Dividend Track Records

New Aristocrat Albemarle Corporation (NYSE: ALB) will raise its dividend by 4.8 percent in 2020. Earlier this month, Albemarle was named to the S&P 500 Dividend Aristocrats Index for having increased dividends every year for the last 25 consecutive years.

Northrim BanCorp (NRIM) will raise its regular quarterly cash dividend to $0.34 per share in 2020. This will mark the 11th consecutive year of dividend increases by the company. The next dividend will be payable on March 20, 2020, to shareholders of record at the close of business on March 12, 2020. At the stock price of $36.75 per share at the close of the market on February 27, 2020, the current dividend equates to a yield of 3.70% on an annualized basis. “We continue to generate profitable operations, which sustains our ability to steadily increase cash dividends for the eleventh consecutive year,” said Joe Schierhorn, President and CEO in the company's press release announcing this dividend hike.  Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 16 branches in Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan, Sitka and Soldotna, serving 90% of Alaska’s population; and an asset based lending division in Washing...

EOG Resources Inc. (EOG) will increase its quarterly dividend by 30.4 percent to $0.375 per share in 2020. Last year the oil company hiked its dividend by 30.7 percent. EOG has now hiked its dividend three consecutive years. The next dividend will be payable April 30, 2020, to stockholders of record as of April 16, 2020. The indicated annual rate is $1.50 per share yields 1.8% at a stock price of $60. "Year after year, EOG keeps getting better, delivering record operating performance in 2019. Significant capital efficiency improvements from strong well productivity and sustainable cost reductions allowed us to deliver higher production with less capital investment than we planned at the beginning of the year," said William R. "Bill" Thomas, Chairman and Chief Executive Officer in the company's press release announcing the fourth quarter and full-year 2019 results. "We did this while generating substantial free cash flow, strengthening our financial posi...

Texas Pacific Land Trust (TPL) will raise its annual dividend by 471.4 percent to $10.0 per share. Also a $6.00 per share special dividend will be paid. Last year the royalty company paid a $4.25 per share special dividend. This is the 17th consecutive year that the declared dividend has increased. Both dividends, for a total of $14.25 per share, are payable on March 16, 2020, to common stockholders of record on March 9, 2020. At the current stock price of $710 the total dividend payment yields about 2.3%. The regular dividend of $10.0 per share yields 1.4%. Texas Pacific Land Trust was created in 1888 as a result of a reorganization of the Texas and Pacific Railway Company following receivership. Holders of Texas and Pacific Railway Company bonds received 3.5 million acres of land in Texas which had been earned by the railroad and pledged as security against bonds. The bondholders created the Trust and converted bonds to shares of proprietary interest in the Trust. The Trust was c...

Fifth Third Bancorp (FITB) will raise its quarterly dividend by 12.5 percent to $0.27 per share in 2020. This follows a 9.1 percent dividend hike by the S&P500 company last year and marks 10 consecutive years of dividend increases. The next dividend is payable on April 14, 2020 to shareholders of record as of March 31, 2020 A new annualized dividend rate of $1.08 per share yields 4.1% at a stock price of $26.65. Fifth Third Bancorp, organized in 1975, is a bank holding company  headquartered in Cincinnati, Ohio, and the parent company of Fifth Third Bank, an Ohio-chartered bank. Fifth Third operates full-service banking centers and ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third Bank was established in 1858 and has paid a dividend every year...

Waste Management (WM) will raise its quarterly dividend by 6.3 percent to $0.545 per share in 2020. Last year the dividend was hiked by 10.2 percent marking the 16th consecutive year of higher dividend paid. The increased dividend is payable March 20, 2020 to stockholders of record on March 6, 2020. A new annual dividend of $2.18 per share yields 1.7% at a stock price of $125.42. Waste Management, based in Houston, Texas, is a provider of comprehensive waste management services in North America. Through its subsidiaries, the company provides collection, transfer, recycling and resource recovery, and disposal services. It is also a developer, operator and owner of landfill gas-to-energy facilities in the United States. The company’s customers include residential, commercial, industrial, and municipal customers throughout North America.

Dividend Aristocrat Genuine Parts Company (GPC) will raise its annual dividend to $3.16 per share, marking the 64th consecutive year of dividend increases.

Penske Automotive (PAG) will raise its quarterly dividend by 2.4 percent to $0.42 per share in the first quarter of 2020. This will mark the 9th consecutive year of dividend increases by the transportation services company. The next dividend is payable on March 3, 2020, to shareholders of record on February 24, 2020. A new annual rate of $1.68 per share yields 3.2% at a stock price of $51.81. In today's press release Penske Automotive Group President Robert H. Kurnick, Jr., said, "For the 35th consecutive quarter, our Board of Directors has approved an increase in the company dividend which exemplifies the confidence we have in our business and our commitment to returning capital to PAG shareholders." Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, is an international transportation services company that operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe, and distributes comme...

Regency Centers Corp (REG) will raise its quarterly dividend by 1.7 percent to $0.595 per share in the first quarter of 2020. This marks the 7th consecutive year of dividend increases by the REIT. The next dividend is payable on March 5, 2020, to shareholders of record as of February 24, 2020. The new $2.38 annual dividend rate yields 3.9% at a stock price of $63.62. Regency Centers Corporation is a real estate investment trust (REIT). The company owns, operates and develops grocery anchored neighborhood and community shopping centers. Regency's portfolio includes properties merchandised with grocers, restaurants, service providers, and retailers that connect neighborhoods, communities, and customers. The company's properties include Palm Valley Marketplace, Shops at Arizona, Amerige Heights Town Center, Clayton Valley Shopping Center, Five Points Shopping Center, French Valley Village Center, Hasley Canyon Village, Pleasant Hill Shopping Center, Snell & Branham Plaza, ...

Dividend Aristocrat PepsiCo plans to hike its dividend by 7 percent this year. This marks the 48th consecutive year of dividend increases by the company.

Dividend Aristocrat T. Rowe Price Group (TROW) will increase its quarterly dividend by 18.4 percent to 90 cents per share.

Black Stone Minerals LP (BSM) will cut its quarterly distribution by 18.9 percent to $0.30 per unit in the 1st quarter of 2020. Previously the owner of oil and natural gas mineral interests in the United States had raised its annual dividend 4 consecutive years, with the last increase dating back to 2018. The next distribution is payable on February 24, 2020 to unitholders of record on February 17, 2020. The new annualized distribution of $1.20 per unit yields 12.2% at a price of $9.84 for BSM. In the company's press release Thomas L. Carter, Jr., Black Stone Minerals’ Chief Executive Officer and Chairman, commented, "We are taking a proactive approach to strengthen our balance sheet and enhance our financial flexibility with the expectation that 2020 may be a challenging year in terms of commodity prices and overall drilling activity. Given the current environment, the Board believes that reducing the distribution benefits unitholders by providing additional cash flow for...

CME Group (CME) will increases its quarterly dividend by 13.3 percent to $0.85 per share in 2020. Last year the company raised its quarterly dividend by 13.3 percent from 70 cents to 75 cents per share. Last December the company also announced a $2.50 per share special dividend. The next dividend is payable March 25, 2020, to shareholders of record as of March 10, 2020. The regular annualized dividend rate of $3.40 per share yields 1.6% at a stock price of $213.20. CME Group enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities.The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. With a range of pre- and post-...

Dividend Aristocrat Aflac (AFL) will raise its dividend by almost 4 percent in 2020. This will mark the insurer's 38th straight year of annual dividend increases.

Microchip Technology (MCHP) will raise its quarterly dividend by another 0.1 percent to $0.367 per share in the 1th quarter of 2020. This follows similar dividend hikes in each of the last couple of quarters. The next dividend is payable on March 6, 2020 to stockholders of record on February 21, 2020.  The new annual dividend rate of $1.47 per share yields 1.4% at a stock price of $106.59. From the company's press release: “Microchip’s financial performance in the December 2019 quarter was excellent in the backdrop of an uncertain economic environment,” said Steve Sanghi, Chief Executive Officer.  “Our Board is pleased to declare an increase in our quarterly dividend to a record 36.70 cents per share, which continues to reflect our ongoing commitment to returning value to our stockholders.” Microchip Technology Incorporated manufactures specialized semiconductor products used for  embedded control applications. Its product portfolio targets the automotive, communica...

Dividend Aristocrat 3M (MMM) will raise its dividend for the 62nd straight year with a relative small increase of 2.1 percent in 2020.

Apartment Investment and Management Company (AIV) will raise its quarterly dividend by 5.1 percent to $0.41 per share in the first quarter of 2020. This marks the 8th consecutive year of annual dividend increases by the REIT. The dividend will be payable on February 28, 2020, to stockholders of record as of February 14, 2020. A new annual dividend rate of $1.64 per share yields 3.1% at a stock price of $52.71. Apartment Investment and Management Company  (Aimco) is a real estate investment trust that is focused on the ownership and management of apartment communities located in the United States. It operates through two segments: conventional real estate and affordable real estate. Aimco’s affordable portfolio consists primarily of apartment communities that it manages that are owned through low-income housing tax credit partnerships. Aimco is one of the country’s largest owners and operators of apartments, with ownership interests in 124 apartment communities in 17 states and ...

AmerisourceBergen Corp (ABC) will raise its quarterly dividend by 5.0 percent to $0.42 per share in 2020. The marks the company's 16th consecutive year of annual dividend increases by the healthcare services company. Last year ABC did not announce a dividend increase. The increased dividend of $0.42 per common share will be payable March 2, 2020, to stockholders of record at the close of business on February 14, 2020. The new annualized dividend of $1.68 per share yields 2.0% at a stock price of $85.56 for ABC. AmerisourceBergen is a pharmaceutical sourcing and distribution services company, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and enhance patient care. With services ranging from drug distribution and niche premium logistics to reimbursement and pharmaceutical consulting services, AmerisourceBergen delivers programs and solutions across the pharmaceutical supply channel in human and animal health.

Dividend Aristocrat Cincinnati Financial Corp (CINF) will raise its dividend for the 60th consecutive year in 2020.