Dividend Track Records

Preferred Bank (PFBC) will raise its quarterly dividend by another 13.2 percent to $0.43 per share in 2021. This is the second dividend increase announced by the commercial bank in 2021 for a total hike of 43.3 percent. Chairman and CEO Li Yu commented, “We are very pleased to increase the dividend as it is a direct reflection of the strong performance of the Bank through the pandemic year.” The next PFBC dividend is payable on January 21, 2022 to holders of record on January 7, 2022. The new annual dividend of $1.72 per share translates into an estimated yield of 1.6% for Preferred Bank shareholders at a stock price of $70. Preferred Bank is a commercial bank headquartered in California, conducting its banking business from its main office in Los Angeles, California, and through eleven full-service branch banking offices in California and one branch in Flushing, New York. In addition, the Bank operates a loan production office in the Houston suburb of Sugar Land, Texas. Preferred Ban...

Balchem Corporation (BCPC) will raise its annual dividend by 11.5 percent to 58 cents per share. This marks the 12th consecutive year of annual dividend increases. The new dividend yield for BCPC is 0.4%. Balchem Corporation reports four business segments: Human Nutrition & Health; Animal Nutrition & Health; Specialty Products; and Industrial Products. The Human Nutrition & Health segment delivers customized food and beverage ingredient systems, as well as key nutrients into a variety of applications across the food, supplement and pharmaceutical industries. The Animal Nutrition & Health segment manufactures and supplies products to numerous animal health markets. Through Specialty Products, Balchem provides specialty-packaged chemicals for use in healthcare and other industries, and also provides chelated minerals to the micronutrient agricultural market. The Industrial Products segment manufactures and supplies certain derivative products into industrial applications....

Potato products supplier Lamb Weston Holdings Inc. (LW) will raise its quarterly dividend by 4.3 percent to 24.5 cents per share in 2021. This follows a dividend hike of 2.2 percent to 23.5 cents per share in 2020. This marks the 5th year of dividend increases by Lamb Weston, a member of the S&P500-index. The Board of Directors of LW declared a quarterly dividend of $0.245 per share of Lamb Weston common stock, a 4-cent annualized increase. The dividend is payable on March 4, 2022, to stockholders of record as of the close of business on Feb. 4, 2022. A new annualized dividend rate of 98 cents per share yields 1.2% at a stock price of $79. Lamb Weston also authorized to repurchase up to an additional $250 million of its common stock. This is an increase to the initial repurchase program, first approved in December 2018. The program has no expiration date. Two years ago Lamb Weston stated that it will continue to target an annual dividend payout ratio of 25 percent to 35 percent of ...

Mosaic Co (MOS) will raise its quarterly dividend by another 50 percent to 11.25 cents. Earlier in 2021 MOS had already hiked its dividend by 50 percent to 7.5 cents per share. This is the second dividend hike since 2019 by the fertilizer maker and marks 3 consecutive years of increases. The next MOS quarterly dividend will be paid on March 17, 2022, to stockholders of record as of the close of business on March 3, 2022. A new annual rate of 45 cents per share yields 1.2% at a stock price of $36.46. The annual dividend payment by Mosaic will jump to $171 million. The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry. Mosaic operates through three segments: Phosphates, Potash and Mosaic Fertilizantes.

Dividend Aristocrat Realty Income has raised its dividend by 5.1% in 2021 Monthly dividend paying real estate company Realty Income has just announced the 5th increase in 2021. Shareholders will receive a new monthly payment of $0.2465. This year the dividend has been raised by a total of 5.1 percent, based on five smaller dividend hikes.

Bristol-Myers Squibb (BMY) will raise its dividend by 10.2 percent to 54 cents per share quarterly. This comes after a 8.9 percent hike to $0.49 per share announced by BMY in 2021. The pharmaceutical company has now raised its dividend for 14 consecutive years. The next quarterly BMY dividend of 54 cents will be payable on February 1, 2022 to stockholders of record at the close of business on January 7, 2022. A new indicated annual dividend rate of $2.16 per share yields 3.6% at a stock price of $60. Bristol-Myers Squibb now pays an estimated $4.79 billion in dividends to shareholders annually. Dividend growth has been picking up in the last three years, lifting the five year average annualized dividend growth rate to 6.7 percent if we include the 2021 dividend hike just announced. Bristol-Myers Squibb Company is is a global specialty biopharmaceutical company.  Bristol-Myers is developing new medicines in the following core therapeutic areas: oncology with a priority in certain t...

Eli Lilly and Company (LLY) will raise its dividend by 15.3 percent to 98 cents per share. This follows a dividend hike of 14.9 percent to $0.85 per share in the first quarter of 2021. The pharmaceutical company has now raised its dividend for 8 consecutive years. The next LLY dividend is payable March 10, 2022, to shareholders of record as of the close of business on February 15, 2022. The new annual indicated rate to $3.92 per share, yields 1.6% at a stock price of $271.40. Eli Lilly and Company is a manufacturer of human pharmaceutical products. It’s human pharmaceutical products include endocrinology products, neuroscience products, oncology products, immunology products and cardiovascular products. In the U.S., most of Lilly's pharmaceutical products are distributed through wholesalers that serve pharmacies, physicians and other health care professionals, and hospitals. Outside the U.S, the company promotes its products to healthcare providers primarily through sales represen...

The Toro Company (TTC) will raise its quarterly dividend by 14.3 percent to 30 cents in 2021. This follows a dividend hike of 5.0 percent to $0.2625 per share in 2020 and will mark the company's 13th consecutive year of annual dividend increases. The next TTC dividend is payable on January 11, 2022, to shareholders of record on December 28, 2021. A new annualized dividend rate of $1.20 per share yields 1.2% at a stock price of $98 for Toro.  The Toro Company is a provider of solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. Toro's products help customers care for golf courses, sports fields, construction sites, public green spaces, commercial and residential properties and agricultural operations. The company’s brands include Toro, Ditch Witch, Exmark, BOSS Snowplow, American Augers, Subsite Electronics, Hamm...

Dividend Aristocrat  Franklin Resources (ticker symbol BEN) has just announced a dividend hike of 3.6 percent to 29 cents per share. The investment management company has now increased its dividend 41 years in a row.

WD-40 (WDFC) will raise its quarterly dividend by another 8.3 percent to 78 cents per share in 2021. This comes after a 7.5 percent to 72 cents per share earlier 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 WDFC dividend is payable January 31, 2022 to stockholders of record at the close of business on January 14, 2022. A new annualized dividend rate of $3.12 per share yields 1.3% at a stock price of $251. WD-40 currently pays shareholders an estimated total dividend amount of $43 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 ware...

American Financial Group, Inc. (AFG) will pay yet another special dividend of $2.00 per share. This comes after a special dividend of $4.00 per share announced one month ago. The insurance holding company last raised its quarterly dividend by 12 percent to 56 cents per share in August and has now declared $26.00 per share in special dividends in 2021. The regular annual dividend rate of $2.24 per AFG share yields 1.6% at a stock price of $139. The $2.00 special AFG dividend is payable on December 30, 2021 to shareholders of record on December 24, 2021. With this special dividend, the American Financial has declared $26.00 per share in special dividends in 2021. AFG Co-CEOs Carl H. Lindner III and S. Craig Lindner stated: “Returning excess capital to shareholders in the form of this $2.00 special dividend is an important and effective component of our capital management strategy; it reflects AFG’s strong financial position and our confidence in the Company’s financial future. Our excess...

Dividend Aristocrat Abbott Laboratories (ticker symbol ABT) will raise its quarterly dividend by 4.4 percent to $0.47 per share in 2021. This marks the 50th consecutive year of dividend increases by the healthcare company.

The average dividend growth rate for Pentair is 4.0% based on the last five years In a very busy week for Dividend Aristocrats Pentair has just announced its annual dividend hike with a five percent increase to its quarterly cash dividend. The industrial company has now raised its dividend 46 consecutive years.

Ecolab hiked its dividend by only 2 percent in both 2020 and 2019 Dividend Aristocrat Ecolab will raise its dividend by 6.3 percent to $0.51 per share in 2021. This follows a dividend hike of just 2.1 percent last year. Ecolab has now boosted its dividend 30 consecutive years.

Nucor has raised its dividend 49 years in a row © dividendtrackrecords.com Dividend Aristocrat and steel company Nucor (symbol: NUE) has just announced a massive dividend increase in 2021. The best performing Aristocrat YTD will pay shareholders 23.5 percent more dividend with a new quarterly rate of 50 cents per share.

On December 2, 2021, Eastman Chemical (EMN) announced that it will raise its quarterly dividend by 10.1 percent to 76 cents. This marks the 12th consecutive year of dividend increases by the materials and specialty additives company. The next EMN dividend is payable January 7, 2021, to stockholders of record as of December 15, 2021. Eastman Chemical Company (Eastman) is a global advanced materials and specialty additives company. The company's operating segments are: Additives & Functional Products ("AFP"), Advanced Materials ("AM"), Chemical Intermediates ("CI"), and Fibers. Through AFP Eastman manufactures chemicals for products in the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. AM produces and markets polymers, films, and plastics. The CI segment leverages large scale and vertical integration from the cellulose and acetyl, olefins, and alkylamines s...

Dividend Aristocrat McCormick has now raised its dividend 36 consecutive years Dividend Aristocrat McCormick & Company (symbol: MKC) has rewarded investors with yet another nice dividend increase in 2021. Shareholders will receive a 8.8 percent dividend increase to $0.37 quarterly per share.  McCormick, a US manufacturer of spices, seasoning mixes, condiments and other flavorful products, has paid dividends each year since 1925.