Dividend Track Records

On January 31, 2023, Valero Energy Corporation (VLO) announced that it will raise its quarterly dividend by 4.1% to $1.02 per share. This is the first dividend hike by the refiner since 2020, when a dividend hike of 8.9 percent to $0.98 per share was announced, at the time marking 10 straight years of dividend growth. The dividend is payable on March 16, 2023 to holders of record at the close of business on February 14, 2023. The increase in the dividend raises the annualized cash dividend rate on Valero’s common stock to $4.08 per share. This yields 2.9% at a stock price of $140 for VLO. Valero Energy Corporation, through its subsidiaries, is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. The company is a manufacturer and marketer of transportation fuels and petrochemical products. Valero operates petroleum refineries and ethanol plants. The petroleum refineries are located in the United States (U.S.), Canada and the United ...

On January 31, 2023, Williams Companies (WMB) announced that it will raise its quarterly dividend by 5.3 percent to $0.4475 per share in Q1 of 2023. This marks the 7th consecutive year of higher dividend payments. Last year WMB hiked its dividend by 3.7%. The next WMB dividend will be payable on March 27, 2023, to holders of record at the close of business on March 13, 2023. A new annualized dividend rate of $1.79 per share yields 5.6% at a stock price of $32.19. The Williams Companies, Inc. is an energy infrastructure company focused on connecting North America's hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. Headquartered in Tulsa, Okla., Williams owns approximately 74 percent of Williams Partners L.P. (WPZ). Williams Partners is a master limited partnership with operations across the natural gas value chain from gathering, processing and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, pr...

On January 31, 2023, Shutterstock (SSTK) declared a dividend hike of 12.5% to $0.27 quarterly per share. This marks the third consecutive year of double digit dividend hikes by SSTK. The next SSTK dividend is payable on March 16, 2023, to stockholders of record at the close of business on March 2, 2023. The new annual dividend rate of $1.08 per share will yield 1.5% to shareholders at a stock price of $72.30 for Shutterstock. The company now pays an estimated $39 million in dividends annually. Last year SSTK declared a dividend hike of 14.3%. Shutterstock, Inc. is a global creative platform offering full-service solutions, high-quality content, and applications for brands, businesses, and media companies. Directly and through its group subsidiaries, Shutterstock's collection includes high-quality licensed photographs, vectors, illustrations, 3D models, videos and music. The Company also owns PicMonkey, a leading online graphic design and image editing platform; Offset, a high-end i...

NXP Semiconductors NV (symbol: NXPI) will raise its quarterly dividend by 20 percent to $1.014 per share in 2023. Last year the Eindhoven (The Netherlands) based company announced a 50 percent dividend hike. This marks 5 consecutive years of increased dividends by NXPI. On January 30, 2023, the NXP Board of Directors approved a 20 percent increase in the quarterly cash dividend to $1.014 per ordinary share. The interim dividend will be paid in cash on April 5, 2023 to shareholders of record as of March 15, 2023 NXP Semiconductors makes secure connectivity solutions for embedded applications in the automotive, industrial & IoT, mobile, and communication infrastructure markets. NXPI segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, ...

IT services and consulting firm Booz Allen Hamilton Corp (BAH) has declared a new record high quarterly dividend of $0.47 per share in Q1 of 2023, up 9.3% from the previous quarterly payment of $0.43 per share. This will mark 11 consecutive years of increased dividends by BAH. In 2022 the company announced a dividend hike of 16.2% with double digit increases in the last 10 years. Booz Allen Hamilton Holding raised its lower-end of 2023 profit forecast range on January 27, 2023. BAH raised its revenue growth forecast to 9.5%-10.5% compared to the prior guidance of 8.0%-10.5% for fiscal 2023. For shareholders a 9.3% dividend will be paid on March 1, 2023 with an ex-dividend date of February 9, 2023. At a stock price of $92.53 the dividend yield for BAH is 1.85%.  Booz Allen Hamilton Holding Corporation is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The c...

In a very busy week for with many companies announcing dividend hikes , oil company Chevron (CVX) also declared an increased quarterly dividend rate of $1.51 per share, up 6.3% from the previous quarterly dividend of $1.42 per share.

On January 24, 2023, S&P Dow Jones Indices announced its annual index changes for the Canadian Dividend Aristocrats Index. Five new companies are added and seven companies will be deleted.