Dividend Track Records

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...

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 ...