Dividend Track Records

 $0.40 quarterly instead of $0.56 in Q2.

Dividend Aristocrat AbbVie (ABBV) will raise its quarterly dividend by another 10.2 percent to $1.30 per share in Q1 of 2021. Last year Abbvie announced a 10.3 percent dividend hike, marking 48 consecutive years of dividend increases. The increased dividend is payable on February 16, 2021 to shareholders of record as of January 15, 2021. A new annual dividend rate of $5.20 per share yields 6.1% at a stock price of $85.10. Since the company's inception in 2013, AbbVie has increased its quarterly dividend by 225 percent. AbbVie is a member of the S&P Dividend Aristocrats Index, which tracks companies that have annually increased their dividend for at least 25 consecutive years. AbbVie Inc. is a research-based biopharmaceutical company. The company has business in therapeutic areas including, eye care, immunology, oncology, virology, women's health, gastroenterology and neuroscience. AbbVie’s products are focused on treating conditions such as chronic autoimmune diseases in rh...

Dividend Aristocrat Cintas Corporation (CTAS) will start paying a quarterly dividend this December. The company announced that it will raise its annual dividend by 10.2 percent to $2.81 per share, marking the 37th consecutive year of dividend increases. This December Cintas also pay a first quarterly dividend of 70 cents.

Prosperity Bancshares (PB) will raise its quarterly dividend by 6.5 percent to 49 cents per share in 2020. This follows a 12.2 percent dividend hike by the financial holding company last year and also marks the 21st consecutive year of annual dividend increases.

Amkor Technology, Inc. (NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the third quarter ended September 30, 2020 and the initiation of a regular quarterly cash dividend of $0.04 per share. “Stronger than expected demand in the communications and automotive and industrial end markets drove revenue above the high end of our guidance,” said Giel Rutten, Amkor’s president and chief executive officer. “The Board’s decision to initiate a dividend is a significant milestone for Amkor. Over the past several years, Amkor has capitalized on growth opportunities in advanced packaging technologies that target 5G, advanced automotive systems, IoT and high-performance computing, and the introduction of a regular cash dividend reflects our consistent operating performance, strong free cash flow generation and confidence in our long-term financial outlook.” The initial quarterly cash dividend of $0.04 per share is payable on Janua...

Insurance broker Brown & Brown, Inc. (BRO) will raise its quarterly dividend by 8.8 percent to 9.25 cents per share in 2020. This follows a 6.3 percent dividend hike to $0.085 per share announced by the company in 2019. Brown & Brown has now raised its dividend 27 consecutive years. The next dividend is payable on November 18, 2020 to shareholders of record on November 4, 2020. The new annual dividend rate of 37 cents per share yields 0.8% at a stock price of $46.72. In a press release dated October 20, 2020 the company announces the dividend hike and states that the dividend represents an 8.8% increase from the previous regular quarterly cash dividend of $0.085 per share and is the twenty-seventh consecutive annual dividend increase for the Company. Brown & Brown will now pay an estimated annual dividend of $105 million to shareholders. This compares to a current market cap of $13.2 billion for the company. The last time BRO hiked its dividend by double digits was in 2017,...

Armstrong World Industries, Inc. (AWI) will increase its quarterly dividend by 5 percent to 21 cents per share in 2020. This comes after a 14.3 percent hike to 20 cents per share. Last year the ceiling solutions company started paying a quarterly dividend of $0.175 per share two years ago. The increased dividend is payable on November 19, 2020, to shareholders of record as of the close of business on November 5, 2020. A new annual rate of 84 cents per share yields 1.3% at a stock price of $66.50. “Despite market challenges, our strong cash flow performance continues, and we are on track to deliver over $200 million in adjusted free cash flow in 2020,” said Vic Grizzle, President and CEO of Armstrong. "With our strong balance sheet and cash flow performance, we remain committed to a capital allocation strategy that enables both investing for growth and returning cash to shareholders." Armstrong World Industries, Inc. (AWI) is a global leader in the design, innovation and manuf...

Amphenol Corp (APH) will raise its quarterly dividend by 16.0 percent to 29 cents per share in 2020. This follows a 8.7 percent hike to $0.25 per share in 2019. Amphenol, a manufacturer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products and coaxial and high-speed specialty cable, has now raised its dividend 9 consecutive years. The next dividend will be paid on January 6, 2021 to holders of record of the Company’s Class A Common stock as of December 15, 2020. A new annual dividend rate of $1.16 per share yields 1.1% at a stock price of $95.28. In the company's press release announcing Q3 results and the dividend hike Amphenol President and Chief Executive Officer, R. Adam Norwitt, stated: “It is extremely rewarding that even in this challenging environment the Company’s experienced management team continued to react quickly to capitalize on opportunities to reach these new record levels of revenue and earnings. In...

Stepan Company (SCL) will raise its quarterly dividend by 10.9 percent to 30.50 cents per share in 2020. This follows a 10.0 percent hike to $0.275 per share in 2019 and marks the 53rd consecutive year of dividend increases by the specialty chemicals company. The first dividend of $0.275 per share is payable on December 15, 2020, to common stockholders of record on November 30, 2020. A new annual rate of $1.22 per share yields 1.0% at a stock price of $118.27. Stepan Company and its subsidiaries produce specialty and intermediate chemicals, which are sold to other manufacturers and used in a variety of end products. The company has three reportable segments: Surfactants, Polymers and Specialty Products. Surfactants are the basic cleaning agent in detergents for washing clothes, dishes, carpets, fine fabrics, floors and walls and are also used in personal care products and commercial and industrial applications. Polymers are used in the manufacture of construction materials, coatings, a...

Tompkins Financial (TMP) will raise its quarterly dividend by 3.8 percent to 54 cents per share in 2020. This comes after a 4.0 percent hike to $0.52 per share in 2019 and marks the 34th consecutive year of dividend increases by the financial services company. The next dividend is payable on November 13, 2020, to common shareholders of record on November 3, 2020. A new annual rate of $2.16 per share yields 3.7% at a stock price of $58.31. Tompkins Financial Corporation is a financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Mahopac Bank, Tompkins VIST Bank, Tompkins Insurance Agencies, Inc., and offers wealth management services through Tompkins Financial Advisors.

Hubbell Incorporated (HUBB) will raise its quarterly dividend by 7.7 percent to 98 cents per share in 2020. This follows a dividend hike of 8.3 percent to $0.91 per share in 2019 and will mark the 13th consecutive year of annual dividend increases by the company. The next dividend will be paid on on December 15, 2020 to shareholders of record on November 30, 2020. A new annual rate of $3.92 per share yields 2.6% at a stock price of $153.39. Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications.Hubbell Incorporated operates manufacturing facilities in the United States and around the world. The corporate headquarters is located in Shelton, CT.

Pump maker Gorman-Rupp (GRC) will raise its quarterly dividend by 6.9 percent to 15.5 cents per share in 2020. This follows a 7.4 percent increase to $0.145 per share last year and will mark 48 straight years of dividend hikes.

Gorman-Rupp (GRC) will raise its quarterly dividend by 6.9 percent to 15.5 cents per share in 2020. This follows a 7.4 percent increase to $0.145 per share in 2019. The pump manufacturer has increased its dividend 48 consecutive years. The next dividend is payable December 10, 2020, to shareholders of record November 13, 2020. A new annual rate of 62 cents per share yields 1.7% at a stock price of $34.04. Jeffrey S. Gorman, Chairman, President and CEO commented, “Gorman-Rupp is extremely proud to continue its long history of dividend payments and increased annual dividends. This current dividend increase reflects our ongoing commitment to creating value for our shareholders, as well as our confidence in the financial strength and long-term prospects for our Company.” The Gorman-Rupp Company designs, manufactures and sells pumps and related equipment (pump and motor controls) for use in water, wastewater, construction, industrial, petroleum, original equipment, agriculture, fire protect...

Standex International (SXI) will raise its quarterly dividend by 9.1 percent to 24 cents per share in 2020. This follows a 10.0 percent dividend hike to $0.22 per share in 2019 and will mark the 11th consecutive year of annual dividend increases by the industrial company. The next dividend is payable November 25, 2020 to shareholders of record on November 10, 2020. A new annual rate of 96 cents per share yields 1.5% at a stock price of $64. The dividend is the company's 225th consecutive quarterly cash dividend. Standex has paid dividends each quarter since it became a public corporation in November 1964. Standex will now pay an estimated $12 million in dividends to its shareholders annually. This compares to a market cap of $792 million for the company. The average dividend growth rate in the last five years currently is 11.4 percent annually. Standex International Corporation is a multi-industry manufacturer in five broad business segments: Food Service Equipment, Engineering Tec...

Standex International (SXI) will increase the quarterly dividend by 9.1 percent to 24 cents per share in 2020. This follows a 10.0% dividend hike to $0.22 per share in 2019 and will mark the 11th consecutive year of annual dividend increases by the industrial company.

Seagate Technology (STX) has announced a 3.1 percent increase for its quarterly dividend. This follows last year's 3.2 percent increase to $0.65 per share and also is the second consecutive annual dividend increase by the provider of electronic data storage technology and solutions. Seagate stock now yields more than 5%. In 2020 the stock price has lost almost 13 percent as of October 22, 2020.

Lincoln Electric Holdings, Inc. (LECO) will raise its quarterly dividend by 4.1 percent to 51 cents per share in 2021. This follows a dividend hike of 4.3 percent to $0.51 per share in 2019. This will mark the 25th consecutive year of annual dividend increases by the welding products maker. The next dividend is payable January 15, 2021 to shareholders of record at the close of business on December 30, 2020. The new annual dividend rate is $2.04 per share. Lincoln Electric Holdings, Inc. is a manufacturer of arc welding products, robotic arc welding systems, plasma and oxy-fuel cutting equipment and has a leading global position in the brazing and soldering alloys market. The three operating segments consist of Americas Welding, International Welding and The Harris Products Group. The Lincoln Electric Company began operations in 1895 and was incorporated under the laws of the State of Ohio in 1906. During 1998, The Lincoln Electric Company reorganized into a holding company structure, a...

Brunswick Corporation (BC) will raise its quarterly dividend by 12.5 percent to $0.27 per share in 2020. This marks the eighth consecutive year of dividend increases.

American Electric Power Company (AEP) will raise its quarterly dividend by 5.7 percent to 74 cents per share in 2020. This follows a 4.5 percent increase to $0.70 per share in 2019 and will mark the 11th consecutive year of annual dividend increases by the utility holding company.

Whirlpool Corporation (WHR) will raise its quarterly dividend by 4.2 percent to $1.25 per share in 2020. This follows a 4.3 percent dividend hike in the previous year to $1.20 per share by the manufacturer and marketer of home appliances.

Clarus Corporation (CLAR) will reinstate its quarterly dividend of 2.5 cents per share. The previous quarterly dividend was suspended because of COVID-19. The cash dividend will be paid on November 20, 2020, to all stockholders of record as of November 9, 2020. The reinstated annual dividend rate of 10 cents per share yields 0.7% at at stock price of $14.90. In today's press release the company announces the dividend reinstatement: “As Clarus continues to recover from the height of the COVID-19 pandemic, we are returning to the cash payment of our regular quarterly dividend initiated over two years ago,” said Warren Kanders, Executive Chairman of Clarus. “When we temporarily replaced the cash dividend with a stock dividend earlier this year, we felt it was prudent during the unprecedented times that were upon us. Since then, we have made progress stabilizing the business across our diversified portfolio of brands and we look forward to continue rewarding our long-term shareholders....

Dividend Aristocrat VF Corporation (VFC) will raise its dividend by 2.1 percent in 2020, continuing a strong dividend history of annual increases. Last year the Vans and Timberland maker announced a12 percent dividend hike.

IDACORP, Inc. (IDA) will raise its quarterly dividend by 6 percent to 71 cents per share quarterly in 2020. This follows a 6.3 percent dividend increase to $0.67 per share in 2019 and will mark the company's 8th consecutive year of dividend increases.

IDACORP, Inc. (IDA) will raise its quarterly dividend by 6 percent to 71 cents per share quarterly in 2020. This follows a 6.3 percent dividend increase to $0.67 per share in 2019 and will mark the company's 8th consecutive year of dividend increases. The new annual dividend rate of $2.84 yields 3.2% at a stock price of $88 and is payable November 30, 2020 to holders of record at the close of business on November 5, 2020.  The company announced this dividend hike in September, without mentioning a record and payment date at the time.  "IDACORP's Board of Directors has approved an annual dividend increase every year since 2012, resulting in a cumulative average growth rate of approximately 9%," said Lisa Grow , IDACORP President and Chief Executive Officer. "These changes represent an overall increase of 137% in IDACORP's quarterly dividend over that period. Our customer and earnings growth have allowed us to increase the dividend to shareholders, all while Id...

Albertsons Companies, Inc. (ACI) will start paying a quarterly dividend of $0.10 per share in 2020. This is the first dividend announced by the company following its IPO on June 26, 2020. The next cash dividend is payable on November 10, 2020 to stockholders of record as of the close of business on October 26, 2020. The estimated dividend yield is 2.8% based on the annual dividend rate of 40 cents per share to be paid by the company. Albertsons states that the cash dividend is consistent with the Company’s dividend policy established in connection with its initial public offering. This quarterly dividend payment of $0.10 per share will result in a $192 million in dividends paid to shareholders annually. Since the company's IPO on June 26, 2020 the stock price has dropped to a low of $12.91 on September 18. The 52 week high stock price was $16.50 on June 26, the day the stock became publicly traded. Albertsons Companies is a food and drug retailer in the United States. As of June ...

Albertsons Companies, Inc. (ACI) will start paying a quarterly dividend of $0.10 per share in 2020. This is the first dividend announced by the company following its IPO on June 26, 2020. The next cash dividend is payable on November 10, 2020 to stockholders of record as of the close of business on October 26, 2020. The estimated dividend yield is 2.8%. The company states that the cash dividend is consistent with the Company’s dividend policy established in connection with its initial public offering.  Albertsons Companies is a food and drug retailer in the United States. As of June 20, 2020, the Company operated 2,252 retail food and drug stores with 1,726 pharmacies, 402 associated fuel centers, 22 dedicated distribution centers and 20 manufacturing facilities. The Company operates stores across 34 states and the District of Columbia under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star...

Winmark Corporation (WINA) will pay a special dividend of $3.00 per share in December 2020. This special dividend will be paid together with the regular quarterly dividend of $0.25 per share. In the previous quarter Winmark raised its quarterly dividend by 400.0 percent to 25 cents per share, following a cut of 80 percent earlier this year because of COVID-19 by the retail store franchisor. Lat year the company announced the 9th consecutive year of dividend increases. The special dividend will be paid December 1, 2020 to shareholders of record on the close of business on November 11, 2020. A regular annual rate of $1.00 per share yields 0.6% at a stock price of $172.  In the company's press release announcing this special dividend Brett D. Heffes, Chairman and Chief Executive Officer, stated, “Today’s announcement of a $3 per share special dividend is our latest step in returning capital to our shareholders. Our strong balance sheet and favorable cash flow characteristics allow us ...

Cummins (CMI) will raise its quarterly dividend by 3 percent to $1.35 per share quarterly in 2020. This follows a 15.0 percent increase to $1.311 per share announced by the company in 2019. Last year the diesel engine maker announced a 15 percent dividend hike. The next dividend is payable on December 3, 2020, to shareholders of record on November 20, 2020. A new annualized rate of $5.40 per share yields 2.4% at a stock price of $221. Year-to-date Cummins stock has gained 24.3 percent, resulting in a current market cap of almost $33 billion for the company. Cummins will pay an estimated annual dividend of almost $800 million. Cummins has now raised its dividend 15 consecutive years. Cummins Inc., is a manufacturer of power solutions. The company designs, manufactures, distributes and services diesel and natural gas engines and powertrain-related component products, including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, transmissions,...

Industrial company A.O. Smith (AOS) will increase its quarterly dividend by 8.3% to $0.26 per share this year. Last year the the boiler manufacturer hiked its dividend to $0.24 per share, marking 26 consecutive years of dividend increases.

Penske Automotive (PAG) will reinstate its quarterly dividend in 2020. The operator of automotive and commercial truck dealerships suspended its quarterly dividend earlier this year because of the COVID-19 pandemic. The company last raised its quarterly dividend by 2.4 percent to $0.42 per share in the first quarter of 2020. This marked the 9th consecutive year of dividend increases by the transportation services company. Penske had hiked its dividend in each of the last 35 quarters prior to the dividend cut in 2020. The reinstated dividend is 42 cents quarterly and will be paid on December 1, 2020 to shareholders of record on November 10, 2020. 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 commercial vehicles, diesel engines, gas engines, power systems and related parts ...

Dividend Aristocrat A.O. Smith Corporation (AOS) will raise its quarterly dividend by 8.3 percent to 26 cents per share in 2020. This follows a 9.1 percent increases announced by the boiler manufacturer to $0.24 per share in 2019. In 2018 AOS hiked its dividend twice for a total increase of 57.1 percent, resulting in a current 5 year average dividend growth rate of 22.3 percent. The next dividend will be payable on November 16, 2020 to shareholders of record October 30, 2020. A new annual rate of $1.04 per share yields 1.8% at a stock price of $56.49. In the company's press release dated October 12, 2020 the company announces the dividend hike inclusing a comment from the CEO: "A. O. Smith values its shareholders and works hard to ensure they are rewarded for investing in our company," said Kevin Wheeler, chairman and chief executive officer. "We are proud to say the five-year compound annual growth rate of our dividend rate is more than 22 percent." A.O. Smith ...

ConocoPhillips (COP) will raise its quarterly dividend by 2.4 percent to 43 cents per share in 2020. This comes after a total dividend increase of 37.7 percent to $0.42 per share in 2019. In 2018 the oil company hiked its dividend twice. In 2016 Conoco however cut its dividend by 66.2 percent. The next dividend is payable on December 1, 2020, to stockholders of record at the close of business on October 19, 2020. A new annual dividend rate of $1.72 per share yields 4.9% at a stock price of $35.13. If we include this new dividend increase ConocoPhillips will pay an annual dividend of $1.85 billion to its shareholders. After the 66.2 percent dividend cut in 2016 the company hiked its dividend four consecutive years. The current dividend rate of 43 cents quarterly is 31 cents less than the record dividend of 74 cents quarterly paid in 2015 by the oil and gas company. ConocoPhillips is an energy exploration and production company. The Company explores for, produces, transports and markets ...

Thor Industries, Inc. (THO) will raise its quarterly dividend by 2.5 percent to 41 cents per share in 2020. This follows a 2.6 percent dividend hike 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 6, 2020, to shareholders of record at the close of business on October 23, 2020. A new annual rate of $1.64 per share yields 1.7% at a stock price of $96.59. 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. Thor became a publicly traded company in 1984 and was later listed on the New York Stock Exchange in 1986. Thor Industries has paid a dividend to shareholders every year since at least 1989.

Northwest Natural Holding, formerly Northwest Natural Gas Company (NWN) will raise its quarterly dividend by another 0.5 percent to $0.48 per share in 2020. This follows similar dividend hikes announced by the utility company in the last couple of years. Northwest Natural has now increased its dividend for 65 consecutive years. The next dividend will be paid November 13, 2020 to shareholders of record on October 30, 2020. The company's indicated annual dividend rate is $1.92 per share and yields 4.1% at a stock price of $46.91. Northwest Natural Holding will now pay an estimated annual dividend of $59 million to shareholders. The company has announced a dividend hike of 0.5 percent in each of the last six years with dividend growth slowing every year since at least 2007.  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 Natura...

RPM International (RPM) will raise its quarterly dividend by 5.6 percent to 38 cents per share in 2020. This follows 2.9 percent dividend hike to $0.36 per share in 2019 will mark the 47th consecutive year of annual dividend increases by the specialty chemicals company. The next dividend is payable on October 30, 2020, to stockholders of record as of October 19, 2020. A new annual rate of $1.44 per share yields 2.1% at a stock price of $68.51. “One of the primary ways we continuously reward our shareholders is by annually increasing our cash dividend,” stated Frank C. Sullivan, RPM chairman and CEO in today's press release announcing the dividend hike. “Increasing the dividend, combined with an appreciating stock price, is key to our ability to consistently deliver long-term value and outperform the cumulative total return of the broader market.” RPM International will pay its shareholders a total dividend amount of approximately $197 million based on the the number of shares outst...

McDonald's Corporation (MCD) will increase its quarterly dividend by 3.2 percent to $1.29 per share in 2020. This comes after a 7.8 percent increase to $1.25 per share announced in 2019 by the Dividend Aristocrat. This year will mark the 44th consecutive year of dividend increases for the restaurant company. The next dividend is payable on December 16, 2019 to shareholders of record at the close of business on December 2, 2019. The new quarterly dividend of $1.29 per share is equivalent to $5.16 annually and yields 2.3% at a stock price of $225.61. In the press release dated October 8, 2020 McDonald's President and Chief Executive Officer Chris Kempczinski stated: "Today's dividend increase reflects our strong financial position and represents continued confidence in our ability to drive profitable growth and long-term shareholder value while still investing in our people and the business." The company also mentions that while current year business results have be...

Dividend Aristocrat McDonald's (MCD) will raise its dividend by 3.2 percent to $1.29 per share quarterly in 2020, marking the 44th consecutive annual dividend increase.

Bank OZK (OZK) will raise its quarterly dividend by another 0.9 percent to $0.275 per share in the 4th quarter of 2020. This is the fourth dividend hike announced in 2020 by the bank holding company and follows a similar 0.9 percent hike in the previous quarter. Bank OZK has increased its dividend 22 consecutive years. The next dividend is payable October 19, 2020 to shareholders of record as of October 12, 2020. A new annualized dividend rate of $1.10 per share yields 5% at a stock price of $22.07. In a press release dated October 1, Bank OZK announces this new dividend hike and notes the company has increased its quarterly cash dividend in each of the last forty-one quarters. If we include this fourth dividend increase announced by Bank OZK in 2020 the total dividend hike year-to-date is exactly 10.0 percent. This marks 11 years of double digit dividend growth for the company with an average dividend hike of no less than 22.0 percent during that course. Bank OZK now pays its sharehol...

American Financial Group, Inc. (AFG) will raise its quarterly dividend by 11.1 percent to 50 cents per share in 2020. This increase was previously announced by AFG. Last year the insurance holding company paid a special cash dividend of $1.80 per share in the fourth quarter of 2019, following a $1.50 per share special dividend paid earlier in 2019. The regular dividend was also hiked by 12.5 percent to 45 cents per share quarterly in 2019. The next dividend is payable on October 26, 2020 to holders of record on October 15, 2020. A regular annualized dividend rate of $2.00 per share yields 2.9% at a stock price of $69.73. If we include this 2020 dividend hike that was just announced by American Financial Group, the company has a dividend history of 15 consecutive years of dividend increases, with a double digit dividend increase announced by AFG in each of the last nine years. The company currently pays an estimated annual dividend of $180 million to its shareholders. This amount does n...