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Showing posts from October, 2019

Cintas increases dividend for 36th consecutive year

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Dividend Aristocrat Cintas Corporation (CTAS) will raise its annual dividend by 24.4 percent to $3.55 per share in 2019. This marks the company's 36th consecutive year of dividend increases.

Visa hikes dividend by 20%

Payments technology company Visa Inc. (V) will raise its quarterly dividend by 20.0 percent to $0.30 per share in 2019. This marks the 11th consecutive year of double digit dividend increases by the payments technology company. The next dividend is payable on December 3, 2019, to all holders of record as of November 15, 2019. The new annual dividend of $1.00 per share yields 0.7% at a stock price of $142.45. Visa Inc., is a payments technology company enabling electronic payments for consumers, businesses, banks and governments worldwide. The company's transaction processing network, VisaNet, enables authorization, clearing, and settlement of payment transactions and provides financial institution and merchant clients with a range of products, platforms, and value-added services. Visa is not a bank and does not issue cards, extend credit, or set rates and fees for account holders on Visa products. Its financial institution clients are responsible for managing account holder and...

Power Integrations hikes dividend by 11.8%

Power Integrations (POWI) will raise its quarterly dividend by another 11.8 percent to $0.19 per share in 2019. This brings the total dividend increase to 3 cents (18.8 percent) this year. The next dividend will be paid on December 31, 2019 to stockholders of record as of November 29, 2019. A new annual rate of 76 cents yields 0.8% at a stock price of $93. Power Integrations, Inc. provides semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts.

Middlesex Water Company increases dividend for 47th consecutive year

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Middlesex Water Company (MSEX) will raise its dividend for the 47th consecutive year in 2019. The water utility company will increase its quarterly dividend by 6.8%. The stock currently yields 1.6%.

VF Corporation raises dividend by 12% in 2019

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Dividend Aristocrat VF Corporation (VFC) will raise its dividend by 12 percent this year. If adjusted for the Kontoor Brands spinoff earlier this year this marks the company's 47th consecutive year of annual dividend increases.

Stepan increases dividend for 52nd year

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Stepan Co (SCL) will raise its dividend by exactly ten percent to 27.5 cents per share in 2019, marking the 52nd consecutive year of dividend increases.

Enterprise Products Partners hikes distribution by 0.6%

Enterprise Products Partners L.P. (EPD) will raise its quarterly distribution by another 0.6 percent to $0.4425 per unit in the fourth quarter of 2019.  This distribution is the partnership’s 61st consecutive quarterly distribution increase. The quarterly distribution will be paid Tuesday, November 12, 2019, to unitholders of record as of the close of business Thursday, October 31, 2019. A new annual rate of $1.77 yields 6.4% at a stock price of $27.67. Enterprise Products Partners L.P. is a North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. EPD's services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and export and import terminals; crude oil gathering, transportation, storage, export and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportat...

Thor Industries hikes dividend by 2.6%

Thor Industries, Inc. (THO) will raise its quarterly dividend by 2.6 percent to $0.40 per share in 2019. The recreational vehicle maker has raised its dividend every year since 2010. The next dividend is payable on November 8, 2019, to shareholders of record at the close of business on October 25, 2019. A new annual rate of $1.60 per share yields 3.0% at a stock price of $53.79. 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.

RPM International hikes dividend by 2.9%

RPM International (RPM) will raise its quarterly dividend by 2.9 percent to $0.36 per share in 2019, marking the 46th consecutive year of annual dividend increases. The next dividend is payable on October 31, 2019, to stockholders of record as of October 15, 2019. A new annual rate of $1.44 per share yields 2.1% at a stock price of $68.51. “Increasing our cash dividend on an annual basis is one of the principal ways we reward our shareholders,” stated Frank C. Sullivan, RPM chairman and chief executive officer. “Combined with an appreciating stock price, increasing the dividend enables us to consistently deliver long-term growth and outperform the cumulative total return of the broader market.” 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...

Northwest Natural hikes dividend by 0.5%

Northwest Natural Holding, formerly Northwest Natural Gas Company (NWN) will raise its quarterly dividend by another 0.5 percent to $0.4775 per share in 2019. The company has increased its dividend for 64 consecutive years now. The next dividend will be paid November 15, 2019 to shareholders of record on October 31, 2019. The company's indicated annual dividend rate is $1.91 per share and yields 2.7% at a stock price of $70. Northwest Natural Holding Company provides natural gas service to residential, commercial, and industrial in western Oregon and southwestern Washington.  It owns NW Natural Gas Company (NW Natural), NW Natural Water Company, LLC (NW Natural Water), and other business interests and activities. NW Natural and its subsidiaries provide natural gas service to communities in Oregon and Southwest Washington. NW Natural Holdings’ subsidiaries own and operate underground gas storage capacity and NW Natural Water provides water distribution service.

OGE Energy hikes dividend by 6.2%

OGE Energy Corp. (OGE) will raise its quarterly dividend by 6.2 percent to $0.3875 per share in 2019. This marks the 13th consecutive annual dividend increase by the utility company. The next dividend will be paid October 30, 2019, to shareholders of record October 10, 2019. The new annual rate of $1.55 per share yields 3.5% at a stock price of $44.66. "With this increase, we continue to honor our commitment to our shareholders to grow our dividend in both a meaningful and sustainable way," said Sean Trauschke, Chairman, President and CEO of OGE Energy. "This sustained dividend growth is due, in large part, to the continued growth in our Enable Midstream investment and comes on the heels of billions of dollars in capital investments at OG&E that were completed while holding customer rates essentially flat. It's a testament to the hard work and dedication of our great people." OGE Energy is the parent company of OG&E, a regulated electric utility cu...

Investar Holding hikes dividend by 8.9%

American Financial Group hikes dividend by 12.5%

American Financial Group, Inc. (AFG) will raise its regular quarterly dividend by 12.5 percent to $0.45 per share in 2019. The insurance holding company already paid a special cash dividend of $1.50 per share in the second quarter of 2019. The next dividend is payable on October 25, 2019 to holders of record on October 15, 2019. The new annual dividend of $1.80 per share yields 1.7% at a stock price of $103. 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, and in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.

Accenture hikes dividend by 9.6%

Accenture plc (ACN) will raise its dividend by 9.6 percent to 80 cents per share quarterly. As previously disclosed, the company is moving from a semi-annual to a quarterly schedule for dividend payments in fiscal 2020. It's the first quarterly dividend declared by Accenture. This May a $1.46 per share semi-annual dividend was paid. The next dividend will be paid on November 15, 2019 to shareholders of record on October 17, 2019. The new annual rate of $3.20 per share yields 1.7% at a stock price of $188. Accenture plc provides management and technology consulting services. The company serves clients in a broad range of industries and in three geographic regions: North America, Europe and Growth Markets (Asia Pacific, Latin America, Africa and the Middle East). Accenture's five operating groups are organized by industry: Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources. Accenture's Products operating grou...

Bank OZK hikes dividend by 4.2%

Bank OZK (OZK) will raise its quarterly dividend by another 4.2 percent to $0.25 per share 2019. This is the third dividend hike announced by the bank holding company this year. Bank OZK has increased its quarterly cash dividend in each of the last thirty-seven quarters. The next dividend is payable October 18, 2019 to shareholders of record as of October 11, 2019. A new annualized dividend rate of $1.00 per share yields 3.8% at a stock price of $26.53. 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 provides services such ...

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