Dividend Track Records

AGCO, Your Agriculture Company, (AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced that its Board of Directors declared a special variable dividend in the amount of $5.00 per share and also increased the quarterly dividend to $0.29 per outstanding share, up $0.05 from $0.24 per outstanding share paid last quarter. “Our record 2022 and healthy financial outlook for 2023 enable us to accelerate technology-related investments that benefit farmers and continue to return cash to our shareholders,” said Eric Hansotia, AGCO Chairman, President and Chief Executive Officer. “Given our strong financial position, AGCO’s Board of Directors approved our third consecutive special variable dividend of $5.00 per share, which is more than a ten percent increase versus last year’s special variable dividend.” "Given the structural improvement in our profitability, we have also increased our quarterly dividend by ...

Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.48 per share of common stock to shareholders of record as of May 12, 2023. The dividend is payable June 2, 2023. The dividend represents an 11% increase over the previous quarterly cash dividend of $1.33 per common share and is the company's 292 nd consecutive quarterly dividend.  The dividend yield for PH is 1.8% at a stock price of $325. "This double-digit increase in our quarterly dividend reflects the Board’s confidence in our ability to consistently generate strong cash flow,” said Todd Leombruno, Executive Vice President and Chief Financial Officer. “Our record of increasing our annual dividend payout now stands at 67 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index, and continues t...

Sonic's Board of Directors approved a 3.6% increase to the Company's quarterly cash dividend, to $0.29 per share, payable on July 14, 2023 to all stockholders of record on June 15, 2023. The dividend yield for SAH is 2.52% at a stock price of $44.52. Heath Byrd, Chief Financial Officer of Sonic Automotive, added, “Our diversified business model continues to allow us to focus on the long-term growth potential at EchoPark and our powersports business, while utilizing the cash flows from our franchised dealerships business to support our capital strategy via our dividend and share repurchases while continuing to invest in the business. We are increasingly focused on our disciplined, return-based capital allocation in the face of an uncertain macroeconomic outlook. As of March 31, 2023, we had $893 million of liquidity, including $432 million in cash and floor plan deposits on hand, which we believe provides us flexibility to strategically deploy capital in 2023 and beyond to conti...

On April 26, 2023, the Board of Directors of Employers Holdings (EIG) declared a regular quarterly dividend of $0.28 per share, an increase of 8% from the prior quarterly dividend of $0.26 per share. The dividend is payable on May 24, 2023 to stockholders of record as of May 10, 2023. The dividend yield for EIG is 2.5% at a stock price of $39.59. “Lastly, we raised our regular quarterly dividend to $0.28 per share, an increase of 8%. This action reflects our strong balance sheet, abundant underwriting capital and our confidence in the Company’s future operations.” Employers Holdings, Inc. is a holding company. Through its insurance subsidiaries, the company provides workers' compensation insurance coverage to select, small businesses in low to medium hazard industries.

On April 28, 2023, Paychex, Inc. (PAYX), a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that its board of directors approved a $.10 increase in the company’s regular quarterly dividend, an increase of 13 percent. The dividend will increase from $.79 per share to $.89 per share and is payable May 25, 2023 to shareholders of record May 11, 2023. The dividend yield for PAYX is 2.9% at a stock price of $110. “Our board’s decision to again increase the quarterly dividend demonstrates our strong financial position and confidence in our ability to continue to return value to our shareholders, while also investing for growth in the business today and in the future,” said Paychex President and CEO, John Gibson. In fiscal 2023, ending on May 31, 2023, Paychex expects to return approximately $1.2 billion in dividends to shareholders. Paychex, Inc., incorporated in 1979, is a provider of i...

On April 27, 2023, Federated Hermes' board of directors declared a dividend of $0.28 per share, a 4% increase from Q4 2022. The dividend is payable on May 15, 2023 to shareholders of record as of May 8, 2023. The dividend yield for FHI is 2.55% at a stock price of $41.33. Federated Hermes, Inc. is a global leader in active, responsible investment management, with $701.0 billion in assets under management. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide. Our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York and offices worldwide.

Dividend star  Parker Hannifin (ticker PH) will hike its quarterly dividend by 11.3% to $1.48 per share, marking 67 consecutive years of increased dividends by the motion and control technologies company.

On April 20, 2023, Donegal Group (DGICA) announced that it will raise its quarterly dividend by 3.0 percent to $0.17 per share of the company's Class A common stock. This follows a 3.1 percent dividend hike in 2022 by the insurance company and marks 21 consecutive years of dividend growth.

On April 21, 2023, SB Financial Group (SBFG) declared a 4% dividend hike to $0.13 quarterly per share. This marks the 10th consecutive year of increased dividends by SBFG. The dividend yield is 3.54% at a stock price of $14.42. SB Financial Group, Inc. is a bank holding company. Through its direct and indirect subsidiaries, the Company is engaged in a range of activities, including commercial banking, item processing and wealth management services.

On April 20, 2023, Bar Harbor Bankshares (ticker BHB), the parent company of Bar Harbor Bank & Trust, announced a 7.7% dividend increase to a new record high of $0.28 quarterly per share. The dividend yield for BHB jumps to 3.98%.

On April 20, 2023, Donegal Group (DGICA) announced that it will raise its quarterly dividend by 3.0 percent to $0.17 per share of the company's Class A common stock. This follows a 3.1 percent dividend hike in 2022 by the insurance company and marks 21 consecutive years of dividend growth. Donegal Group Inc. reported that its board of directors declared a regular quarterly cash dividend of $0.17 per share of the Company’s Class A common stock and $0.1525 per share of the Company’s Class B common stock. The dividends are payable on May 15, 2023 to stockholders of record as of the close of business on May 1, 2023. These dividends represent percentage increases of 3.0% for the Company’s Class A common stock and 3.4% for the Company’s Class B common stock compared to the previous quarterly cash dividend rates. Donegal Group Inc. is an insurance holding company whose insurance subsidiaries offer personal and commercial property and casualty lines of insurance in 21 Mid-Atlantic, Midwest...

On April 20, 2023, the Griffon Corp (GFF) board approved two actions to return additional capital to shareholders. First, Griffon increased its share repurchase authorization to $258 million from the prior unused authorization of $58 million. Second, the Griffon Board declared a special cash dividend of $2.00 per share, payable on May 19, 2023 to shareholders of record as of the close of business on May 9, 2023. “Over the past year, our financial performance has improved despite headwinds in the housing market and the global economy. We remain confident about our business and operating strategy,” said Ronald J. Kramer, Chairman and CEO of Griffon. “The special dividend announced today demonstrates our commitment to providing immediate value to our shareholders, and reflects the confidence of Griffon’s Board and management regarding our outlook.” “We have a strong balance sheet with no significant debt maturities until 2028. Regarding our capital allocation, we expect to utilize excess ...