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...

As previously announced Qualcomm (QCOM) will raise its quarterly dividend by 4.6 percent to 68 cents per share in 2021. This comes after a dividend hike of 4.8 percent to $0.65 per share in 2020. This marks the 18th consecutive year of dividend increases by the technology company. The next dividend is payable on June 24, 2021, to stockholders of record at the close of business on June 3, 2021. A new annual dividend rate of $2.72 per share yields 2.0% at a stock price of $135. In the company's press release from last month, (pre)announcing this increase Steve Mollenkopf, CEO of Qualcomm Incorporated, said, "We are pleased to announce an increase in our quarterly dividend, reflecting our strong financial performance and continued commitment to returning capital to stockholders." Qualcomm Incorporated manufactures digital wireless communications equipment. Qualcomm’s products principally consist of integrated circuits (chips/chipsets) and system software used in mobile devic...

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...

Specialty home products retailer Williams-Sonoma (WSM) will raise its quarterly cash dividend by 11.3 percent to 59 cents quarterly in 2021. This follows a dividend hike of 10.4 percent to 53 cents per share announced in 2020. The company previously hiked its dividend by 11.6 percent to $0.48 per share in 2019. The year 2021 will mark 15 consecutive years of dividend increases by WSM. The next quarterly dividend is payable on May 28, 2021 to stockholders of record as of the close of business on April 23, 2021. A new annual rate of $2.36 per share yields 1.3% at a stock price of $178.61. “Our decisions to increase our quarterly dividend, to approve a new $1 billion share buyback authorization and to eliminate all outstanding funded debt reflect our confidence in the long-term outlook of our company, and our commitment to maximizing returns for our shareholders,” said Laura Alber, President and Chief Executive Officer. Williams-Sonoma has announced a double digit dividend hike in each of...

Armanino Foods of Distinction Inc. (AMNF) will hike its quarterly dividend by 28.6 percent to $0.225 per share in 2021. Last year the food company cut its quarterly dividend by 36.4 percent to $0.0175 per share. Earlier in 2020 the Italian food products company had raised its quarterly dividend by 10.0 percent $0.0275 per share, marking the 15th consecutive year of dividend increases. The dividend will be payable to shareholders of record on April 6, 2021 and will be disbursed on or about April 28, 2021. This is the Company’s 83rd consecutive quarterly dividend. In addition, the Company has had ten special dividends. The new annual dividend rate yields 3.0% at a stock price of $2.98. Douglas R. Nichols, Chairman of the board stated, “The strength and resilience of our Company continues to be proven as we emerge from the ongoing macroeconomic situation. As a result, we are pleased to announce that we are increasing our dividend by 29% versus the previous three quarters. Despite the obst...

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...