Payments technology company Visa Inc. (V) will hike its dividend by 13.5% to $0.59 quarterly per share in 2024. This is the fourth consecutive year with a double digit dividend hike and marks 16 consecutive years of increases for V.
UMB Financial Corporation (UMBF) will raise its quarterly dividend by 2.6% to 40 cents quarterly per share in Q4 of 2024. This will mark 33 straight years of increased dividends by the financial holding company.
D.R. Horton (DHI) keeps impressing with massive dividend hikes. The homebuilder just said that it will raise its quarterly dividend by 33.3 percent to 40 cents per share. This marks the 10th consecutive year with a double digit dividend hike by DHI. The average dividend growth in the last decade is an impressive 20.6% annually.
Hess Midstream LP (HESM) announced its fourth dividend hike for 2024 raising the quarterly dividend from $0.6677 to $0.6846 per share. This dividend yield for HESM is 7.6% and this marks the 7th consecutive year of increased dividends by the oil and gas midstream company.
MSC Industrial Direct (MSM) hikes the quarterly dividend by 2.4% to 85 cents per share in 2024. This marks the 3rd consecutive year of increases by MSM.
Lockheed Martin (LMT) will hike its dividend by 4.8% to $3.30 quarterly per share in 2024. This marks 22 consecutive years of increases for LMT. Last year Lockheed hiked the dividend by 5.0%.
Thor Industries (THO) will hike its dividend by 4.2% to 50 cents quarterly per share in 2024. This marks 15 consecutive years of increases by the RV-maker. Last year Thor hiked its dividend by 6.7% to 48 cents quarterly.
Bank OZK (OZK) will hike its quarterly dividend by 2.5% to 41 cents per share in October 2024. This is the fourth hike in 2025 by the bank and marks 26 straight years of dividend growth.