Dividend Track Records (DTR)

On June 29, 2023, Greenbrier Cos (GBX) announced a dividend hike of 11.1% to $0.30 quarterly per share. This is the first dividend hike by the rail company since 2020. A new annualized dividend rate of $1.20 per share yields 2.78% at a stock price of $43.10. The next GBX dividend is payable on August 8, 2023 to shareholders of record as of July 18, 2023. Greenbrier Companies Inc, headquartered in Lake Oswego, Oregon, is a supplier of equipment and services to global freight transportation markets. Greenbrier designs, builds and markets freight railcars and marine barges in North America. Greenbrier Europe is an end-to-end freight railcar manufacturing, engineering and repair business with operations in Poland, Romania and Turkey that serves customers across Europe and in the nations of the Gulf Cooperation Council. Greenbrier builds freight railcars and rail castings in Brazil through two separate strategic partnerships. The company is a provider of freight railcar wheel services, part...

On June 22, 2023, Kroger Co (ticker symbol KR) announced a new quarterly dividend of $0.29 per share, up 11.5% from the previous quarterly dividend. The new annualized dividend rate of $1.16 per share translates into a 2.5% dividend yield at a stock price of $47.00 for Kroger. Kroger has raised its dividend 17 consecutive years if this new 2023 dividend hike is included. The Kroger Co. operates supermarkets and multi-department stores throughout the United States. Kroger operates supermarkets under a variety of local banner names, including pharmacies, fuel centers and jewelry stores. The company's brands include Baker's, City Market, Dillons, Food 4 Less, Foods Co, Fred Meyer, Fry's, Gerbes, Harris Teeter, King Soopers, Jay C Food Store, Kroger, Owens Market, Pay-Less Super Markets, QFC, Ralphs and Smith's Food and Drug. The Kroger Co. was founded in 1883 and incorporated in 1902. 

Medical equipment maker Atrion Corporation (ATRI) on August 22, 2022 announced that it will raise its quarterly dividend by 10.3% to $2.15 per share. This comes after a 11.4 percent hike by ATRI to $1.95 per share in 2021. The Allen (Texas) based medical products manufacturer has now announced a dividend hike for 19 consecutive years. In a press release we read that Atrion Corporation today announced an increase in its quarterly cash dividend from $1.95 per share to $2.15 per share. Specifically, the Board of Directors declared a quarterly cash dividend of $2.15 per share on its outstanding shares of Common Stock. This dividend will be payable on September 30, 2022 to stockholders of record at the close of business on September 15, 2022. A new annualized dividend rate of $8.60 per share yields 1.4% at a stock price of $623. Atrion currently pays an estimated $15 million total in dividends annually to shareholders. Atrion Corporation is a manufacturer of medical devices and components. ...

American Express (AXP) plans to increase the regular quarterly dividend on its common shares outstanding by approximately 20 percent, from 43 cents to 52 cents per share beginning with the first quarter 2022, subject to approval by the company’s board of directors. This is the first dividend hike by AXP since 2019.

Shutterstock (SSTK) will raise its quarterly dividend by 14.3 percent to $0.24 per share in 2022. This follows a 23.5 percent dividend hike last year by the global creative platform offering full-service solutions, high-quality content, and applications for brands, businesses and media companies. The next SSTK dividend is payable on March 17, 2022, to stockholders of record at the close of business on March 3, 2022. A new annual dividend rate of 96 cents per share yields 1% at a stock price of $94.44. Commenting on the announcement, Stan Pavlovsky, the Company's Chief Executive Officer, said, "The Board's decision to increase the quarterly dividend shows the confidence we have in the trajectory of our business, and I am pleased that we are able to continue fulfilling our commitment to return value to stockholders." Shutterstock, Inc. is a global creative platform offering full-service solutions, high-quality content, and applications for brands, businesses, and media ...

Royalty Pharma PLC (RPRX) has announced its second dividend hike since the pharmaceutical company became publicly listed in 2020 this year as one of the biggest initial public offerings in the United States. The company initiated a $0.15 per share quarterly dividend in 2020. Royalty Pharma will raise its dividend by 11.8 percent to $0.19 quarterly. This marks the second consecutive year with a double digit dividend hike by RPRX since the largest buyer of biopharmaceutical royalties initiated a 15 cent quarterly dividend in 2020. The dividend yield is 1.98%. Royalty Pharma will pay an estimated annual dividend of $461 million to its shareholders if we include this latest dividend hike. The next RPRX dividend will be paid on March 15, 2022, to shareholders of record at the close of business on February 18, 2022. Founded in 1996, Royalty Pharma is the largest buyer of biopharmaceutical royalties and a leading funder of innovation across the biopharmaceutical industry, collaborating wi...

Life Storage (LSI) will raise its quarterly dividend by 16.3% to $1.00 per share in 2022. The dividend yield for LSI is 2.7% at a stock price of $146. The ex-dividend date is January 13, 2022. This post will be updated later.

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...

Camden National Corporation (CAC) will raise its quarterly dividend by another 11.1 percent to 40 cents per share. This follows a 9.1 percent increase to 36 cents per share earlier in 2021 by the bank holding company. The FY 2021 dividend hike is 21.2 percent. This quarterly payout results in an annualized dividend yield of 3.52% based on the December 20, 2021 closing price of the Company's common stock at $45.47 per share as reported by NASDAQ. The dividend is payable on January 31, 2022 to shareholders of record on January 14, 2022. "For the second time this year, we are pleased to announce an increase in our quarterly dividend payment to our shareholders," said Dufour. "A 21% increase in our quarterly dividend aligns with our focus on rewarding shareholders while maintaining sufficient capital levels." Camden National Corporation is the holding company of Camden National Bank, a diversified financial services provider. The Company, through the Bank, offers c...

Servisfirst Bancshares (SFBS) will raise its quarterly dividend by 15.0 percent to $0.23 per share in 2021. Last year the bank holding company hiked its dividend by 14.3percent. The dividend is payable on January 7, 2022 to stockholders of record as of January 1, 2022. ServisFirst has increased its dividend annually since the company went public in 2014. A new annual rate of 92 cents per share yields 1.1% at a stock price of $85. 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.

FMC Corporation (FMC) will raise its quarterly dividend by 10.4 percent to 53 cents per share in 2021. This dividend hike follows an increase of 9.1 percent to 48 cents per share in 2020 by the agricultural chemicals company.  The next FMC dividend is payable on January 20, 2022, to shareholders of record as of the close of business on December 31, 2021. This is the fourth consecutive year FMC has increased its dividend. The company remains committed to growing the dividend at or above the rate of earnings growth moving forward. A new annualized dividend rate of $2.12 per share for FMC Corporation yields 2.0% at a stock price of $104. 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 c...

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...

Communications products maker Motorola Solutions (MSI) will increase its quarterly dividend by 11.3 percent to $0.79 per share in 2021. This follows a dividend hike of 10.9 percent to 71 cents per share by MSI in 2020. The year 2021 will mark the 10th consecutive year of dividend increases announced by MSI. The increased MSI dividend will be payable in cash on January 14, 2022, to shareholders of record at the close of business on December 15, 2021. The new annualized dividend of $3.16 per share for Motorola Solutions yields 1.2 percent at a stock price of $255. Motorola Solutions, Inc. is a provider of communication infrastructure, devices, accessories, software and services. The company makes communications products and services for public safety and government agencies (law enforcement, fire, emergency medical services, and national government security) as well as private entities including utilities, mining, energy, manufacturing, hospitality, retail, transportation and logistics.