Dividend Track Records

Dividend Aristocrat Archer-Daniels-Midland Co (ADM) will increase its dividend by 11.1% in 2024, marking 49 consecutive years of dividend growth. This comes right after the stock price of the human and animal nutrition company dropped more than 20% in the wake of an accounting investigation.

Park National is known for its 1% annual dividend hikes Park National Corp (ticker symbol PRK) keeps impressing dividendwise, not because of its big increases, but for its regular annual dividend hikes of exactly 1% every year. We don't know any other company with such a track record.

On January 19, 2024, oil services company Schlumberger (SLB) announced that it will hike its dividend by 10 percent to 27.5 cents quarterly per share. 

After a record year 2023 for dividend investors the new year 2024 has started strong with the first dividend hikes announced in January, including two companies with now 26 consecutive years of dividend growth, Bank OZK and Enterprise Products Partners. Also there was a massive dividend cut by Dividend Aristocrat Walgreens Boots Alliance.

Apogee Enterprises (APOG) will raise its quarterly dividend by 4.2% to 25 cents per share. This marks 11 consecutive years of increased dividends for the company. The next dividend will be paid on February 14, 2024.

On January 11, 2023, STAG Industrial (STAG) declared a new monthly dividend of  $0.1242 per share. This 0.7% dividend hike matches the increases of the previous years. 

TD Synnex (SNX)  will increase the quarterly dividend by 14.3% to $0.40 quarterly per share in 2024. This marks 3 consecutive years of increased dividends by SNX.

Lakeland Financial (LKFN) will hike its quarterly dividend by 4.3% to 48 cents quarterly per share. 

The year 2023 ended with a bang, also for most dividend paying stocks. We look at the biggest dividend hikes last year, including the Dividend Aristocrats.