Dividend Track Records

Dividend Aristocrat   Stanley Black & Decker (SWK) will hike its dividend by 1.3% to 81 cents quarterly per share. This marks 56 consecutive years of dividend growth for the tools maker.

On July 11, 2023, Marsh & McLennan Companies (MMC) announced a big 20.3% dividend hike to $0.71 quarterly per share. This dividend is payable on August 15, 2023, to stockholders of record on July 27, 2023. The new yield for MMC is 1.5% at a stock price of $184.91 and the insurance company has now raised its dividend 14 consecutive years. Marsh & McLennan Companies, Inc. is a professional services firm offering clients advice and solutions in risk, strategy and people.  Its businesses include: Marsh, the insurance broker, intermediary and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and investment related advice and services; and Oliver Wyman Group, the management, economic and brand consultancy. The company conducts business through two segments: Risk and Insurance Services and Consulting. Marsh was originally founded in 1871.

In 2022 Headwaters announced a cooperation with AI giant Nvidia One of the best performing stocks worldwide in 2023 is Headwaters Co from Japan with a gain of 670% in 2023 as of July 10. Headwaters provides artificial intelligence (AI) solutions and is benefiting from the explosive growth for the sector and the hunt for AI-stocks by investors. However the valuation looks very high, certainly when the current 30%+ revenue growth drops to lower levels.

For the second time this year Enterprise Products Partners (EPD)  announced a small dividend hike with a 2.0% increase to $0.50 quarterly per share. This brings the total dividend increase to 5.3% YTD with EPD hiking the dividend by a total of 5.6% in 2022. The MLP Has now raised its dividend for 25 consecutive years and has reached dividend aristocrat status in 2023.

Enterprise Products Partners just announced the second dividend hike for 2023 with a 2.0% increase to $0.50 quarterly per share. This brings the total dividend increase to 5.3% YTD with EPD hiking the dividend by a total of 5.6% in 2022. The MLP Has now raised its dividend for 25 consecutive years. Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the second quarter of 2023 of $0.50 per unit, or $2.00 per unit on an annualized basis. This quarterly distribution will be paid August 14, 2023, to common unitholders of record as of the close of business July 31, 2023. This distribution represents a 5.3 percent increase over the distribution declared with regard to the second quarter of 2022 and a 2.0 percent increase over the distribution declared for the first quarter of 2023. This year marks the partnership’s 25th

Is 3M the next Aristocrat to announce a dividend cut? After the stunning dividend cut by Dividend Aristocrat VF Corp (VFC) many investors are speculating about the next company with a great track record to announced a dividend cut. A recent Twitter poll shows that 3M  (MMM) is more likely than Walgreens Boots Alliance (WBA) to cut its dividend.

On July 7, 2023, Lindsay Corporation ( LNN), the leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced a new quarterly dividend of $0.35 per share. This marks the 21st consecutive year of dividend growth for LNN. The new dividend yield is 1.17% at a stock price of $119.98. Lindsay Corporation manufactures and markets irrigation and infrastructure equipment and technology. The company's irrigation producs are primarily used in agricultural markets which increase or stabilize crop production while conserving water, energy, and labor. The company also manufactures and markets infrastructure and road safety products. Lindsay's brands include Zimmatic, FieldNET, Barrier Systems, Road Zipper and Snoline. Lindsay was established in 1955 and has paid a dividend every year since 1996. 

Bank of America, Goldman Sachs, Morgan Stanley, Wells Fargo and J.P. Morgan all announced their intention to hike the dividend later in 2023 after the latest stess test results by the Federal Reserve (FED).

On July 3, 2023, PNC Financial Services Group (PNC) announced a 3.3% dividend hike to $1.55 quarterly per share. This marks the 13th consecutive year of higher dividends by the financial services company based on calendar years. A new annual dividend rate of $6.20 per share yields 4.9% at a stock price of $127.   The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.55 per share, an increase of $0.05 cents per share, or 3%, from the second quarter dividend of $1.50 per share. The dividend, with a payment date of Aug. 5, 2023, will be payable the next business day to shareholders of record at the close of business July 17, 2023. "The increase in our dividend reflects the continued strength of our capital and liquidity levels, and our board's confidence in our strategy and outlook," said William S. Demchak, PNC chairman, president and chief executive officer. The PNC Financial Services Group

On July 3, 2022, Bank OZK (OZK) announced the third dividend hike for 2023 with a 2.9% increase of the quarterly payment to $0.36 per share. This brings the total dividend hike in 2023 to 9.1% for OZK. The dividend yield is 3.6% at a stock price of $40.40. The common stock dividend is payable on July 21, 2023 to shareholders of record as of July 14, 2023. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-two quarters. Bank OZK, formerly Bank of the Ozarks, Inc. is a bank holding company. The Company owns a state-chartered subsidiary bank that conducts banking operations in Arkansas, Georgia, North Carolina, Texas, Florida, Alabama, South Carolina, New York and California. The company's deposit services, including checking, savings, money market, time deposit and individual retirement accounts and loan services, including real estate, consumer, commercial, industrial and agricultural loans and leasing services. OZK also provides service

Some interesting stuff going on with pharmaceutical giant Eli Lilly this week surpassing Dividend Aristocrat Johnson & Johnson (JNJ) as the biggest player in the sector based on market cap.  Eli Lilly (ticker LLY) is now worth $445 billion versus $430 billion for JNJ. Even more interesting is the dividend of these two giants, with Eli Lilly 's dividend growing much faster in the last five years.

On June 22, 2023. Darden's Board of Directors declared a quarterly cash dividend of $1.31 per share, a 8.3% increase from the previous quarterly dividend. The new annual dividend rate of $5.24 per share yields 3.1% at a stock price of $167 for Darden. Darden Restaurants, Inc. is a full-service restaurant company with operations in the United States and Canada. Its brands include Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V's.  Darden Restaurants is a Florida corporation incorporated in March 1995. The company initiated a dividend in 1995 and temporarily suspended its payment in 2020 because of COVID-19. In the fourth quarter of 2020 the dividend was reinstated.