Dividend Track Records

AbbVie has just announced a 4.7% dividend hike October 2023 is a busy month with many US listed stock announcing dividend hikes, including Dividend Aristocrats AbbVie and Exxon Mobil. Check all dividend hike announced on October 27, 2023.

On October 9, 2023, Dividend Aristocrat A.O. Smith Corporation (AOS) declared a new quarterly dividend of 32 cents per share, up 6.7% from the previous quarterly dividend by the boiler and water products maker. A.O. Smith has now raised the dividend 30 straight years. The new dividend yield for AOS is 1.8% at a stock price of $69. The next ex-dividend date for AOS is October 30, 2023. A. O. Smith Corporation is manufacturer of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment products for residential and light commercial applications. In North America, A.O. Smith also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. The company is headquartered in Milwaukee, WI, and has operations in the U.S., Canada, China, India, Mexico, the Netherlands, Turkey, the United Kingdom and Vietnam. A. O. Smith Corporation has paid cash dividends on its common stock eve...

On October 10, 2023, MAXIMUS, Inc. (MMS) announced that it will raise its quarterly dividend by 7.1% to $0.30 quarterly per share. This is the first dividend hike by MMS since 2019. The new dividend yield for Maximus is 1.55% at a stock price of $77. The next ex-dividend date will be November 14, 2023. MAXIMUS, Inc. provides business process services to government health and human services agencies that contribute to improved outcomes for citizens and higher levels of productivity, accuracy, accountability and efficiency of government-sponsored programs. MAXIMUS is a partner to government agencies in the United States, Australia, Canada, Saudi Arabia, Singapore and the United Kingdom. The company’s Human Services segment provides national, state and local human services agencies with services for welfare-to-work, child support, higher education and education programs. MAXIMUS was founded in 1975.

On October 10, 2023, THOR Industries, Inc. (THO) announced that it will raise its quarterly dividend by 6.7% to $0.48 quarterly per share. This marks 14 consecutive years of dividend growth with a 5 year CAGR of 4.2%. The dividend yield for THO is 2.0% at a stock price of $92.20. The next ex-dividend date is October 31, 2023. 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 traded company in 1984 and was later listed on the New York Stock Exchange in 1986. THOR Industries has paid a dividend to shareholders every year since at least 1989. The company was founded in 1980 by Wade Thompson and Peter Orthwein with the purchase of Airstream.

On October 2, 2023, American Financial Group, Inc. (AFG) declared a new quarterly dividend of $0.71 per share, up 12.7% from the previous quarterly payment. This marks 18 consecutive years of increased dividends by the insurer known for its regular special dividend payments.  The next AFG dividend is payable on October 25, 2023, to holders of record on October 13, 2023. The dividend yield for AFG is 2.52% at a stock price of $112.49. The next ex-dividend date will be October 12, 2023. 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...

On October 4, 2023, McDonald's Corporation (MCD) announced a 9.9% dividend hike to a new quarterly high of $1.67 per share. This marks 47 consecutive years of increased dividends by the fastfood restaurant chain operator. The next dividend will be paid to MCD shareholders on December 15 with an ex-dividend date of November 30. The dividend yield for MCD is 2.69% at a stock price of $248. McDonald's Corporation (McDonald's) operates and franchises McDonald's restaurants with locations in over 100 countries. Over 90% (approximately 93% as of October 8, 2020: source company press release) of McDonald's restaurants worldwide are owned and operated by independent local business men and women.  The Company's restaurants serve a locally relevant menu of food and drinks sold at various price points. McDonald's has a strong history of returning capital to its shareholders and has raised its dividend for over 40 years consecutively since paying its first dividend in 1...

On October 5, 2023, RPM International (RPM) hiked its dividend by 9.5% to a new record high of $0.46 quarterly per share. This marks 50 consecutive years of increased dividends by the coatings and sealants maker. The next dividend will be paid on October 31 with an ex-dividend date of October 17. The dividend yield for RPM is 1.88% at a stock price of $98. RPM International Inc. is a manufacturer of specialty coatings, sealants, building materials and related services. The company's four reportable segments are Construction Products, Performance Coatings, Consumer and Specialty Products. RPM's brands include API, Carboline, CAVE, DAP, Day-Glo, Dri-Eaz, Dryvit, Euclid, EUCO, Fibergrate, Flecto, Flowcrete, Grupo PV, Hummervoll, illbruck, Mohawk, Rust-Oleum, Stonhard, TCI, Toxement, Tremco, Tuf-Strand, Universal Sealants, Viapol, Watco and Zinsser. RPM was founded in 1947 and typically pays its quarterly dividends on the 31st of July, October and January and the 30th of April.

On October 6, 2023, Lockheed Martin (LMT) announced a 5% dividend hike to $3.15 quarterly per share. This marks 21 consecutive years of increased dividends. The next LMT dividend will be paid on December 29, 2023. The dividend yield is 3.14% at a stock price of $400.73. Lockheed Martin is a security and aerospace company that is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The company also provides a broad range of management, engineering, technical, scientific, logistics, system integration and cybersecurity services. Lockheed serves both U.S. and international customers with its principal customers being agencies of the U.S. Government. The company's four business segments are: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. Lockheed has paid a dividend every year since 1995.

Apart from the United States there are hardly any Dividend Aristocrats elsewhere in the world. Canada, for example, only has ten at the moment, with two companies topping the bill with 50 years of increased dividends.

On October 2, 2022, Bank OZK (OZK) announced the 4th dividend hike for 2023 with a 2.8% increase of the quarterly payment to $0.37 per share. This brings the total dividend hike in 2023 to 12.1% for OZK. The dividend yield is 4.1% at a stock price of $35.79. The common stock dividend is payable on October 20, 2023 to shareholders of record as of October 13, 2023. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-three quarters. Bank OZK, formerly Bank of the Ozarks, Inc. is a bank holding company. The Company owns a state-chartered subsidiary bank that conducts banking operations in Arkansas, Georgia, North Carolina, Texas, Florida, Alabama, South Carolina, New York and California. The company's deposit services, including checking, savings, money market, time deposit and individual retirement accounts and loan services, including real estate, consumer, commercial, industrial and agricultural loans and leasing services. OZK also provid...

On September 25, 2023, T-Mobile US Inc (TMUS) declared its first ever quarterly dividend of $0.65 per share. This dividend was already announced previously and yields 1.9% at a stock price of $140 for TMUS. The total dividend payment is a whopping $3.06 billion. The ex-dividend date for TMUS will be November 30, 2023. On September 25, 2023, the Board of Directors of T-Mobile US, Inc. declared a cash dividend of $0.65 pershare on its issued and outstanding shares of common stock. The dividend is payable on December 15, 2023 to stockholders of record as ofthe close of business on December 1, 2023.This is the first quarterly cash dividend declared by the Company following the Board approval in early September 2023 of a shareholderreturn program of up to $19.0 billion that will run through December 31, 2024, consisting of share repurchases and cash dividends. Aspreviously communicated, the Company intends to declare and pay approximately $3.0 billion in dividends in 2024, with payments occ...