Dividend Track Records (DTR)

A Host Hotels & Resorts property (image: company) In week 51 the last US listed companies announced dividend hikes, including Dividend Aristocrat Abbott Laboratories. The dividend freak Youtube channel noticed a company that announced a special dividend and hiked the dividend for the 3rd time in 2023.

Several US listed companies announced their annual dividend hikes in the week from November 6 to 10, 2023. We have made a selection of increases and special dividend announcements, including Haverty, United Bankshares , Four Corners Property and Transdigm.

AGCO, Your Agriculture Company, (AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced that its Board of Directors declared a special variable dividend in the amount of $5.00 per share and also increased the quarterly dividend to $0.29 per outstanding share, up $0.05 from $0.24 per outstanding share paid last quarter. “Our record 2022 and healthy financial outlook for 2023 enable us to accelerate technology-related investments that benefit farmers and continue to return cash to our shareholders,” said Eric Hansotia, AGCO Chairman, President and Chief Executive Officer. “Given our strong financial position, AGCO’s Board of Directors approved our third consecutive special variable dividend of $5.00 per share, which is more than a ten percent increase versus last year’s special variable dividend.” "Given the structural improvement in our profitability, we have also increased our quarterly dividend by ...

On April 20, 2023, the Griffon Corp (GFF) board approved two actions to return additional capital to shareholders. First, Griffon increased its share repurchase authorization to $258 million from the prior unused authorization of $58 million. Second, the Griffon Board declared a special cash dividend of $2.00 per share, payable on May 19, 2023 to shareholders of record as of the close of business on May 9, 2023. “Over the past year, our financial performance has improved despite headwinds in the housing market and the global economy. We remain confident about our business and operating strategy,” said Ronald J. Kramer, Chairman and CEO of Griffon. “The special dividend announced today demonstrates our commitment to providing immediate value to our shareholders, and reflects the confidence of Griffon’s Board and management regarding our outlook.” “We have a strong balance sheet with no significant debt maturities until 2028. Regarding our capital allocation, we expect to utilize excess ...

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...

On November 17, 2022, Dillard’s, Inc. (DDS) declared a $15.00 per share special dividend. This matches the $15.00 special dividend paid by DDS in december 2021. Last year Dillard's hiked its dividend for the 11th consecutive year. So far this year a dividend hike has not yet been announced by the retailer. The DDS special dividend is payable January 30, 2023 to shareholders of record as of December 30, 2022. The Company also announced that the Board of Directors declared a special dividend of $15.00 per share on the Class A and Class B Common Stock of the Company. The dividend follows the Company’s continued strong financial performance for the first three quarters of 2022. The dividend yield for DDS is 0.2% at a stock price of $363. In a joint statement, Dillard’s Chief Executive Officer, William Dillard, II and President Alex Dillard noted, “We are happy with the Board’s decision to grant another special dividend. It is truly rewarding to us to return value to all shareholders. O...

On September 20, 2022, Saga Communications, Inc. (SGA) declared declared a quarterly cash dividend of $0.25 per share, up 25% from the previous dividend of $0.20 quarterly per share. Also SGA will pay shareolders a special dividend of $2.00 per share. On Twitter we already published that this special dividend yields 7.7% at a stock price of $26.05. The dividend will be paid on October 21, 2022, to shareholders of record on October 3, 2022. The aggregate amount of the payment to be made in connection with the quarterly and special dividends will be approximately $13.6 million. The quarterly and special cash dividends will be funded by cash on the Company’s balance sheet. Including this dividend, the Company will have paid over $93.0 million in dividends to shareholders since the first special dividend was paid in 2012. “We are very pleased that our strong capital position and operating performance allowed us to declare an increased regular quarterly cash dividend and a special cash ...

AMERCO (UHAL) will pay a special cash dividend of $0.50 per share in April 2022. Last year the parent of U-Haul International paid three special dividends of $0.50 per share. The next UHAL dividend will be payable April 29, 2022 to holders of record on April 18, 2022. AMERCO is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc. The company also operates as an insurer through its subsidiaries Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company. U-Haul is the largest retailer of propane in the U.S., and continues to be the largest installer of permanent trailer hitches in the automotive aftermarket industry.

Costamare (CMRE) will pay a special dividend of 50 cents per share in 2022. The regular quarterly dividend is 11.5 cents per share. CMRE last raised its quarterly dividend by 15 percent to $0.115 per share in 2021. This was the first increase in years by the containership company and follows a dividend cut of 65.5 percent from $0.29 to $0.10 per share in 2016.  Costamare has decided to declare a special dividend on its common stock of US $0.50 per share. The special dividend will be in addition to the regular first quarter 2022 dividend and will be also payable on May 5, 2022 to holders of record of common stock as of April 19, 2022. Costamare has also declared a quarterly dividend on its common stock of US $0.115 per share for the quarter ended March 31, 2022. The dividend for the common stock is payable on May 5, 2022, to holders of record of common stock as of April 19, 2022. The regular annual dividend rate of 46 cents per CMRE share yields 2.7% at a stock price of $17.13. Cost...

 $1.50 per share

WING has authorized and declared a special dividend of $4.00 per share of common stock payable to stockholders of record as of March 24, 2022, to be paid on April 7, 2022.

Glacier Bancorp (GBCI) will pay a 10 cent per share special dividend in 2022. This comes after a double dividend increase for a total of 6.7 percent announced in 2021. Glacier Bancorp has now announced a dividend hike for 10 consecutive years. The special GBCI dividend of $0.10 per share will be payable on January 20, 2022, to owners of record on January 11, 2022. The regular annual dividend yields 2.6% at a stock price of $50.28.  Glacier Bancorp, Inc. provides commercial banking services. The company offers a wide range of banking products and services, including retail banking business banking, real estate, commercial, agriculture, consumer and municipal loans; and mortgage origination services. The company serves individuals, small to medium-sized businesses, community organizations and public entities. Glacier Bancorp is the parent company for Glacier Bank, Kalispell, and its bank divisions: Bank of the San Juans (Durango, CO), Citizens Community Bank (Pocatello, ID), Collegia...

Retail Value (RVI) will pay a special dividend of $3.27 per share on January 18, 2021. The company does not pay a regular quarterly dividend.  The Company declared a special cash distribution on its Common Shares of $3.27 per common share payable on January 18, 2022 to shareholders of record at the close of business on December 29, 2021. The special cash distribution is expected to be return of capital which would reduce the shareholder’s tax basis in its shares. The final classification of the distribution will be reported on the Form 1099-DIV related to the 2021 tax year. This post will be updated later.

Waterstone Financial (WSBF) will pay a special dividend of $0.50 per share in 2022. The regular quarterly dividend is $0.20 per share. Earlier this year WSBF already paid another special dividend of $0.50 per share. The regular dividend yields 3.8% at a stock price of $21.50. Both the WSBF dividends are payable on February 1, 2022, to shareholders of record at the close of business on January 10, 2022. Waterstone Financial, Inc. is the holding company of community bank WaterStone Bank SSB (WaterStone Bank). Waterstone Financial, Inc. is the savings and loan holding company for WaterStone Bank. WaterStone Bank was established in 1921 and offers a full suite of personal and business banking products. The Bank has branches in Wauwatosa/State St, Brookfield, Fox Point/North Shore, Franklin/Hales Corners, Germantown/Menomonee Falls, Greenfield/Loomis Rd, Milwaukee/Oklahoma Ave, Oak Creek/27th St, Oak Creek/Howell Ave, Oconomowoc/Lake Country, Pewaukee, Waukesha, West Allis/Greenfield A...

American Financial Group, Inc. (AFG) will pay yet another special dividend of $2.00 per share. This comes after a special dividend of $4.00 per share announced one month ago. The insurance holding company last raised its quarterly dividend by 12 percent to 56 cents per share in August and has now declared $26.00 per share in special dividends in 2021. The regular annual dividend rate of $2.24 per AFG share yields 1.6% at a stock price of $139. The $2.00 special AFG dividend is payable on December 30, 2021 to shareholders of record on December 24, 2021. With this special dividend, the American Financial has declared $26.00 per share in special dividends in 2021. AFG Co-CEOs Carl H. Lindner III and S. Craig Lindner stated: “Returning excess capital to shareholders in the form of this $2.00 special dividend is an important and effective component of our capital management strategy; it reflects AFG’s strong financial position and our confidence in the Company’s financial future. Our excess...

Landstar System, Inc. (LSTR) will pay shareholders another special dividend of $2.00 per share, exactly like it did one year ago. Earlier this year the transportation management solutions provider had already announced a 19 percent dividend hike to 25 cents per share. Logistics company LSTR has increased its dividend for 16 consecutive years. The special dividend of $2.00 per share will be payable on January 21, 2022, to Landstar System stockholders of record as of the close of business on January 7, 2022. The regular annual dividend rate of $1.00 per share for LSTR yields 0.6% at a stock price of $177. Landstar System also announced a new stock purchase program with the company's board of directors increasing the number of shares of its common stock that the company is authorized to purchase under its stock purchase program to 3,000,000. The increase to the share purchase program reflects a new authorization to purchase 1,912,824 shares of Landstar System common stock in addition ...

 Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today that its Board of Directors declared a special cash dividend of $0.07 per share payable on January 14, 2022 to stockholders of record on December 23, 2021. This special dividend is a result of gain on sale realized in connection with ROIC’s property disposition initiative during 2021.