Dividend Track Records

Essential Properties Realty Trust, Inc. (EPRT) will raise its quarterly dividend by another 4.5 percent to $0.23 per share in 2019. This brings the total dividend increase in 2019 to 9.5 percent. Last year the REIT initiated a quarterly dividend. The next dividend is payable on January 15, 2020 to stockholders of record as of the close of business on December 31, 2019. A new annual rate of 92 cents yields 3.7% at a stock price of $25. As of September 30, 2019, the Company’s portfolio consisted of 917 freestanding net lease properties with a weighted average lease term of 14.4 years and a weighted average rent coverage ratio of 2.9x. As of the same date, the Company’s portfolio was 100.0% leased to 199 tenants operating 233 different concepts in 16 industries across 45 states (source: Essential Properties press release December 9, 2019). Essential Properties Realty Trust, Inc. is an internally managed real estate company that acquires, owns and manages primarily single-tenant prop...

Marriott Vacations (VAC) will raise its quarterly dividend by 20.0 percent to $0.54 per share in the fourth quarter of 2019. The vacation ownership company initiated a dividend in 2014. The next dividend is payable on or around January 6, 2020 to shareholders of record as of December 23, 2019. A new annualized dividend rate of $2.16 per share yields 1.7% at a stock price of $84.90. Marriott Vacations Worldwide Corporation is a global vacation ownership company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It also includes exchange networks and membership programs, as well as management of other resorts and lodging properties. Its seven vacation ownership brands include Marriott Vacation Club, The Ritz-Carlton Destination Club and Grand Residences by Marriott. The company maintains exclusive, long-term relationships with Marriott International and Hyatt Hotels Corporation for the develop...

Just like last year Eli Lilly and Company (LLY) will raise its dividend by 14.7 percent to $0.85 per share in the first quarter of 2021. Last year the company announced a 14.7 percent dividend hike, matching the 2018 increase. The pharmaceutical company has now raised its dividend for 7 consecutive years. The next dividend is payable March 10, 2021, to shareholders of record as of the close of business on February 12, 2021. The new annual indicated rate to $3.40 per share, yields 2.0% at a stock price of $171.40. The stock price of Eli Lilly and Company has gained 30.4 percent in 2020, outperforming most large cap farmaceutical peers and resulting in a market cap of $164 billion with the stock trading near its all time high. Eli Lilly now pays an estimated $3.2 billion in dividends annually to shareholders with dividend growth picking up in the last three years with a double digit increase announced in 2018, 2019 and 2020. Eli Lilly and Company is a manufacturer of human pharmaceut...

HEICO Corporation (HEI) will raise its semi-annual dividend by 14.3 percent to $0.08 per share in the first quarter of 2020. This marks 12 consecutive years of double digit dividend increases by the defense company. The next dividend is payable on January 23, 2020 to shareholders of record as of January 9, 2020. A new annualized dividend rate of 16 cents per share yields 0.1% at a stock price of $116.67. HEICO states that the increased semi-annual cash dividend confirms the company's confidence in HEICO's consistent growth strategies and our desire to continue rewarding its shareholders, while retaining sufficient capital to fund its internal growth and its acquisitions. Considering the impact of cash dividends, prior stock splits and stock dividends, one share of HEI worth $8.38 in 1990 has become worth on a combined basis approximately $4,213, representing an increase of approximately 503 times the 1990 value and a compound annual growth rate of approximately 24% as of D...

Balchem Corporation (BCPC) will raise its annual dividend by 10.6 percent to $0.52 per share in 2019. This marks the 10th consecutive year of annual dividend increases by the food processing and specialty products company. The next dividend is payable on January 17, 2020 to holders of record on December 30, 2019. The new annual rat of 52 cents yields 0.5% at a stock price of $101. Ted Harris, Balchem’s President and CEO, stated, “Balchem has a long standing commitment to an annual dividend and we are pleased to announce the continuation of that commitment.  This dividend represents the tenth consecutive increase in our annual dividend, reflecting both the consistently outstanding financial performance the company has delivered and the Board’s continued confidence in our long-term strategies.” Balchem Corporation reports four business segments: Human Nutrition & Health; Animal Nutrition & Health; Specialty Products; and Industrial Products. The Human Nutrition & He...

Lamb Weston Holdings Inc. (LW) will raise its quarterly dividend by 15.0 percent to $0.23 per share. This is the third year of dividend increases by the food products supplier. The next dividend is payable on Feb. 28, 2020, to stockholders of record at the close of business on Jan. 31, 2020. A new annualized dividend rate of 92 cents per share yields 1.1% at a stock price of $85.83. Lamb Weston also stated that it will continue to target an annual dividend payout ratio of 25 percent to 35 percent of adjusted diluted earnings per share. Lamb Weston Holdings, Inc. is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers worldwide. The company is the number one supplier of value-added frozen potato products in North America and a leading supplier of value-added frozen potato products internationally with French fries representing the majority the product portfolio. Lamb Weston has four reportable segments: Global, Foodservice, R...

W. P. Carey (WPC) will raise its quarterly dividend by 0.2 percent to $1.038 per share, marking the company’s 75th consecutive quarterly dividend increase since going public in 1998. Last year W.P. Carey raised its dividend by a total of 2.0 percent. The next dividend is payable on January 15, 2020 to stockholders of record as of December 31, 2019. The new annualized dividend rate of $4.152 per share yields 5.4% at a stock price of $77.60. Jason Fox, Chief Executive Officer, W. P. Carey, said: "We are extremely proud of our more than 20-year history of annual dividend increases, reflecting our commitment to providing rising income and building long-term value for our shareholders." W. P. Carey Inc. is a net lease commercial real estate investment trust that provides real estate-based financing solutions. The company invests in high-quality single-tenant industrial, warehouse, office and retail properties subject to long-term leases with built-in rent escalators. Its po...

Dividend Aristocrat Pentair PLC (PNR) will raise its quarterly dividend by 5.6 percent to $0.19 per share in the first quarter of 2020. This marks the 44th consecutive year that Pentair has increased its dividend, if adjusted for the separation of nVent Electric (NVT). The next dividend will be paid on February 7, 2020 to shareholders of record at the close of business on January 24, 2020. A new annualized dividend rate of 76 cents per share yields 1.7% at a stock price of $45.38. Pentair plc is engaged in Water Quality Systems business and Flow and Filtration Solutions business. The company designs, manufactures, markets and services water system products and solutions to meet filtration and fluid management challenges in food and beverage, water, swimming pools and aquaculture applications. Its Flow and Filtration Solutions business is involved in the water treatment and wastewater system business.

Albany International Corp (AIN) will raise its quarterly dividend by 5.6 percent to $0.19 per share in the fourth quarter of 2019. This follows last year's 5.9 percent dividend hike. The next dividend is payable January 8, 2020, to shareholders of record on December 23, 2019. A new annualized dividend rate of 76 cents per share yields 0.9% at a stock price of $82. Albany International Corp. is a global advanced textiles and materials processing company, with two core businesses. Machine Clothing is the world's leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries. Albany Engineered Composites is a rapidly growing supplier of highly engineered composite parts for the aerospace industry.