Posts

Showing posts from December, 2022

Cal-Maine Foods hikes dividend by 58.3%

AMCON Distributing pays special dividend

AMCON Distributing Company (DIT) will pay a special dividend of $5.00 per share on January 13, 2022 to shareholders of record on January 3, 2023. The regular quarterly dividend is $0.18 per share.

Cricut pays special dividend

On December 2, 2022, Cricut Inc. (CRCT) has declared a $0.35 per share special dividend. The technology company does not pay a regular quarterly dividend to shareholders. Cricut, Inc. announced that the Board of Directors, through its Audit Committee, has declared a special, one-time cash dividend of $0.35 per share to holders of the Company’s Class A and Class B Common Stock. The dividend is payable on February 15, 2023, to stockholders of record at the close of business on February 1, 2023. The aggregate amount of the cash payment to be made in connection with this special dividend will be approximately $77 million. In addition, holders of restricted stock units that are unvested on the record date will be credited with a dividend equivalent based on the value of the per share dividend pursuant to the terms of the Company’s equity incentive documents. The dividend equivalent will entitle such holders to receive additional shares upon vesting of the corresponding restricted stock unit

GrandSouth Bancorp hikes dividend by 53.8%

Equity Bancshares hikes dividend by 25%

On September 20, 2022, The Equity Bancshares, Inc. (EQBK) Board of Directors declared a new quarterly dividend of 10 cents per share, up 25% from the previous dividend of $0.08 per share. This next dividend will be paid on October 14, 2022. The next ex-dividend date for EQBK is September 29, 2022. In 2021 Equity Bancshares initiated a dividend and this will be the first increase. The dividend yield for EQBK is 1.2% at a stock price of $33.19. Equity Bancshares, Inc. is the parent company of Equity Bank, offering a full range of financial solutions, including commercial loans, consumer banking, mortgage loans, and treasury management services. Equity has full-service locations in Kansas, Missouri, Arkansas and Oklahoma, including corporate offices in Wichita. The company initiated a quarterly dividend in 2021.

Camden National hikes dividend by 5%

On December 20, 2022, Camden National Corporation (CAC) declared a new quarterly dividend of $0.42 per share to be paid on January 31, 2023. This marks 10 straight years of dividend growth for the financial services provider. This quarterly payout results in an annualized dividend yield of 4.10% based on the December 19, 2022 closing price of the Company's common stock at $40.95 per share as reported by NASDAQ. The dividend is payable on January 31, 2023 to shareholders of record on January 13, 2023.  "We are pleased to announce a 5% increase in our dividend to shareholders," said Dufour. "Over the past ten years, we have increased our cash dividend from $0.67 to now $1.68 per common share on an annualized basis, a 151% increase. This highlights our ability to generate long-term sustainable earnings as well as our commitment to our shareholders." Camden National Corporation is the holding company of Camden National Bank, a diversified financial services provider

Cibus Nordic Real Estate from Europe pays monthly dividends

Image
Cibus Nordic Real Estate owns grocery properties in Scaninavia (image source: Cibus 2021 annual report) Swedish real estate company Cibus is the only listed stock in Europe that pays a monthly dividend to shareholders. The owner of real estate leased to grocery and discount store chains in Sweden, Finland and Denmark started paying a monthly dividend in 2020.

ServisFirst Bancshares hikes dividend by 21.7%

On December 19, 2022, Servisfirst Bancshares (SFBS) declared a dividend hike of 21.7% to $0.28 quarterly per share. The next dividend for ServisFirst Bancshares, Inc., the holding company for ServisFirst Bank, is payable on January 6, 2023 to stockholders of record as of January 3, 2023. ServisFirst has increased its dividend annually since the company went public in 2014. A new annual rate of $1.12 per share yields 1.7% at a stock price of $66.50. ServisFirst Bancshares, Inc. is a bank holding company based in Birmingham, Alabama. Through its subsidiary, ServisFirst Bank, ServisFirst Bancshares, Inc. provides business and personal financial services from locations in Birmingham, Huntsville, Mobile, Montgomery and Dothan, Alabama, Pensacola and Tampa Bay, Florida, Nashville, Tennessee, Atlanta, Georgia, and Charleston, South Carolina. ServisFirst has increased its dividend annually since the company went public in 2014.

Mosaic hikes dividend by 33.3%

On December 16, 2022, Mosaic Co (MOS) announced that it will raise its quarterly dividend by another 33.3 percent to $0.20 per share. This is the second dividend hike by MOS in 2022 for a total increase of 77.8%. This May the fertilizer company already hiked the dividend by 33.3% to $0.15 quarterly per share. The next MOS dividend will be paid on March 16, 2023, to stockholders of record as of the close of business on March 2, 2023. The new dividend yield is 1.8% at a stock price of $44.40. 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.  

ATN International hikes dividend by 23.5%

On December 19, 2022, ATN International (ATNI) declared a quarterly dividend of $0.21 per share, up from the previous quarterly dividend of $0.17 per share. This is the first dividend hike by ATNI since 2016 and follows a 50% dividend cut in 2017. The leading provider of digital infrastructure and communications services, announced today that its board of directors has declared a quarterly dividend of $0.21 per share, representing an increase of approximately 24%, or four cents, from the dividend paid in the previous quarter. The dividend is payable on January 6, 2023, on all common shares outstanding to stockholders of record as of December 31, 2022. ATN has provided dividends to investors every quarter since 1999. “In 2022, we remained focused on being the first to build and own modern, core digital infrastructure in the markets we serve, consistent with our ‘First-to-Fiber’ and Glass and Steel™ strategies,” commented Michael Prior, Chief Executive Officer of ATN. “As we continue wit

Heico hikes dividend by 11.1%

On December 19, 2022, HEICO Corporation (HEI) will raise its semi-annual dividend by 11.1 percent to 10 cents per share. This marks 16 consecutive years dividend increases by the defense company. The next HEI dividend is payable on January 23, 2023 to all shareholders of record on January 5, 2023. A new annual dividend rate of $0.20 per share will yield 0.12% at a stock price of $149.44. The next ex-dividend date for HEI will be January 4, 2023. Laurans A. Mendelson, HEICO's Chairman and Chief Executive Officer, along with Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Presidents, remarked, "HEICO's Board of Directors declared this increased dividend with a view toward HEICO's expected continued growth and confidence in the Company's very strong cash generation. We are also very proud that a supermajority of HEICO's Team Members will receive the dividend through their accounts in the Company's 401(k) plan." HEICO Corporation is engaged prima

Franklin Resources dividend growth keeps slowing with a 3.4% hike for 2023

Image
On December 13, 2022, Dividend Aristocrat Franklin Resources (trading symbol BEN) announced a 3.4% dividend hike to 30 cents per share. The investment management company has now increased its dividend 42 years in a row, but dividend growth is slowing with the smallest hike in many years.

CVS Health hikes dividend by 10%

On December 15, 2022, CVS Health Corporation (CVS) announced that it will raise its quarterly dividend by 10% to $0.605 per share next year. This matches the 2021 dividend hike by CVS and marks the 2nd consecutive year of dividend growth. The dividend is payable on February 1, 2023 , to holders of record on January 20 , 2023. The new annual dividend of $2.42 per share translates into an estimated yield of 2.5% at a stock price of $95.45. CVS Health Corporation, together with its subsidiaries, provides integrated pharmacy health care services. CVS Health segments include Pharmacy Services, Retail/LTC, Health Care Benefits and Corporate/Other. CVS Health, formerly known as CVS Caremark, has paid a dividend to shareholders every year since at least 1985. 

The Andersons hikes dividend by 2.8%

On December 16, 2022, The Andersons Inc. (ANDE) declared a quarterly dividend of $0.185 per share. This marks the 25th consecutive year of annual dividend increases by the agricultural and retail company. The dividend yield for ANDE is 2.2% at a stock price of $33.98. The next ANDE dividend will be payable on January 20, 2023, to shareholders of record as of January 3, 2023. This three percent increase from the company's fourth quarter 2022 cash dividend of 18 cents($0.18) per share reflects continuing strong operating performance. This is The Andersons 105th consecutive quarterly cash dividend since listing on the Nasdaq in February 1996. The Andersons is a diversified company rooted in agriculture conducting business across North America in the grain, ethanol, plant nutrient and rail sectors. The company also has a consumer retailing presence. The company was founded in 1947 in Maumee, Ohio and has paid a quarterly cash dividend since listing on the Nasdaq on February 20, 1996.

Dimeco hikes dividend by 5.6%

Norwood Financial hikes dividend by 3.6%

Ensign Group hikes dividend by 4.5%

Alico cuts dividend by 90%

On December 15, 2022, Alico, Inc. (ALCO) announced a 90% dividend cut to $0.05 quarterly per share. This follows massive dividend hikes by the citrus producer in the previous three years. On October 14, 2022, the Company paid a fourth quarter cash dividend of $0.50 per share on its outstanding common stock to stockholders of record as of September 30, 2022. Additionally, the Company has declared a first quarter fiscal year 2023 cash dividend of $0.05 per share on its outstanding common stock to stockholders of record as of December 30, 2022. “Alico has paid common dividends to shareholders consistently since it became publicly held more than 6 decades ago. The rate of increased dividend payments since 2019 has been a source of pride as ranch sales proceeds and operations enabled significant amounts of capital to be returned to shareholders. However, taking into account the impact of the recent storm, Alico’s Board of Directors unanimously voted to reduce its next quarterly common divid

Preferred Bank hikes dividend by 27.9%

On December 15, 2022, Preferred Bank (PFBC) announced a new quarterly dividend of $0.55 per share. This follows a dividend hike of 43.3% in 2021. The next dividend will be paid on January 20, 2023. The ex-dividend date is January 5 and PFBC now yields 3.1% at a stock price of $71. 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 Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers.  The Bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Although

Washington Trust Bancorp hikes dividend by 3.7%

On December 15, 2022, Washington Trust Bancorp (WASH) will raise its quarterly dividend by 3.7% to $0.56 per share. This marks 12 straight years of dividend growth for WASH. The dividend yield is 4.8% at a stock price of $47.15 and the ex-dividend date is December 30, 2022. Washington Trust Bancorp, Inc. is the publicly-owned holding company of The Washington Trust Company. Founded in 1800, Washington Trust is the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking, and wealth management and trust services, through its offices located in Rhode Island, Connecticut and Massachusetts.

Urstadt Biddle Properties hikes dividend by 5.3%

On December 15, 2022, Urstadt Biddle Properties Inc. (UBA) announced that it will raise its quarterly dividend by 5.3% to $0.25 per share. The dividend represents the 212th consecutive quarterly dividend on common shares declared since the Company began operating in 1969 and will be paid on January 13, 2023 to shareholders of record on January 6, 2023. The dividend yield is 5.4% at a stock price of $18.43. Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in primarily neighborhood and community shopping centers in the metropolitan tri-state area outside of the City of New York. The company's primary business is the ownership, management, and redevelopment of retail properties. Listed on the New York Stock Exchange since 1970, UBA provides investors with a means of participating in ownership of income-producing properties.

Host Hotels & Resorts pays special dividend

Centerpoint Energy hikes dividend by 5.6%

Nucor raises dividend for 50th consecutive year in 2022

Image
On December 14, 2022, Dividend Aristocrat Nucor (trading symbol NUE) declared a $0.51 per share quarterly dividend, up 2% from the previous dividend of $0.50 per share. This marks exactly 50 consecutive years of dividend growth for the steel company.

Lamb Weston hikes dividend by 14.3%

 Potato products supplier Lamb Weston Holdings Inc. (LW) will raise its quarterly dividend by another 14.3 percent to $0.28 quarterly per share. The dividend yield for LW is 1.25% at a stock price of $90. Lamb Weston is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers worldwide. The company is the number one supplier of value-added frozen potato products in North America and a leading supplier of value-added frozen potato products internationally with French fries representing the majority the product portfolio. Lamb Weston has four reportable segments: Global, Foodservice, Retail, and Other. Lamb Weston became an independent publicly traded company in 2016 when the company was separated from Conagra Brands.

Nucor hikes dividend by 2%

FMC Corporation hikes dividend by 9.4%

On December 14, 2022, FMC Corporation (FMC) declared a 9.4% dividend hike from $0.53 to $0.58 quarterly per share. This marks 5 consecutive years of dividend growth by the agricultural chemicals company.  The next FMC dividend is payable on January 19, 2023, to shareholders of record as of the close of business on December 30, 2022. This is the 5th consecutive year FMC has increased its dividend. The new dividend yield is 1.8% at a stock price of $127. FMC Corporation is an agricultural sciences company. FMC provides solutions to growers around the world with a portfolio of proprietary crop protection products and a robust pipeline fueled by innovative discovery and development capabilities in crop protection, plant health and professional pest and turf maintenance solutions. The company's insect control products include Rynaxypyr and Cyazypyr branded active ingredients; Authority, Boral, Centium, Command and Gamit branded herbicides; Talstar and Hero branded insecticides; and flut

MFA Financial cuts dividend by 20.5%

MFA Financial, Inc. (MFA) announced today that its Board of Directors has declared a regular cash dividend for the fourth quarter of 2022 of $0.35 per share of common stock.  The dividend will be paid on January 31, 2023, to common stockholders of record on December 30, 2022. Earlier in 2022 MFA had announced a big dividend hike from $0.11 to $0.44 quarterly per share. MFA Financial, Inc. is a leading specialty finance company that invests in and finances residential mortgage assets.  MFA invests, on a leveraged basis, in residential whole loans, residential mortgage-backed securities and other real estate assets.  Through its subsidiaries, MFA also originates and services business purpose loans for real estate investors.  MFA is an internally-managed, publicly-traded real estate investment trust.

Quanta Services hikes dividend by 14.3%

Quanta Services, Inc. (PWR) announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.08 per share, or a rate of $0.32 per share on an annualized basis, which represents an approximately 14% increase from Quanta's last quarterly cash dividend paid in October 2022. The dividend is payable on January 13, 2023, to stockholders of record as of January 3, 2023. The dividend yield is 0.2% at a stock price of $144. Quanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, renewable energy, communications, pipeline and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy and communications infrastructure. Quanta has been paying a dividend since 2018.

Realty Income hikes dividend by 0.2%

 On December 14, 2022,  Realty Income Corporation (O) announced another 0.2% dividend increase to $0.2485 monthly per share. The dividend is payable on January 13, 2023, to stockholders of record as of January 3, 2023. This is the 118th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for January's dividend is December 30, 2022. The new monthly dividend represents an annualized dividend amount of $2.982 per share as compared to the prior annualized dividend amount of $2.976 per share. "Realty Income is committed to paying stockholders a monthly dividend that increases over time. I'm pleased that our Board of Directors has determined to increase the amount of the dividend this month," said Sumit Roy, President and Chief Executive Officer of Realty Income. "Today's dividend declaration represents the 630th consecutive monthly dividend throughout our 53-year operating history." Realty Income Corporation is a real

PHX Minerals hikes dividend by 12.5%

 PHX Minerals (PHX), formerly Panhandle Oil and Gas, will hike its quarterly dividend by 12.5% to $0.0225 quarterly per share. This is the second dividend hike by PHX in 2022 for a total increase of 50%. This post will be updated later.

Pentair announces 4.8% dividend increase for 2023

Image
On December 12, 2022, Dividend Aristocrat Pentair (trading symbol PNR) declared a new quarterly dividend of $0.22 per share. The year 2023 will mark the 47th consecutive year that Pentair has increased its dividend.

Ecolab declares 2022 dividend increase (+3.9%)

Image
On December 8, 2022,  water, hygiene and infection prevention solutions and services provider Ecolab (trading symbol ECL) declared a 3.9% dividend hike to $0.53 quarterly per share. This marks 37 consecutive years of dividend growth for the  Dividend Aristocrat.   Ecolab has paid cash dividends on its common stock for 86 consecutive years.

Douglas Emmett cuts dividend by 32.1%

On December 9, 2022, Douglas Emmett (DEI) announced a 32.1% dividend cut to $0.19 quarterly per share. The lower dividend will be paid on January 18, 2023 to shareholders of record as of December 30, 2022. This represents a reduction from the Company’s previous quarterly dividend of $0.28 per common share, which was paid on October 18, 2022. The new dividend rate will provide the Company with more than $74.0 million per year in additional liquidity. This further reinforces Douglas Emmett’s already strong financial position and enhances the Company’s ability to take advantage of compelling opportunities as they arise. Douglas Emmett, Inc. (DEI) is real estate investment trust (REIT). The company is one of the largest owners and operators of office and multifamily properties located in the coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods tha

American Vanguard hikes dividend by 20%

American Vanguard Corporation (AVD) announced that its Board of Directors has declared a cash dividend in the amount of $0.03 per share of the company’s common stock to shareholders of record as of December 28, 2022, for distribution on January 11, 2023. Chairman and CEO Eric W. Wintemute commented, “In light of our strong financial performance during 2022 and a promising outlook for 2023, we are pleased to increase our quarterly cash dividend by 20%, to $0.03 per share. This dividend payment continues our history of providing cash returns to shareholders based on successful operational and financial performance. The quarterly dividend reflects the confidence that the Board of Directors has in our core business, our overall financial strength, and the substantial prospects of our strategic growth initiatives. We appreciate the continuing support of our shareholders, as we develop and deliver important solutions that enhance agricultural productivity, safeguard public health, and facili

Eli Lilly hikes dividend by 15.3%

On December 12, 2022, Eli Lilly and Company (LLY) announced a new quarterly dividend of $1.13 per share, up 15.3% from the previous quarterly dividend of $0.98 per share. The pharmaceutical company has now raised its dividend for 9 consecutive years with similar 15% dividend hikes in the previous couple of years. The next LLY dividend is payable on March 10, 2023 to shareholders of record at the close of business on Feb. 15, 2023. The new annual indicated rate to $4.52 per share, yields 1.2% at a stock price of $367. 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 p

Pfizer hikes dividend by 2.5%

On December 9, 2022, global biopharmaceutical company Pfizer (PFE) announced that it will raise its quarterly dividend by 2.5 percent to 41 cents per share quarterly. This marks the 12th consecutive year of dividend increases by PFE. The next PFE dividend is payable March 3, 2023 to holders of the Common Stock of record at the close of business on January 27, 2023. A new annual dividend rate of $1.64 per share yields 3.1% at a stock price of $52.16. The first-quarter 2023 cash dividend will be the 337th consecutive quarterly dividend paid by Pfizer. “Our ability to increase our dividend is a testament to our solid financial performance during 2022,” said Dr. Albert Bourla, Pfizer Chairman and Chief Executive Officer. “This increase reinforces Pfizer’s commitment of returning value to our shareholders.” Pfizer Inc. is a biopharmaceutical company with a global portfolio that includes medicines, vaccines and consumer healthcare products. The company runs its commercial operations through

Axis Capital hikes dividend by 2.3%

Braemar Hotels & Resorts hikes dividend by 400%

The Buckle pays special dividend

The Buckle, Inc. (NYSE: BKE) announced that at its quarterly meeting of the Board of Directors, held on December 5, 2022, the Board authorized a $2.65 per share special cash dividend to be paid to shareholders of record at the close of business on January 13, 2023. The Board also authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on January 13, 2023. Both the $2.65 per share special cash dividend and the $0.35 per share quarterly dividend ($3.00 per share in total) are payable on January 27, 2023 and will be paid together.

Paccar hikes dividend by 35.1% and pays special dividend

PACCAR Inc’s Board of Directors today declared an extra cash dividend of two dollars and eighty cents ($2.80) per share, payable on January 5, 2023, to stockholders of record at the close of business on December 16, 2022. Paccar also announced a split adjusted dividend hike of 25.1%, marking the second increase announced in 2022.  Mark Pigott, executive chairman, shared, “PACCAR has generated excellent shareholder returns and annual net income due to its industry-leading premium quality vehicles, strong growth of its aftermarket parts and financial services, and innovative use of technology to enhance customers’ operational performance.” The Board of Directors also declared an increase to PACCAR’s regular quarterly cash dividend to twenty-five cents ($.25) on each newly-split share, payable on March 8, 2023 to stockholders of record at the close of business on February 14, 2023. PACCAR has increased its regular quarterly cash dividend 50% over the last five years. Preston Feight, chie

Mastercard hikes dividend by 16.3%

On December 6, 2022, Mastercard Inc. (MA) announced that it will raise its quarterly dividend by 16.3 percent to 57 cents per share. This marks 10 consecutive years of dividend growth for MA and follows a dividend hike of 11.4% in 2021. The cash dividend will be paid on February 9, 2023 to holders of record of its Class A common stock and Class B common stock as of January 9, 2023. The dividend yield for MA is 0.7% at a stock price of $347. The Board of Directors also approved a new share repurchase program, authorizing the company to repurchase up to $9 billion of its Class A common stock. The new share repurchase program will become effective at the completion of the company’s previously announced $8 billion program (November 2021). As of December 1, 2022, the company had approximately $4.1 billion remaining under the current approved share repurchase program. Mastercard is a technology company in the global payments industry that connects consumers, financial institutions, merchants

Stryker hikes dividend by 7.9%

Stryker (SYK) announced that its Board of Directors has declared a quarterly dividend of $0.75 per share payable January 31, 2023 to shareholders of record at the close of business on December 30, 2022, representing an increase of  7.9% versus the prior year and previous quarter.   “We remain confident in our growth outlook, despite the challenging macroeconomic environment”, said Kevin Lobo, Chair & CEO.  “Consequently, we are proceeding with a steady increase in our dividend to $0.75 per share, reflecting 7.9% growth”. Stryker Corporation is a medical technology company. The company offers products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine. Stryker's products include  implants used in hip and knee joint replacements and trauma and extremities surgeries,  surgical equipment and navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment and intensive care disposable products and neurosurgical,

PennyMac Mortgage Investment cuts dividend by 14.9%

PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees declared a cash dividend of $0.40 per common share of beneficial interest for the fourth quarter of 2022. This dividend will be paid on January 27, 2023, to common shareholders of record as of December 30, 2022. “PMT’s objective is to distribute its income through quarterly dividends that reflect the earnings per share we expect from our current investment strategies,” said Chairman and CEO David Spector. “While the dividend was reduced as a result of current projections for PMT’s earnings and taxable income, we believe a quarterly dividend of $0.40 per common share remains an attractive component of PMT’s total return potential. Additionally, we remain confident in our ability to continue successfully managing investments across a diverse set of mortgage-related strategies to drive increased shareholder value over the longer-term.”

Diamondrock Hospitality pays special dividend

 DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per common share, which is comprised of its recurring quarterly dividend of $0.03 per common share and a special dividend of $0.03 per common share. The dividend is payable on January 12, 2023 to shareholders of record as of December 30, 2022 .

ABM Industries raises dividend for 56th consecutive year in 2022

Image
On December 5, 2022, integrated facility services provider ABM Industries (trading symbol ABM) declared a 12.8% dividend hike to $0.22 quarterly per share. This is the biggest dividend increase announced by ABM in more than a decade and marks 56 consecutive years of dividend growth.

McRae Industries pays special dividend

On December 1, 2022, McRae Industries Inc. (MCRAA) declared a $0.50 per share special dividend. McRae Industries, Inc. (Pink Sheets: MCRAA and MCRAB) declared a dividend of $.64 (which includes a special dividend of $.50 per share) per share on the Company's Class A and Class B Common Stock payable on January 3, 2023 to shareholders of record on December 14, 2022. Earlier in 2022 the company had already announced a dividend hike of 7.7%.  McRae Industries, Inc. is a manufacturer and distributor of children's shoes. The boots are focused on the western/lifestyle and work markets and principal lines of business are manufacturing and selling military combat boots and importing and selling western and work boots. McRae western/lifestyle boot segment includes western, ladies’ fashion, and children’s footwear products under the Dan Post, Dingo, Eldorado, and Laredo brand. Its work boot brands include Dan Post, Laredo, and McRae Industrial brand work boots along with its military comb

SL Green Realty cuts dividend by 12.9%

SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, announced today that its board of directors has reduced the annual ordinary dividend on SL Green’s common stock and units of its operating partnership by 12.9%, to $3.25 per share. The ordinary dividend will continue to be paid in cash on a monthly basis. The first monthly ordinary dividend of $0.2708 per share is payable on January 17, 2023, to stockholders of record at the close of business on December 30, 2022 (the “Record Date”). “We endeavor to provide our shareholders with a meaningful, sustainable ordinary dividend that has a correlation to operating cash flow while furthering our initiative to maintain substantial liquidity and repay debt amid the backdrop of a rising rate environment. We have reduced the dividend to match our current projection of Funds Available for Distribution (“FAD”) for 2023, which allows us to strike this balance as we continue to provide a yield on our common stock of approximately

ABM Industries hikes dividend by 12.8%

 ABM (NYSE: ABM), a leading provider of integrated facility services and solutions, today announced that its Board of Directors has approved a quarterly cash dividend of $0.22 per common share, which is a 12.8% increase from the prior quarterly cash dividend of $0.195 per common share, payable on February 6, 2023, to shareholders of record on January 5, 2023. This will be the Company’s 227th consecutive quarterly cash dividend.   Sudhakar Kesavan, Chairman of the Board of Directors of ABM, commented, “This dividend increase reflects ABM’s growth and the Board’s confidence in the company’s ability to continue to deliver solid results and cash flows. The increase also represents a jumpstart of ABM’s plan to grow its dividend payout ratio to a range of 30% to 35% of adjusted net income over the long term.” “I am pleased the Board of Directors has approved our dividend increase,” said Scott Salmirs, ABM’s President & Chief Executive Officer. “The dividend is an important component of o

SEI Investments hikes dividend by 7.5%

On December 5, 2022, SEI Investments (SEIC) declared a quarterly dividend of $0.43 per share, up from $0.40 per share previously. This marks the 32nd consective year of dividend increases by the investment management company. The next SEIC cash dividend will be payable to shareholders of record on Dec. 19, 2022, with a payment date of January 5, 2023. The new dividend yield for SEIC is 1.4% at a stock price of $62. SEI Investments Company provides investment processing, investment management and investment operations solutions. The company’s clients include corporations, financial institutions, financial advisors, and ultra-high-net-worth families. The company's business platforms include: Investment processing outsourcing platforms for providers of institutional and private-client wealth management services, including banks, trust companies, independent wealth advisers and other financial services firms; Investment management platforms for institutional investors, including retire

Balchem hikes dividend by 10.9%

On December 6, 2022, Balchem Corporation (BCPC) announced that it will raise its annual dividend by 10.9 percent to 71 cents per share. This marks the 13th consecutive year of annual dividend increases. The new dividend yield for BCPC is 0.55% at a stock price of $133. The dividend will payable on January 20, 2023 to stockholders of record at the close of business on December 27, 2022.  Ted Harris, Balchem’s Chairman, President, and CEO, said, “Balchem has a long-standing commitment to an annual dividend and we are pleased to announce the continuation of that commitment. This dividend represents the fourteenth consecutive increase in our annual dividend, reflecting both the consistently outstanding financial performance the company has delivered and the Board’s continued confidence in our long-term strategies.” Balchem Corporation reports four business segments: Human Nutrition & Health; Animal Nutrition & Health; Specialty Products; and Industrial Products. The Human Nutrition

Hooker Furnishings hikes dividend by 10%

Hooker Furnishings Corporation (Nasdaq-GS: HOFT) announced that on December 5, 2022, its board of directors declared a quarterly cash dividend of $0.22 per share, payable on December 30, 2022 to shareholders of record at December 16, 2022. This represents a 10% increase over the previous quarterly dividend and the seventh consecutive annual dividend increase.

Morningstar hikes dividend by 4.2%

The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today declared a quarterly dividend of 37.5 cents per share, an increase of 4.2 percent. The dividend is payable Jan. 31, 2023, to shareholders of record as of Jan. 6, 2023. The 1.5 cent increase from the prior quarterly rate of 36 cents per share results in an annualized dividend of $1.50 per share compared with the prior annualized rate of $1.44 per share.

Indus Realty Trust hikes dividend by 12.5%

On December 29, 2022, INDUS Realty Trust, Inc. (INDT), a U.S.-based industrial/logistics REIT, declared a new 12.5% dividend hike to 18 cents per share quarterly. The dividend yield for INDT is 1.1% at a stock price of $63.58. INDUS is a real estate business principally engaged in developing, acquiring, managing and leasing industrial/logistics properties. The Trust is an acquiror, developer and asset manager of industrial/logistics real estate in the United States. It also owns a limited number of office/flex properties. The Trust owns buildings including industrial/logistics buildings in Connecticut, Pennsylvania, North Carolina and Florida. In addition, it also has undeveloped land. INDUS owns 35 industrial/logistics buildings aggregating approximately 5.2 million square feet in addition to several office/flex properties and undeveloped land.

Hanover Insurance hikes dividend by 8%

The Hanover Insurance Group, Inc. (NYSE: THG) announced today its board of directors has approved an increase in the company's quarterly dividend to $0.81 per share on the issued and outstanding common stock of the company, payable December 30, 2022, to shareholders of record at the close of business on December 15, 2022. "We are pleased to announce an 8% increase in our quarterly dividend," said John C. Roche, president and chief executive officer at The Hanover. "In this particularly dynamic industry and economic environment, our ability to continue delivering a robust increase in our quarterly dividend underscores the effectiveness of our differentiated strategy and reaffirms our board's confidence in the long-term earnings potential of our business. Our commitment to maximizing value for our shareholders remains at the forefront of our capital management priorities."  

Alexandria Real Estate Equities hikes dividend by 2.5%

On December 5, 2022,real estate investment trust Alexandria Real Estate Equities (ARE) declared its second dividend hike in 2022 with a new 2.5% increase to $1.21 quarterly per share. This marks 13 consecutive years of dividend growth for ARE. The new dividend yield is 3.2% at a stock price of $151. Alexandria Real Estate Equities, Inc. is an urban office real estate investment trust (REIT) focused on collaborative life science and technology campuses in AAA innovation cluster locations. Its locations include Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland and Research Triangle. Alexandria Real Estate Equities was founded in 1994 and has paid a dividend every year since 1997.

AES hikes dividend by 5%

First United hikes dividend by 20%

First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.18 per share that will be payable on February 1, 2023, to holders of record of the Corporation's common stock as of January 13, 2023.

Raymond James Financial hikes dividend by 23.5%

On December 1, 2022, the Raymond James Financial, Inc. (NYSE: RJF) Board of Directors declared a quarterly cash dividend on shares of its common stock of $0.42 per share, payable January 17, 2023 to shareholders of record on January 3, 2023. This is a 24% increase over the previous dividend of $0.34 per share paid on October 17, 2022. The Board declared a quarterly dividend of $0.421875 per depositary share of 6.75% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock (NYSE:  RJF PrA) and $0.3984375 per depositary share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (NYSE:  RJF PrB), in each case payable January 3, 2023, to shareholders of record on December 15, 2022.  The Board also authorized repurchase of the company’s shares of common stock in an aggregate amount of up to $1.5 billion. The $1.5 billion authorization replaces the previous repurchase authorization of $1 billion announced on December 2, 2021, under which approxim

Eastman Chemical hikes dividend by 3.9%

On December 1, 2022, Eastman Chemical (EMN) announced that it will raise its quarterly dividend by 3.9 percent to 79 cents. This follows a 10.1 percent hike announced by EMN in 2021. This also marks the 13th consecutive year of dividend increases by the materials and specialty additives company. The next EMN dividend is payable January 6, 2023, to stockholders of record as of December 15, 2022. The new annual dividend rate of $3.16 per share yields 3.5% to EMN shareholders at a stock price of $86.42. “With this increase, Eastman has raised the dividend for 13 consecutive years, demonstrating the Board’s confidence in our ability to generate strong earnings and cash flows,” said Willie McLain, senior vice president and chief financial officer. “This action also reflects Eastman’s commitment to returning cash to our stockholders and to maintaining a strong financial position as we execute our innovation-driven growth strategy.”A new annualized dividend rate of $2.76 per share yields 2.7%