This article was co-produced with James Marino Sr. of Portfolio Insight.
We monitor dividend announcements of stocks in Dividend Radar, a weekly automatically generated spreadsheet listing stocks with dividend streaks of five years or more. The Dividend Radar spreadsheet separates stocks into categories based on the length of the streak: Champions (25+ years), Contenders (10- 24 years), and Challengers (5-9 years).
In the past week, six companies in Dividend Radar decided to increase their dividends. There were no announcements of dividend cuts or suspensions.
The following table presents a summary of the dividend increases.
The table is sorted into sections for Champions, Contenders, and Challengers, and then by the percentage increase, %Incr. Dividends are annualized and in US$, unless otherwise indicated. Yield is the new dividend yield for the market close Price on the date listed. Yrs are years of consecutive dividend increases, while 5-yr DGR is the compound annual growth rate of the dividend over a 5-year period.
Some companies increase their dividends more than once a year, so the last column (1-yr DGR) indicates the percentage increase from the year-ago dividend.
Summary of Dividend Increases: August 22-28, 2020 |
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Source: Created by the authors from data in Dividend Radar.
The following dividend increase data are sorted alphabetically by ticker.
Company descriptions are the author's summary of company descriptions sourced from Finviz.
BancFirst Corporation (BANF)
BANF is a financial holding company that conducts all of its operating activities through its principal wholly-owned subsidiary, BancFirst, a state-chartered bank in Oklahoma City, Oklahoma. BANF operates through 4 principal business units: metropolitan banks, community banks, other financial services, and executive operations and support.
- On Aug 27, BANF declared a quarterly dividend of 34¢ per share.
- This is an increase of 6.25% from the
