Dividend Track Records

Armanino Foods of Distinction Inc. (AMNF) will cut its quarterly dividend by 36.4 percent to $0.0175 per share. Earlier this year the Italian food products company raised its quarterly dividend by 10.0 percent $0.0275 per share, marking the 15th consecutive year of dividend increases. The next dividend will be paid on July 24, 2020 to shareholders of record on July 1, 2020. A new annualized dividend rate of 7 cents per share yields 3.0% at a stock price of $2.36. Including the hike announced in Q1 the dividend now is 30.0 percent lower than in 2019. Douglas R. Nichols, Chairman of the board stated, “As previously disclosed, we expect to report a loss for our second quarter ending June 30, 2020; however, thanks to the strength of our balance sheet, Armanino Foods will continue our proud tradition of rewarding our shareholders with a quarterly dividend payment despite the adverse effect that the COVID 19 pandemic has had on our business in Q2. Because we are seeing sales continue to ...

National Fuel Gas Company (NFG) will raise its quarterly dividend by 2.3 percent to $0.445 per share in 2020, marking the 50th consecutive year of dividend increases by the diversified energy company headquartered in Western New York.

Target Corporation (TGT) will raise its quarterly dividend by 3.0 percent to 68 cents per share in 2020. This marks the 49th consecutive year of dividend increases by this Dividend Aristocrat.

Realty Income (O) will raise its monthly dividend by another 0.2 percent to $0.233 per share. The REIT, one of the Dividend Aristocrats, has now raised its dividend for 26 consecutive years.

Urstadt Biddle Properties Inc. (UBA) will cut its quarterly dividend by 75 percent to 7 cents per share. This will end a great dividend track record with the shopping center REIT having raised its dividend every year for the last 26 years. This action follows dividend cuts and suspensions in May by other companies known for their strong dividend history such as Ross Stores, TJX Companies and Tanger Factory Outlet Centers.

Universal Health Realty Income Trust (UHT) will raise its quarterly dividend by another 0.7 percent to $0.69 per share. This marks 33 consecutive years of dividend increases by the health care REIT. The next dividend will be paid on June 30, 2020 to shareholders of record as of June 16, 2020. A new annual rate of $2.76 per share yields 2.7% at a stock price of $101.86. Last year the real estate investment trust hiked its dividend by a total of 1.5 percent, marking 32 consecutive years of dividend increases. The stock is down 13.2 percent YTD based on Friday's closing price. The current market cap for UHT is $1.4 billion. Universal Health Realty Income Trust, a real estate investment trust, invests in healthcare and human service related facilities including acute care hospitals, behavioral healthcare facilities, rehabilitation hospitals, sub-acute care facilities, surgery centers, childcare centers and medical office buildings.

Universal Health Realty Income Trust (UHT) will raise its quarterly dividend by another 0.7 percent to $0.69 per share. This marks 33 consecutive years of dividend increases by the health care REIT.