Dividend Track Records

On June 29, 2023, Greenbrier Cos (GBX) announced a dividend hike of 11.1% to $0.30 quarterly per share. This is the first dividend hike by the rail company since 2020. A new annualized dividend rate of $1.20 per share yields 2.78% at a stock price of $43.10. The next GBX dividend is payable on August 8, 2023 to shareholders of record as of July 18, 2023. Greenbrier Companies Inc, headquartered in Lake Oswego, Oregon, is a supplier of equipment and services to global freight transportation markets. Greenbrier designs, builds and markets freight railcars and marine barges in North America. Greenbrier Europe is an end-to-end freight railcar manufacturing, engineering and repair business with operations in Poland, Romania and Turkey that serves customers across Europe and in the nations of the Gulf Cooperation Council. Greenbrier builds freight railcars and rail castings in Brazil through two separate strategic partnerships. The company is a provider of freight railcar wheel services, part...

On June 22, 2023, Kroger Co (ticker symbol KR) announced a new quarterly dividend of $0.29 per share, up 11.5% from the previous quarterly dividend. The new annualized dividend rate of $1.16 per share translates into a 2.5% dividend yield at a stock price of $47.00 for Kroger. Kroger has raised its dividend 17 consecutive years if this new 2023 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 Food Store, Kroger, Owens Market, Pay-Less Super Markets, QFC, Ralphs and Smith's Food and Drug. The Kroger Co. was founded in 1883 and incorporated in 1902. 

On June 22, 2023, Matson (MATX) announced a dividend hike of 3.2% to $0.32 quarterly per share. A new annual rate of $1.28 per share yields 1.6% at at stock price of $78. This marks the 11th consecutive year of dividend growth for MATX. Originally founded in 1882, Matson is a provider of ocean transportation and logistics services. Matson services the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia. Matson also operates a premium, expedited service from China to Southern California and provides services to Okinawa, Japan and various islands in the South Pacific. Its integrated, asset-light logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, Asia supply chain services, and forwarding to Alaska. Matson was separated from Alexander & Baldwin on July 2, 2012.

On June 15, 2023, Dividend champion National Fuel Gas (NFG) announced a 4.2% dividend hike to a new record high quarterly payment of $0.495 per share. This marks 53 consecutive years of dividend growth for NFG.

With a dividend hike of only 1.9% to $1.10 quarterly retailer Target (TGT) surely disappointed many dividend growth investors. It's the smallest hike in decades by the Dividend Aristocrat.

W. P. Carey Inc. (WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.069 per share, equivalent to an annualized dividend rate of $4.28 per share. The dividend is payable on July 14, 2023 to stockholders of record as of June 30, 2023. The dividend yield for WPC is 6.08%. 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 1998.

Delta Air Lines' (DAL) Board of Directors today declared a quarterly dividend of $0.10 per share. The dividend is payable to shareholders of record as of the close of business on July 17, 2023, and will be paid on August 7, 2023. This resumption of Delta's quarterly dividend following the suspension of the program in March 2020 reflects Delta's progress on its three-year financial plan, including over $10 billion of debt repayment over the last two years. The new annual dividend rate of $0.40 per share will yield 0.93% at a stock price of $42.79. Delta Airlines is a major airline company based in the United States, operating a network of domestic and international flights, providing passenger and cargo transportation services. Delta reinstated its quarterly dividend in 2023.

Target Corporation (TGT) today announced a 1.9% dividend hike to $1.10 quarterly per share on June 15, 2023. This marks 52 consecutive years of dividend growth by Target but also is the smallest dividend hike in many years by the retailer. The dividend is payable Sept. 10, 2023 to shareholders of record at the close of business August 16, 2023.  The 3rd quarter dividend will be the company's 224th consecutive dividend paid since October 1967 when the company became publicly held.  With the increase announced today, 2023 is on track to be the 52nd consecutive year in which Target has increased its annual dividend. The dividend yield for Target is 3.3% at a stock price of $133.81. 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 comparable to traditional supermarkets, including perishables, dry grocery, dairy, and frozen items. The company sells national...

On June 15, 2023, Paramount Group, Inc. (PGRE) announced that its board of directors has declared a reduced quarterly cash dividend of $0.035 per share of common stock (a new indicated annual rate of $0.14 per share), for the period from April 1, 2023 to June 30, 2023. The dividend will be payable on July 14, 2023, to stockholders of record as of the close of business on June 30, 2023. The reduced dividend will enable Paramount to retain an additional $40 million of cash annually, further enhancing Paramount’s already strong financial position. Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabil...

Essential Properties Realty Trust, Inc. (EPRT) today announced that it will raise its quarterly dividend by 1.8% to $0.28 quarterly per share. The new dividend yield for EPRT is 4.6% at a stock price of $24.50. On an annualized basis, this dividend of $1.12 per share of common stock represents an increase of $0.02 per share over the previous annualized dividend. The dividend is payable on July 14, 2023, to stockholders of record as of the close of business on June 30, 2023. 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 became a public company in 2018 and paid its first quarterly dividend later that year.

On June 5, 2023, real estate investment trust Alexandria Real Estate Equities (ARE) announed a 2.5% dividend hike to $1.24 quarterly per share. The dividend is payable on July 14, 2023, to shareholders of record on June 30, 2023. The common stock dividend for the 12 months ending June 30, 2023, of $4.84 per common share represents an increase of 24 cents, or 5 percent, over the 12 months ended June 30, 2022. At a stock price of $115.43 the dividend yield for Alexandria Real Estate Equities is 4.3%. The company has now hiked its dividend for 14 consecutive years with a 5 year CAGR of 5.0%. Alexandria Real Estate Equities, Inc. is an urban office real estate investment trust (REIT) focused on collaborative life science and technology campuses in AAA innovation cluster locations. Its locations include Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland and Research Triangle. Alexandria Real Estate Equities was founded in 1994 and has paid a dividend every year s...