Dividend Track Records

Starbucks (SBUX) will raise its quarterly dividend by 9.8 percent to 45 cents per share in 2020. This follows a 13.9 percent dividend increase to $0.41 per share in 2019 and will mark the 10th consecutive year of annual dividend increases by the specialty coffee company. The next dividend is payable on November 27, 2020 to shareholders of record on November 12, 2020. A new annual rate of $1.80 per share yields 2.1% at a stock price of $85.92. In the company's press release dated September 30, 2020 Starbucks announces this dividend hike including a comment from CEO Kevin Johnson: “The Board’s decision to raise our quarterly dividend demonstrates confidence in the strength of our recovery and the robustness of our long-term growth model,” said Kevin Johnson, Starbucks president and ceo. “Our cash flow generation is strong, and we remain committed to reducing our financial leverage while continuing to invest for future growth,” concluded Johnson. Starbucks states that it has initiated...

OGE Energy Corp. (OGE) will raise its quarterly dividend by 3.9 percent to 40.25 cents per share in 2020. This follows a 6.2 percent increase to $0.3875 per share in 2019 and will mark the 14th consecutive annual dividend increase by the utility company. The next dividend will be paid Oct. 30, 2020, to shareholders of record Oct. 13, 2020. The new annual rate of $1.61 per share yields 5.4% at a stock price of $29.66. The average dividend growth rate in the last five years is 7.9 percent annually. "Strong operational execution at the utility has enabled us to increase our dividend for the 14th consecutive year," said Sean Trauschke, Chairman, President and CEO of OGE Energy in the company's press release dated September 28, 2020 annoucing this dividend hike. "We realize many of our shareholders count on our dividend for income, and I am grateful for the hard work and dedication of our members to provide value to our shareholders during these difficult times." The...

Accenture plc (ACN) will raise its quarterly dividend by 10.0 percent to 88 cents per share in 2020. Last year the it services company hiked its dividend by 9.6 percent to 80 cents per share quarterly. Accenture moved from a semi-annual to a quarterly schedule for dividend payments in fiscal 2020. The next dividend will be paid on November 13, 2020 to shareholders of record on October 13, 2020. The new annual rate of $3.52 per share yields 1.6% at a stock price of $214.63. After this latest dividend increase Accenture will pay its shareholders an estimated annual dividend amount of $2.33 billion. This compares to a current market cap of $136 billion for the company. Accenture has been raising its dividend for sixteen consecutive calendar years with five double digit dividend hikes in the last decade. The company also announced four increases of more than 9.5 percent since 2011, with the smallest dividend hike of 7.8 percent and the biggest increase of 50.0 percent in 2011.  Accentu...

Lockheed Martin (LMT) will raise its quarterly dividend by 8.3 percent to $2.60 per share in 2020. This comes after a 9.1 percent hike to $2.40 per share announced by the defence company in 2019. This year will be the 18th consecutive year of dividend increases by Lockheed Martin. The next dividend is payable on December 24, 2020, to holders of record as of the close of business on December 1, 2020. A new annual rate of $10.40 per share yields 2.7% at a stock price of $386.70. In the company's press release dated September 26, 2020, the corporation's board announces that it has also authorized the purchase of up to an additional $1.3 billion of Lockheed Martin common stock under its share repurchase program. With this increase, total authorization for future repurchases under the share repurchase program is approximately $3 billion. The number of shares purchased and the timing of purchases are at the discretion of management and subject to compliance with applicable law and re...

Honeywell International (HON) will raise its quarterly dividend by 3.3 percent to 93 cents per share in 2020. This follows a 9.8 percent dividend hike to $0.90 per share in the fourth quarter of 2019. The industrial company has raised its dividend 10 consecutive years. The next dividend is payable on December 4, 2020, out of surplus to holders of record at the close of business on November 13, 2020. A new annual rate of $3.72 per share yields 2.3% at a stock price of $161.49. From the company's press release dated September 25, announcing this dividend hike: "Honeywell remains focused on providing value to our shareowners despite the current challenging economic environment, and today we announced an increase to our dividend for the 11th consecutive year," said Chairman and Chief Executive Officer Darius Adamczyk. "Our strong financial position, continued investments for growth, and effective cost management strategies will enable us to continue to perform for our sh...

Darden Restaurants (DRI) will reinstate its quarterly dividend with a new payment of $0.30 per share in the fourth quarter of 2020. Earlier this year the full-service restaurant company suspended its dividend after a 17.3 percent in 2019.  The next dividend is payable on November 2, 2020 to shareholders of record at the close of business on October 9, 2020. The new annual dividend rate yields 1.3% at a stock price of $90 for Darden. In Darden's press release today, reporting fiscal 2021 first quarter results, the company's Board of Directors also announced that it has reinstated a quarterly dividend and declared a quarterly cash dividend of $0.30 per share on the Company's outstanding common stock, without further commenting on this decision. The new dividend rate of 30 cents quarterly is 65.0 percent less than the $0.88 per share quarterly dividend paid by Darden before the COVID-19 pandemic. The new annual dividend rate of $1.20 per share translates into an estimated annu...

General Mills (GIS) will raise its quarterly dividend by 4.1 percent to $0.51 per share in 2020. This is the first dividend increase announced by the packaged food and pet food company since 2017. Because General Mills did not announced a higher dividend in both 2018 and 2019 the company's track record of 15 consecutive years of increases ended last year. The next quarterly dividend of 51 cents per share will be payable November 2, 2020, to shareholders of record October 9, 2020. A new annual dividend rate of $2.04 per share will yield 3.5% based on a closing price of $57.99 this Tuesday. General Mills mentions that the dividend increase is in recognition of the significant increase in net earnings attributable to General Mills and the reduction in net debt since the company’s acquisition of Blue Buffalo Pet Products, Inc. in April 2018. In the company's press release dated September 23, 2020 the company reports fiscal 2021 first quarter results and also announces the div...

Ingredion Incorporated (INGR) will raise its quarterly dividend by 1.6 percent to 64 cents per share in 2020. This follows a dividend hike of 0.8 percent to $0.63 per share announced by the ingredient solutions provider in 2019. This also marks the 10th consecutive year of annual dividend increases by Ingredion based on calendar years. The next dividend is payable on October 26, 2020, to stockholders of record at the close of business on October 1, 2020. A new annualized rate of $2.56 per share yields 3.1% at a stock price of $81.30. This year the stock price of Ingredion has lost approximately 12 percent. In the press release dated September 16, 2020, Ingredion announces the dividend hike and mentions that this is the sixth consecutive year that Ingredion’s board has approved a quarterly dividend increase in the third quarter. The company did not announce a dividend increase in 2014, following big hikes of 61.5 percent (2013), 30.0 percent (2012) and 42.9 percent (2011) in the pre...

 W. P. Carey (WPC) will raise its quarterly dividend by another 0.2 percent to $1.044 per share in the 4th quarter of 2020. This follows a similar 0.2 percent increase announced in the previous quarters, bringing the total dividend increase in 2020 to 0.6 percent. Net lease commercial real estate investment trust W.P. Carey has raised its dividend 22 consecutive years. The next dividend is payable on October 15, 2020 to stockholders of record as of September 30, 2020. The new annualized dividend rate of $4.18 per share yields 6.2% at a stock price of $67. The company has raised its dividend for 21 consecutive years and 2020 will mark the 22nd straight year of higher dividends. The current market value of W.P. Carey, which also rents a lot of real estate internationally, is $11.8 billion. On an annual basis, this REIT now pays out an estimated$ 743 million in dividends to the shareholder. W.P. Carey's stock price loses about 16.5% in 2020, which is in line with many other real estat...

Realty Income Corporation (O) will raise its monthly dividend by another 0.2 percent to $0.234 per share, marking the fourth dividend hike announced by the Dividend Aristocrat this year. Earlier this year the real estate investment trust already hiked its dividend three times for a total increase of 2.9 percent if we include this latest increase just announced. Realty Income is a Dividend Aristocrat having raised its monthly dividend for 26 consecutive years in 2020. The next dividend of 23.35 cents per share is payable on October 15, 2020 to shareholders of record as of October 1, 2020. A new annualized dividend amount of $2.808 per share yields 4.4% at a stock price of $64.07. In the press release dated September 17, 2020 the company mentions that this is the 108th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for October's dividend is September 30, 2020. "We remain committed to our company's mission of paying dependable mo...

Brady Corporation (BRC) will raise its quarterly dividend by 1.1 percent to 22 cents per share in 2020. This follows last year's 2.4 percent to $0.2175 per share by the manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. This also marks the company's 35th consecutive year of annual dividend increases. The next dividend will be paid on October 30, 2020, to shareholders of record at the close of business on October 9, 2020. A new annualized rate of 88 cents per share yields 1.9% based on Tuesday's closing stock price of $46.11. Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. Its IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products. The company's brands include Electromark, Identicard, Promo...

Microsoft Corporation (MSFT) will raise its quarterly dividend by 9.8 percent to 56 cents per share in 2020. This comes after a 10.9 percent dividend hike to $0.51 per share announced in 2019 by the technology company. This will mark the 18th consecutive year of annual dividend increases for Microsoft. The new dividend is payable on December 10, 2020, to shareholders of record on November 19, 2020. The ex-dividend date will be November 18, 2020.. A new annualized dividend rate of $2.24 per share yields 1.1% at at stock price of $208.78. Microsoft stock has gained 32.4 percent year-to-date, resulting in a current market cap of $1.55 trillion for the technology company. Our own calculations indicate that Microsoft will now pay an estimated $16.98 billion in dividends annually to its shareholders. This makes the company the biggest dividend payer in the United States, with both AT&T and ExxonMobil paying less than $15 billion in dividends annually. Apple (AAPL) now pays an est...

Philip Morris International (PM) will raise its quarterly dividend by another 2.6 percent to $1.20 per share in 2020. This follows a similar 2.1 percent dividend hike to $1.17 quarterly by the cigarette maker last year. The dividend has now been raised for 13 consecutive years. The next quarterly dividend of $1.20 per share is payable on October 13, 2020, to shareholders of record as of September 24, 2020. The ex-dividend date is September 23, 2020. A new annual rate of $4.80 per share yields 5.9% at a stock price of $81.23. Phillip Morris International will now pay an estimated $7.5 billion in dividends to shareholders annually. The company's stock price is down 2.1 percent year-to-date resulting in a current market cap of $126.9 billion. The 5 year dividend growth rate has slowed to 3.3 percent annually, while the 10 year CAGR for PM's dividend is +7.1 percent because of double digit dividend hikes by the company in 2010, 2011, 2012 and 2013. Philip Morris International...

VICI Properties (VICI) will raise its quarterly dividend by 10.9 percent to 33 cents per share in 2020. This follows a 3.5 percent dividend hike to $0.2975 per share announced in 2019 by the casino REIT. In 2018 the specialized real estate investment trust (REIT) initiated a pro-rated quarterly dividend of 16 cents per share and this marks the 3rd dividend hike since. The next dividend will be payable on October 8, 2020 to stockholders of record as of the close of business on September 30, 2020. A new annualized dividend rate of $1.32 per share yields 4.2% at a stock price of $23.75. In the company's press release dated September 10, 2020, announcing this new dividend hike David Kieske, EVP, Chief Financial Officer of the Company, commented, “We are pleased and proud to reward our shareholders with our third consecutive annual dividend increase since the company’s formation. This nearly 11% increase is well supported by the growth in our AFFO from the recently closed transactio...

As previously announced New Jersey Resources Corporation (NJR) will raise its quarterly dividend by 6.4 percent to 33.25 cents per share in 2020. This follows a 6.8 percent dividend hike to $0.3125 per share in 2019 and will mark 25 consecutive years of dividend increases. The next dividend will be payable on October 1, 2019 to shareowners of record as of October 1, 2020. A new annual rate of $1.33 per share yields 4.6% at a stock price of $28.69. In the company's press release New Jersey Resources states that it has paid quarterly dividends continuously since its inception in 1952, and this marks the 27th dividend increase over the last 25 years. “The action taken by our board of directors reflects our continued commitment to creating value for shareowners, especially in these uncertain times,” said Steve Westhoven, President and CEO of New Jersey Resources. New Jersey Resources will now pay an estimated $127 million annually in dividends to its shareholders. The company h...

Royalty Pharma PLC (RPRX) has announced its first dividend since the pharmaceutical company became publicly listed earlier this year as one of the biggest initial public offerings in the United States. In the company's press release dated September 2, 2020 the company announces that the board of directors of Royalty Pharma plc has approved the payment of a dividend for the third quarter of 2020 of $0.15 per class A share. This first ever dividend of 15 cents per share will be paid on September 30, 2020, to shareholders of record at the close of business on September 15, 2020. This results in a dividend yield of 1.5% based on a stock price of $40.74 and an annual dividend rate of 60 cents per share. Royalty Pharma currently has a market cap of $34.9 billion. Shortly after the IPO the company's stock price touched an all time high of $56.50 on June 18, before dropping back to a low price of $39.90 on July 24. The stock price hasn't moved much since. Royalty Pharma will ...

Verizon Communications (VZ) will raise its quarterly dividend by 2.0 percent to $0.6275 per share in 2020, marking the 14th consecutive year of dividend increases by the provider of communications, information and entertainment products and services. Last year Verizon hiked its quarterly dividend by 2.1 percent to $0.615 per share. The next quarterly dividend is payable on November 2, 2020, to Verizon shareholders of record at the close of business on October 9, 2020. A new annual rate of approximately $2.51 per share yields 4.2% at a stock price of $60.46. In a press release dated September 3, 2020 Verizon announces the dividend hike and mentions that the company made approximately $5.1 billion in cash dividend payments in the first half of 2020. If we calculate the new annual dividend with approximately 4.1 billion shares of common stock outstanding we get to a new annual dividend payment of $10.4 billion to shareholders. This puts Verizon on the 7th place of bigg...