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Showing posts from September, 2021

JPMorgan Chase hikes dividend by 11.1%

As previously announced, JPMorgan Chase & Co (JPM) will raise its quarterly dividend by 11.1 percent from 90 cents to 100 cents per share in 2021. This comes after a 12.5 percent hike to $0.90 per share in 2019, marking the 9th consecutive year of dividend increases by the financial company. This new hike means 11 years in a row for JPM. The next dividend will be paid on October 31, 2021 to JPM shareholders with the ex-dividend date being October 5, 2021. Based on a stock price of $166 the new annual dividend rate of $4.00 per share yields 2.4% to JPMorgan shareholders. JPM is one of the biggest dividend payers in the United States with an estimated $11.95 billion in dividends paid to shareholders annually. JPMorgan Chase & Co. is engaged in investment banking and financial services. JPM operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The ...

Ingredion hikes dividend by 1.6%

Ingredion Incorporated (INGR) will raise its quarterly dividend by another 1.6 percent to 65 cents per share in 2021. This matches last year's dividend hike by INGR and marks the 11th consecutive year of annual dividend increases by Ingredion based on calendar years. The next INGR dividend of 65 cents is payable on October 25, 2021, to stockholders of record at the close of business on October 4, 2021. A new annualized rate of $2.60 per share yields 2.9% at a stock price of $89.  Ingredion Incorporated is a global ingredient solutions provider. The company is principally engaged in the production and sale of starches and sweeteners for a wide range of industries. Ingredion turns corn, tapioca, potatoes, grains, fruits, and vegetables into value-added ingredients and biomaterials for the food, beverage, paper and corrugating, brewing and other industries. The company's four reportable business segments are: North America, South America, Asia Pacific and Europe, Middle East, and ...

Dividend Aristocrat McDonald's raises dividend 45th year in a row

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Dividend Aristocrat McDonald's (MCD) will hike its dividend by seven percent in 2021, marking 45 consecutive years of dividend increases. The new dividend yield for MCD is 2.3%.

Equity Bancshares initiates dividend

The Equity Bancshares, Inc. (EQBK) Board of Directors has announced an initial quarterly cash dividend to its stockholders. The quarterly dividend of $0.08 per common share of Equity Bancshares, Inc. Class A stock is payable on October 14, 2021 to stockholders of record at the close of business on September 30, 2021. An annual dividend rate of 32 cents per share for EQBK yields 1% at a stock price of $33.24. “We’re pleased to declare a dividend to our stockholders for the first time in our Company’s history. We have been evaluating this as our Company and profits have each continued to grow,” said Brad Elliott, Chairman and CEO of Equity. “We appreciate the support of our stockholders and the ongoing efforts of our Equity Bank teams throughout our four-state footprint to continue to deliver expertise, innovation, and local service to our customer base.” The Board also authorized the repurchase of up to 1,000,000 shares of Equity’s outstanding common stock, par value $0.01 per share, fr...

American Financial Group pays special dividend

American Financial Group, Inc. (AFG) will pay another special dividend of $4.00 per share. The insurance holding company last raised its quarterly dividend by 12 percent to 56 cents per share in August.  The dividend is payable on October 5, 2021, to holders of record on September 28, 2021. The aggregate amount of the payment to be made in connection with this special dividend will be approximately $340 million. This special dividend is in addition to the Company’s regular quarterly cash dividend last paid in July 2021. AFG recently announced a 12% increase in its regular quarterly cash dividend to $0.56 per share, beginning in October 2021. The regular annual dividend rate of $2.24 per AFG share yields 1.7% at a stock price of $132. AFG Co-CEOs Carl H. Lindner III and S. Craig Lindner stated: “Returning excess capital to shareholders in the form of this $4.00 special dividend is a key component of AFG’s capital management strategy; it reflects AFG’s strong financial position and o...

Marriott Vacations reinstates dividend

Marriott Vacations Worldwide Corporation (VAC) will reinstate its quarterly dividend of 54 cents per share. Last yeare VAC had suspended its quarterly dividend because of COVID-19. The vacation ownership company originally had initiated a dividend in 2014. The next VAC dividend of $0.54 per share will be paid on October 7, 2021 to shareholders of record on September 23, 2021. A new annualized dividend rate of $2.16 per share for Marriott Vacations will yield 1.4% at a stock price of $156.64. Marriott Vacations Worldwide Corporation is a global vacation ownership company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It also includes exchange networks and membership programs, as well as management of other resorts and lodging properties. Its seven vacation ownership brands include Marriott Vacation Club, The Ritz-Carlton Destination Club and Grand Residences by Marriott. The company maintains exc...

Realty Income raises dividend for third time in 2021

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Realty Income is a Dividend Aristocrat Dividend Aristocrat Realty Income will raise its quarterly dividend for the third time in 2021 with a new 0.2 percent increase. The commercial REIT will hike its monthly dividend to $0.236 per share. 

Northrim BanCorp hikes dividend by 2.7%

BancFirst hikes dividend by 5.9%

BancFirst Corporation (BANF) will raise its quarterly dividend by 5.9 percent to 36 cents per share in 2021. This follows a dividend hike of 6.3 percent to 34 cents per share in 2020 and will mark the 28th consecutive year of annual dividend increases by the financial services company. The next BANF dividend is payable October 15, 2021, to shareholders of record on September 30, 2021. A new annualized dividend rate of $1.44 per share yields 2.6% at a stock price of $55. The next ex-dividend date for BancFirst Corporations stock is September 29, 2021. BancFirst Corporation is an Oklahoma based financial services holding company. The company's principal subsidiary bank, BancFirst, is Oklahoma's largest state-chartered bank.  It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support. BANF also owns 100% of BancFirst Insurance Services, Inc., an independent insurance agency, and 100% of Council Oak...

Brady Corp raises dividend for 36th consecutive year

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Brady will increase its dividend by 2.3 percent in 2021 Brady Corporation (BRC) will raise its quarterly dividend for the 36th year in a row in 2021. The manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people ups the quarterly payment by 2.3 percent to 22.5 cents per share.

Lamar Advertising hikes dividend by 33.3%

Lamar Advertising (LAMR) will raise its quarterly dividend by 33.3 percent to $1.00 per share. This is the second dividend hike by the outdoor advertising company in 2021. Last year the dividend was cut from $1.00 to $0.50 per share. The next dividend is payable on September 30, 2021 to stockholders of record on September 20, 2021. A new $4.00 per share annual dividend rate yields 3.5% at a stock price of $114. Lamar Advertising had previously hiked its dividend 5 consecutive years. Founded in 1902, Lamar Advertising is one of the largest outdoor advertising companies in North America, with displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day. In addition to its more traditional out-of-home inventory, Lamar offers its customers the largest network of digital billboards in the United States. Lamar's adve...