...

Coatings and sealants maker RPM International (ticker symbol RPM) announced a 5.0% dividend hike on October 6, 2022, marking the 49th consecutive year of dividend growth. 

On October 6, 2022, RPM International (RPM) announced a 5 percent dividend hike to $0.42 quartery per share, marking the 49th consecutive year of increased dividends by the US coatings and sealants maker. This comes on the back of a 5.3 percent dividend hike by RPM in 2021. The next RPM dividend is payable on October 31, 2022, to stockholders of record as of October 17, 2022. The annual dividend now yields 1.8% at a stock price of $91 for RPM. “The incredible efforts of RPM associates and their ability to collaboratively address the challenges we’ve faced have enabled RPM to continue to drive growth, at the same time we are achieving greater operational efficiency across all our businesses,” stated Frank C. Sullivan, RPM chairman and CEO. “We remain committed to delivering sustainable, long-term value for our stockholders, and our 49th consecutive year of increasing our dividend exemplifies this commitment.” RPM International Inc. is a manufacturer of specialty coatings, sealants, buil...

In October 2022, investors with a smaller budget can now finally buy Nintendo shares more easily. The Japanese gaming company split its shares in the ratio 1:10.

On October 3, 2022, Bank OZK (OZK) announced that it will raise its quarterly dividend by another 3.1 percent to 33 cents per share. This is the 4th dividend hike announced by OZK in 2022 for a total increase of 13.8%. The common stock dividend is payable on October 21, 2022 to shareholders of record as of October 14, 2022. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last forty-nine quarters. Bank OZK’s consistent track record of increasing its common stock dividend has led to it being included in the S&P High Yield Dividend Aristocrats® index since January 2018. The index consists of members of the S&P Composite 1500® that have followed a managed-dividends policy of consistently increasing common stock dividends every year for at least 20 years, and that meet minimum float-adjusted market capitalization and liquidity requirements. Bank OZK, formerly Bank of the Ozarks, Inc. is a bank holding company. The Company owns a state-chartered ...