Top-10 dividend hikes week 50 | Eli Lilly, Pfizer, WM and Lamb Weston

Lamb Weston hiked the dividend by 28.6% in 2023.

The biggest dividend hike in week 50 was announced by potato products supplier Lamb Weston, with a 28.6% increase. Other interesting companies announcing dividend hikes include Pfizer, Eli Lilly, Waste Management, Realty Income en multiple Dividend Aristocrats. Also we had special dividend announcements by Costco and W.R. Berkley. 

In a very busy week more than 30 US listed companies announced dividend hikes, led by Lamb Weston (LW). The potato specialist raised by 28.6% to $0.36 quarterly per share, marking 7 straight years of dividend growth. The dividend yield for Lamb Weston is 1.4%.

The video below shows you all the relevant dividend news for week 50, including increases by Pfizer, Waste Management and special dividend announcement of $15.00 per share by Costco Wholesale and $0.50 per share by W.R. Berkley. Last but not least, Dividend Aristocrat Realty Income announced its fifht dividend hike for 2023. Other Aristocrats announcing a dividend hike last week are Pentair, Abbott Laboratories, Franklin Templeton and Nucor.

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The video above also shows some interesting facts on Eli Lilly (LLY), one of the most succesful companies of this moment. The pharma company announced another 15% dividend hike, marking 10 straight years of dividend growth. 

LLY continues with 15% hikes (source: Dividend Freak)

Dividend Freak shows us that Eli Lilly only started hiking by double digits in 2018; prior to that year dividend growth was minimal with no increases from 2009 to 2013. Check the video for all information and don't forget to subscribe!