Dividend Track Records

Penske Automotive (PAG) will hike its dividend to $0.43 in Q1 of 2021. The operator of automotive and commercial truck dealerships suspended its quarterly dividend in 2020 because of the COVID-19 pandemic. The company previously 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 next dividend of 43 cents quarterly will be paid on March 1, 2021 to shareholders of record on Feb. 10, 2021. A new annual dividend rate of $1.72 per share will yield 2.8% at a stock price of $62 for PAG. 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 commerci...

John B Sanfilippo & Son (JBSS) will pay another special divdiend in Q1 of 2021. The processor, packager, marketer and distributor of nut and dried fruit based products announced a $2.50 per share special dividend. Last year the company hiked its annual dividend by 8.3 percent to 65 cents per share and also paid two special dividends ($1.00 and $1.85 per share). The special dividend of $2.50 per share will be paid on March 26, 2021 to stockholders of record as of the close of business on Feb. 16, 2021. The regular annual dividend of 65 cents per share yields 0.8% at a stock price of $82,86. “We are pleased to announce a Special Dividend of $2.50 per share,” stated Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer in the press release dated January 27, 2021, announcing this new special dividend payment. “Our financial performance for the first two quarters of fiscal 2021 has provided us the opportunity to declare a Special Dividend to be paid in the third quarter of fis...

NiSource (NI) will raise its quarterly dividend by 4.8 percent to 22 cents per share in 2021. This follows a  5.0 percent hike to $0.21 per share in the first quarter of 2020. This also marks the 10th consecutive year of annual dividend increases for the energy holding company. The next dividend is payable February 19, 2021 to shareholders of record as of February 9, 2021. A new annualized dividend of 88 cents per share yields 4.0% at a stock price of $22.17. NiSource Inc. is an energy holding company. The company operates a natural gas pipeline and provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts. NiSource also provides electric service in the northern part of Indiana. The company's subsidiary NIPSCO owns and operates coal-fired electric generating stations.

Jacobs Engineering Group (JEC) will increase its quarterly dividend by 10.5 percent to 21 cents per share in 2021. This follows a hike of 11.8 percent to $0.19 per share in the first quarter of 2020. This also marks the third dividend hike since JEC initiated in 2017. The next dividend will be paid on March 26, 2021 to shareholders of record as of the close of business on February 26, 2021. A new annualized dividend rate of 84 cents per share yields 0.8% at a stock price of $105. Jacobs is a provider of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company operates in two lines of business: Critical Mission Solutions (formerly Aerospace, Technology and Nuclear) and People & Places Solutions (formerly Buildings, Infrastructure and Advanced Facilities). The company initiated a quarterly dividend in 2017.

Unitil Corporation (UTL) will raise its quarterly dividend by 1.3 percent in 2021 to 38 cents per share. This comes after a hike of 1.4 percent, this time to $0.375 per share last year. This 2021 increase will mark the utility holding company's 7th consecutive year of dividend hikes. The next dividend is payable February 26, 2021, to shareholders of record on February 12, 2021. A new annual dividend rate of $1.52 per share yields 3.7% at a stock price of $40.81. “Recognizing the importance of the dividend to our shareholders, I’m pleased that we’ve again increased our quarterly dividend rate,” said Thomas P. Meissner, Jr., Unitil’s chairman, president, and chief executive officer. “This continues our unbroken record of quarterly dividend payments since trading began in Unitil’s common stock, and reflects the confidence we have in the outlook for continued growth.” Unitil Corporation is a utility holding company.Unitil’s principal business is the local distribution of electricity an...

California Water Service Group (CWT) will raise its quarterly dividend by 8.2 percent to $0.23 per share in 2021. This follows a 7.6 percent hike to $0.2125 per common share announced in the first quarter of 2020. This represents the company’s 54th consecutive annual dividend increase. The quarterly dividend of 23 cents per common share will be payable on February 19, 2021 to stockholders of record on February 8, 2021. A new annual dividend rate of 92 cents per share yields 1.7% at a stock price of $54.56. California Water Service Group is the parent company of California Water Service, Washington Water Service, New Mexico Water Service, Hawaii Water Service, CWS Utility Services, and HWS Utility Services. Together, these companies provide regulated and non-regulated water service to nearly 2 million people in California, Washington, New Mexico, and Hawaii.

Arthur J Gallagher & Co (AJG) will raise its quarterly dividend by 6.7 percent to 48 cents per share in 2021. This comes after a 4.7 percent hike to $0.45 per share announced in the first quarter of 2020. This marks the 11th consecutive year of dividend increases by the insurance broker. The next dividend will be payable on March 19, 2021 to stockholders of record as of March 5, 2021. The new dividend yield for AJG is 1.7% at a stock price of $113 based on the new annualized rate of $1.92 per share. Arthur J Gallagher will now pay an estimated $369 million in dividends to shareholders annually. This last dividend hike just announced by the company is the biggest in more than a decade. Arthur J. Gallagher & Co. plans, designs, and administers property/casualty insurance and risk management programs. The company also furnishes a broad range of risk management services including claims and information management, risk control consulting and appraisals to help corporations and inst...

Anthem Inc (ANTM) will raise its quarterly dividend by 18,9 percent to $1.13 per share in 2021. This comes after a 18.8 percent hike to $0.95 per share was announced in January 2020. This will also mark the 10th consecutive year of annual dividend increases by the health benefits company. The first quarter dividend is payable on March 25, 2021 to shareholders of record at the close of business on March 10, 2021. A new annualized dividend rate of $4.52 per share yields 1.6% at a stock price of $290. Anthem will now pay its shareholders an estimated $1.1 billion in dividends annually. The average dividend growth in the last five years jumps to 11.7 percent annually if we include this new increase just announced. Anthem, Inc. is a health benefits company. The company offers managed care plans to large and small employer, individual, Medicaid and Medicare markets. Anthem has three reportable segments: Commercial & Specialty Business (comprised of the Local Group, National Accounts, Ind...

First Foundation Inc. (FFWM) will raise its quarterly dividend by 28,6 percent to 9 cents per share in 2021. Last year the dividend was hiked by 40.0 percent to $0.07 per share. The company initiated a quarterly dividend of five cents two years ago. The next dividend will be paid on February 15, 2021 to stockholders of record as of the close of business on February 2, 2021. The annualized dividend of 36 cents yields an estimated 1.7% at a stock price of $20,50. First Foundation is a financial services company that provides financial services to individuals, businesses and other organizations. The company's integrated platform provides investment advisory and wealth management services, banking products and services, trust services, and life insurance services. FFWM provides business banking products and services to small to moderate-sized businesses and professional firms, and consumer banking products and services to individuals and families. The compan's investment advisory a...

MarketAxess Holdings (MKTX) will raise its quarterly dividend by 10 percent to 66 cents per share in 2021. This comes after a 17.6 percent hike to $0.60 per share in the first quarter of 2020. This also marks the 12th consecutive year in a row of dividend increases for the electronic trading platform. The next dividend will be paid on February 24, 2021 to stockholders of record as of the close of business on February 10, 2021. A new annualized dividend rate of $2.64 per share yields 0.5% at a stock price of $534. MarketAxess Holdings will now pay an estimated $100 million in dividends to shareholders annually. The dividend has been raised by double digits for 11 consecutive years. MarketAxess operates a leading electronic trading platform that enables fixed-income market participants to efficiently trade corporate bonds and other types of fixed-income instruments using MarketAxess' patented trading technology. MarketAxess was formed in April 2000, and pilot trading on our fully dis...

Dividend Aristocrat Kimberly-Clark Corporation (KMB) will raise its dividend for the 49th consecutive year in 2021. The 6.5% dividend hike just announced is the biggest since 2015.

Dividend Aristocrat Consolidated Edison (ED) will raise its quarterly dividend by 1.3 percent to $0.775 per share in 2021. This marks the utility company's 47th consecutive year of higher dividends.

1st Source (SRCE) will hike its quarterly dividend by 3.6 percent to 29 cents per share in 2021. Last year the dividend was cut by 3.4 percent from 29 cents to 28 cents per share. The company previously raised its quarterly dividend by 7.4 percent to $0.29 per share in Q4 of 2019. The next dividend is payable to shareholders of record on February 2, 2021 and will be paid on February 12, 2021. A new annual rate of $1.16 per share yields 2.8% at a stock price of $41.40. Christopher J. Murphy III, Chairman, President and Chief Executive Officer, commented, “Given the unique challenges presented by the COVID-19 pandemic during 2020, I am proud of my colleagues for keeping themselves and our clients safe while delivering great client service. We helped our communities and clients by providing over 3,500 Paycheck Protection Program (PPP) loans for over $597 million, keeping businesses going and people employed. At the end of the year, $236 million of these loans had been forgiven. Over half ...

 MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.10 per share on its common stock. The cash dividend is payable on February 12, 2021 to shareholders of record as of February 3, 2021.

Dividend Aristocrat Cintas Corporation (CTAS) will raise its quarterly dividend by five cents to $0.75 per share in Q1 of 2021. This marks 38 consecutive years of dividend increases by the work uniforms maker.

Agree Realty (ADC) will raise its quarterly dividend by 0.2 percent and start paying monthly dividends.  Last year the shopping center REIT announced two dividend hikes for a total increase of 6.0 percent. Agree Realty has now raised its dividend 9 consecutive years.  The company has declared a monthly cash dividend of $0.207 per common share. This represents ADC's inaugural monthly cash dividend. The new monthly dividend reflects an annualized dividend amount of $2.484 per common share, representing a 6.2% increase over the annualized dividend amount of $2.340 per common share from the first quarter of 2020. The dividend is payable February 12, 2021 to shareholders of record at the close of business on January 29, 2021. A new annualized dividend of $2.48 per share yields 3.9% at a stock price of $64  for Agree Realty. According to calculations made by dividendhike.com Agree Realty will now pay an estimated $137 million in dividends to shareholders annually. Agree Realty ...

Lakeland Financial Corporation (LKFN) will raise its quarterly dividend by 13.3 percent to 34 cents per share in 2021. This follows a 15.4 percent hike to $0.30 per share in the second quarter of 2019. If we look at annual dividends paid to shareholders 2021 will mark the 10th consecutive year of increases for the bank. The next dividend is payable on February 5, 2021 to shareholders of record as of January 25, 2021. A new annualized rate of $1.36 per share yields 2.3% at a stock price of $60.33. “Our continued strong capital position provides the foundation for increasing our dividend. As we enter 2021, this strong capital position supports this healthy 13% dividend increase.” said David M. Findlay, President and Chief Executive Officer in the company's press release dated January 13, 2021. Lakeland Financial Corporation is a bank holding company headquartered in Warsaw, Indiana. Lake City Bank, its single bank subsidiary, is the sixth largest bank headquartered in the state and t...

STAG Industrial (STAG)  will raise its monthly dividend by 0.7 percent to $0.120833 per share in the first quarter of 2021. This follows a similar dividend hike by the REIT in the past two years. The first increased dividend of $0.120833 per share will be paid on February 16, 2021 to shareholders of record on January 29. The other payment dates announced for the Q1 dividend are March 15 and April 16. The new annualized dividend rate of $1.45 per share yields 4.8% at  a stock price of $30.24. STAG will now pay an estimated $230 million in dividends to shareholders annually. The dividend was last hiked by double digits in 2014 with a 10.0 percent increase. STAG Industrial, Inc. is a real estate investment trust. The company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The company is structured as an umbrella partnership REIT, also known as an UPREIT, and owns all of its properties and conducts subst...

Apogee Enterprises (APOG) will raise its quarterly dividend by 6.7 percent to 20 cents per share in 2020. This follows a 7.1 percent hike to $0.1875 per share in the first quarter of 2020 and will mark 8 straight years of dividend increases. The next dividend will be payable on February 16, 2021 to shareholders of record at the close of business on February 1, 2021. A new annualized dividend rate of 80 cents per share yields 2.2% at a stock price of $36. This marks Apogee’s eighth consecutive year with a dividend increase, during which time the quarterly dividend has more than doubled, from $0.09 per share to $0.20 per share. The company will now pay an estimated $20 million in dividends to shareholders annually. The average dividend growth rate in the last five years is 9.9 percent annually. Apogee Enterprises, Inc. provides glass solutions for enclosing commercial buildings and the picture framing market. The company's Architectural Framing Systems segment companies design, engin...

Royalty Pharma PLC (RPRX) has announced its first dividend hike since the pharmaceutical company became publicly listed earlier this year as one of the biggest initial public offerings in the United States. The company initiated a $0.15 per share quarterly dividend in 2020 and will now hike its dividend by 13.3 percent to 17 cents per share quarterly. This increased dividend of $0.17 per share will be paid on March 15, 2021, to shareholders of record at the close of business on February 19, 2021. This results in a dividend yield of 1.3% based on a stock price of $51.27 and a new annual dividend rate of 68 cents per share. Royalty Pharma will pay an estimated annual dividend of $428 million to its shareholders if we include this latest dividend hike. Founded in 1996, Royalty Pharma is the largest buyer of biopharmaceutical royalties and a leading funder of innovation across the biopharmaceutical industry, collaborating with innovators from academic institutions, research hospitals and n...

Enterprise Products Partners L.P. (EPD) will raise its quarterly distribution by 1,1 percent to $0.45 per unit. This follows a 0.6 percent hike announced by the MLP in the previous year. Enterprise has increased its cash distribution rate for 22 consecutive years and 2021 will normally mark the 23rd straight year of increases. The quarterly distribution will be paid Thursday, February 11, 2021, to unitholders of record as of the close of business Friday, January 29, 2021. This distribution represents a 1.1 percent increase over the distribution declared with respect to the fourth quarter of 2019. A new annual rate of $1.80 yields 8,4% at a stock price of $21.39 for Enterprise Products Partners. Two years ago, in 2019, the company announced four dividend hikes for a total increase of 2.3 percent. Enterprise Products Partners now pays an estimated $3.9 billion annually in distributions to unitholders. Enterprise Products Partners L.P. is a North American provider of midstream energy ...

Alamo Group (ALG) will raise its quarterly dividend by 7.7 percent to 14 cents per share in 2021. This comes after a dividend hike of 8.3 percent to $0.13 per share announced in the first quarter of 2020. This is the second dividend hike announced by the company since 2018. The next dividend will be paid on January 29, 2021 to shareholders of record at the close of business on January 19, 2021. A new annual dividend rate of $0.56 per share yields 0.4% at a stock price of $150.85. Alamo Group will now pay an estimated $7 million in dividends to shareholders annually. In 2020 the stock price gained 9.9 percent, dividends not included. Alamo has raised its dividend by an average of 9.2 percent annually in the last five years. Alamo Group is a manufacturer and distributor of equipment for infrastructure maintenance, agriculture and other applications. The company's products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow remova...

Bank OZK (OZK) will raise its quarterly dividend by another 0.9 percent to $0.2775 per share in the 1st quarter of 2021. Bank OZK has increased its dividend 23 consecutive years with four dividend hikes announced in 2020. The next dividend is payable January 22, 2021 to shareholders of record as of January 15, 2021. A new annualized dividend rate of $1.11 per share yields 3.5% at a stock price of $34.59. In a press release dated January 4, 2021, Bank OZK announces this new dividend hike and notes the company has increased its quarterly cash dividend in each of the last forty-two quarters. Last year Bank OZK announced four dividend hikes for a total increase of exactly 10.0 percent. This marked 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 shareholders an estimated $142 million in dividends annually. Bank OZK, formerly Bank of the Ozarks, Inc. is a bank holding company. The Co...