NAPCO Security Technologies (NSSC) announces second dividend hike in 2024

NAPCO Security Technologies Inc (NSSC) just announced its second dividend for 2024 with another 25% increase to $0.125 quarterly. The dividend yield is 1.1%.

Earlier this year NAPCO also hiked its dividend by 25% to 10 cents quarterly per share. If we add this new 25% hike to $0.125 quarterly per share the FY 2024 dividend hikes is 56.3%. With this NSSC earns a spot in the dividendhike Biggest Hikes YTD list.

So Napco Security Technologies Inc. now has announced a 56.3% increase in its dividend for 2024. The new quarterly dividend per share is set at $0.125, leading to an annual dividend per share of $0.50. Based on the stock price of $46.40 as of August 27, 2024, the dividend yield stands at 1.1%. The ex-dividend date for this payment is September 12, 2024. Year-to-date, the company's total return is 36.1%. 

Napco operates in the Electronic Equipment & Instruments industry. The company manufactures and designs electronic security devices, cellular communication services, and school safety solutions. It provides a wide range of security products, including access control systems, door-locking devices, intrusion and fire alarm systems, and video surveillance products.