Dividend Track Records

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.

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.

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...