Dividend Track Records

EOG Resources Inc. (EOG) will increase its quarterly dividend by 10 percent 41.25 cents per share in 2021. This follows a dividend hike of 30.4 percent to $0.375 per share in 2020. The oil company has now hiked its dividend 4 consecutive years. The next dividend will be payable April 30, 2021, to stockholders of record as of April 16, 2021. The indicated annual rate is $1.65 per share yields 2.3% at a stock price of $70.51. "The increase in the regular dividend reflects the significant progress EOG has made in the past 12 months. We have lowered operating costs and well costs, in turn reducing the breakeven oil price needed to maintain our production. It also demonstrates the confidence we have in the resiliency of our business. We will evaluate all options to maximize total shareholder return as cash becomes available." (CEO Bill Thomas commenting on the dividend hike). EOG Resources, Inc., organized in 1985, together with its subsidiaries explores for, develops, produces an...

Texas Pacific Land Corporation (TPL) will raise its dividend by 10 percent in 2021. The company also announced a name change from Trust to Corporation and will start paying quarterly instead of annual dividends. The first quarterly dividend is $2.75 per share, up from an adjusted $2.50 per share last year. In 2020 the company announced an increase in the annual dividend by 471.4 percent to $10.0 per share. Also a $6.00 per share special dividend was paid. 2021 will mark the 18th consecutive year of dividend increases. NAME CHANGE AND QUARTERLY DIVIDENDS As previously announced, on January 11, 2021, TPL completed its reorganization from a business trust, Texas Pacific Land Trust, into Texas Pacific Land Corporation. The board of directors has determined to pay dividends quarterly going forward in March, June, September and December of each year, subject to the discretion of the Board. On February 17, 2021, the Board declared a quarterly cash dividend of $2.75 per share payable on Ma...

WD-40 (WDFC) will raise its quarterly dividend by 7.5 percent to 72 cents per share in 2021. Last year the maintenance products maker did not announced a dividend hike with the previous increase dating back to 2020 when a 9.8 percent hike to $0.67 per share was announced. This 2021 increase represents the 12th consecutive year the company has raised its annual dividend based on calendar years. The next quarterly dividend is payable April 30, 2021 to stockholders of record at the close of business on April 16, 2021. A new annualized dividend rate of $2.88 per share yields 1.0% at a stock price of $280. WD-40 currently pays shareholders an estimated total dividend amount of $39 million annually. WD-40 Company develops and sells maintenance products, and homecare and cleaning products which solve problems in workshops, factories and homes. The company sells its products worldwide primarily through warehouse club stores, automotive parts outlets, hardware stores, industrial distributors an...

Bank OZK (OZK) will raise its quarterly dividend by another 0.9 percent to $0.228 per share in the second quarter of 2021. Bank OZK has increased its dividend 23 consecutive years with four dividend hikes announced in 2020. This marks the second dividend hike announced in 2021 for a total increase of 1.8 percent. The next dividend is payable April 19, 2021 to shareholders of record as of April 12, 2021. A new annualized dividend rate of $1.12 per share yields 2.8% at a stock price of $40.61. In a press release dated April 1, 2021, Bank OZK announces this new dividend hike and notes the company has increased its quarterly cash dividend in each of the last 43 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 $144 million in dividends annuall...