Top 10 Dividend Hikes United States so far in 2024

Dividend hikes are always a point of interest for investors looking to maximize their returns. Here, we present the top 10 companies with the largest year-to-date (YTD) dividend hikes in 2023. These companies have demonstrated significant growth in their dividend payouts, reflecting their financial health and commitment to returning value to shareholders.

1. Cal-Maine Foods Inc (CALM) | +16516.7%

Cal-Maine Foods Inc is the largest producer and distributor of fresh shell eggs in the United States. The company's primary focus is on the production, grading, packaging, marketing, and distribution of shell eggs. They supply a variety of eggs, including conventional, cage-free, organic, and nutritionally enhanced eggs. Cal-Maine pays variable dividends based on earnings per share each quarter. This results in big jumps from quarter to quarter in line with EPS development.

2. General Electric Co (GE) | +250.0%

General Electric Co is a multinational conglomerate known for its wide range of industrial products and services. GE operates through several segments, including aviation, healthcare, power, renewable energy, and capital. The significant dividend hike reflects the company's strategic restructuring and focus on core businesses.

3. Meritage Homes Corp (MTH) | +177.8%

Meritage Homes Corp is one of the largest public homebuilders in the United States. The company designs and builds single-family homes across the nation, catering to first-time and move-up buyers. The substantial dividend increase highlights the company's commitment to shareholder returns.

4. NVIDIA Corp (NVDA) | +150.0%

NVIDIA Corp is a leading technology company known for its graphics processing units (GPUs) and artificial intelligence (AI) solutions. NVIDIA's products are widely used in gaming, professional visualization, data centers, and automotive markets. The 150% dividend hike reflects NVIDIA's strong financial performance and continued leadership in the tech industry.

5. BGC Group (BGC) | +100.0%

BGC Group is a global brokerage and financial technology company. They provide a wide range of services including trade execution, brokerage, market data, and software solutions. The company serves clients across various financial markets. 

6. Friedman Industries Inc (FRD) | +100.0%

Friedman Industries Inc is a manufacturer and distributor of steel products. The company operates in two segments: coil products and tubular products. Friedman Industries supplies steel coils and tubular products for various industrial applications. The 100% dividend hike reflects the company's strong focus on rewarding shareholders.

7. Copa Holdings (CPA) | +96.3%

Copa Holdings is a leading provider of airline passenger and cargo services in Latin America. The company operates through its subsidiaries Copa Airlines and Wingo, offering flights to various destinations across the Americas. 

8. Park Hotels & Resorts Inc (PK) | +66.7%

Park Hotels & Resorts Inc is a leading lodging real estate investment trust (REIT). The company owns a diverse portfolio of hotels and resorts, primarily in the luxury and upper upscale segments. The 66.7% dividend increase highlights the company's recovery in the hospitality industry.

9. Ituran Location and Control Ltd (ITRN) | +62.5%

Ituran Location and Control Ltd is a provider of location-based services, including vehicle tracking and fleet management solutions. The company offers a range of products and services for vehicle recovery, management, and driver safety. 

10. Highpeak Energy Inc (HPK) | +60.0%

Highpeak Energy Inc is an independent oil and natural gas company. The company focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids. The 60% dividend increase highlights Highpeak Energy's commitment to shareholder returns.

These top 10 companies have shown remarkable increases in their dividend payouts this year, reflecting their dedication to rewarding shareholders. Also, a couple of Dividend Aristocrats announced a big dividend hike this year. Stay tuned for more updates on dividend trends and market performance.

No less than 35 US listed companies already announced a dividend hike of 25% or more in 2024. The full list with all 35 companies is published on https://dividendhike.substack.com/