MetroCity Bankshares (MCBS) increases quarterly cash dividend to $0.23/share

MetroCity Bankshares increases quarterly cash dividend to $0.23/share from $0.20/share and announces the continuation of its share repurchase program 

• The Company approves the continuation of its share repurchase program that expired on September 30, 2024 and authorized the Company to repurchase up to 925,250 shares of the Company's outstanding shares of common stock, which is the number of remaining shares authorized for repurchase from the Prior Share Repurchase Plan.
• The share repurchase program will begin on October 17, 2024 and end on September 30, 2025.

Earnings Date	Oct 18, 2024
Forward Dividend & Yield	0.80 (2.58%)
Ex-Dividend Date	Jul 31, 2024

Dividend Payable Date    Aug 9, 2024

X: Oct 10: vol. 17K

 

 

==Bank of America (BAC) to increase quarterly dividend by 8% to $0.26/share

Bank of America to increase quarterly dividend by 8% to $0.26/share following the Fed's Stress Test results 

Earnings Date	Jul 16, 2024
Forward Dividend & Yield	0.96 (2.40%)
Ex-Dividend Date	Jun 07, 2024

• Co announced plans to increase its quarterly common stock dividend to $0.26 per share beginning in the third quarter of 2024.
• Based on the 2024 CCAR results, Bank of America's stress capital buffer (SCB) will be 3.2% and the CET1 minimum requirement will be 10.7% when finalized. This new SCB will be effective from October 1, 2024 to September 30, 2025. At March 31, 2024 Bank of America had $197 billion of regulatory CET1 capital and a CET1 ratio of 11.9% which exceeds our current regulatory minimum requirement of 10.0%.

Verizon Communications (VZ)

• Quarterly Dividend / Yield  $0.665 / 6.52%
• Ex-Dividend Date   07/10/2024
• Dividend Payable Date   08/01/2024
• Next Earnings Date  07/22/2024

==Kroger (KR) increases quarterly cash dividend 10% to $0.32/share from $0.29/share

Quarterly Dividend / Yield $0.29 / 2.35%

Ex-Dividend Date 05/14/2024

Dividend Payable Date 06/01/2024

Next Earnings Date 09/12/2024

 

==Agree Realty Corporation (ADC)

Monthly Dividend / Yield   $0.25 / 4.91%

Ex-Dividend Date   06/28/2024

Dividend Payable Date  07/15/2024

Next Earnings Date  07/23/2024

Sector(s): Real Estate

Industry: REIT - Retail

https://www.agreerealty.com

Agree Realty cut its dividend in 2011 because of the bankruptcy of one of its tenants. The dividend has been growing steadily since 2013, or roughly for a decade. And, more importantly, the dividend cut came when Agree owned fewer than 100 properties. Today, the net lease real estate investment trust (REIT) owns over 2,100 properties. (A net lease requires the tenant to pay for most property-level operating costs.) It just isn't the same company it was in 2011.

Agree is now a relatively fast-growing REIT that has rewarded investors with a relatively fast-growing dividend. To be fair, Agree's dividend has only grown at around 6% or so a year over the past decade. But that's almost twice as fast as net lease REIT giant Realty Income. The real attraction of Agree, however, is the opportunity that lies ahead as it continues to buy new properties. Given that Realty Income owns over 15,400 buildings, Agree's runway for growth looks very long. You can collect an attractive yield of 4.8% if you buy into this growing REIT.

AGNC Investment Corp. (AGNC)

Forward dividend & yield	1.44 (15.00%)
Ex-dividend date	31 May 2024

 

 

M&T Bank (MTB) increases quarterly cash dividend 4% to $1.35/share from $1.30/share

Earnings Date	Jul 18, 2024
Forward Dividend & Yield	5.40 (3.58%)
Ex-Dividend Date	Jun 03, 2024

Realty Income (O) increases quarterly cash dividend 2.1% to $0.2625/share

Realty Income increases quarterly cash dividend 2.1% to $0.2625/share from $0.257/share

Earnings Date	Jul 31, 2024 - Aug 05, 2024
Forward Dividend & Yield	3.08 (5.91%)
Ex-Dividend Date	Jun 03, 2024

 

 

Ethan Allen increases quarterly cash dividend 8.3% to $0.39/share from $0.36/share

Forward Dividend & Yield	1.56 (4.80%)
Ex-Dividend Date	Feb 05, 2024

 

Verizon Communications (VZ)

Forward Dividend & Yield 2.66 (6.70%)

Ex-Dividend Date Apr 09, 2024

Targa Resources increases its quarterly dividend by 50% to $0.75; 2.6% annual yield

Forward Dividend & Yield 3.00 (2.63%)

Ex-Dividend Date Apr 29, 2024

==Mercedes-Benz Group AG (MBGYY)

MBGYY announced a cash dividend of 1.444 with an ex-date of May. 9, 2024 

Sector(s): Consumer Cyclical
Industry: Auto Manufacturers 

Forward Dividend & Yield	1.44 (7.09%)
Ex-Dividend Date	May 09, 2024

Avg. Volume212,798

AGNC Investment Corp. (AGNC)

Forward Dividend & Yield	1.44 (15.09%)
Ex-Dividend Date	Feb 28, 2024

 

Arbor Realty Trust (ABR)

Forward Dividend & Yield	1.72 (13.26%)
Ex-Dividend Date	Mar 01, 2024

 

NuStar Energy L.P. (NS)

Forward Dividend & Yield	1.60 (6.76%)
Ex-Dividend Date	Feb 06, 2024

 

Alliant Energy Corporation (LNT)

Forward Dividend & Yield	1.92 (3.97%)
Ex-Dividend Date	Jan 30, 2024

 

Alliant Energy Corporation was incorporated in 1981 and is headquartered in Madison, Wisconsin.

Sector(s): Utilities
Industry: Utilities - Regulated Electric

 

 

Rising Dividend Stocks offering Treasury-beating yields

Nine S&P 500 stocks, including Verizon (VZ), Paccar (PCAR) and T. Rowe Price (TWO), yield more than the 10-year Treasury yield's 4.09%, say an Investor's Business Daily analysis of data from S&P Global Market Intelligence. What's more, their stock prices are all up 2% or more this year.

 

All yield more than 10-Year Treasuries and are up this year

Company	Ticker	Yield	YTD stock % ch.	Sector
Verizon Communications	(VZ)	6.3%	10.9%	Communication Services
PACCAR	(PCAR)	4.2	3.6%	Industrials
T. Rowe Price	(TROW)	4.4	2.7%	Financials
AT&T	(T)	6.4	2.5%	Communication Services
Truist Financial	(TFC)	5.4	2.3%	Financials
Citizens Financial Group	(CFG)	5.0	2.3%	Financials
Huntington Bancshares	(HBAN)	4.7	2.2%	Financials
KeyCorp	(KEY)	5.5	2.2%	Financials
Pioneer Natural Resources	(PXD)	6.1	2.1%	Energy

Sources: S&P Global Market Intelligence, IBD

===Williams Cos (WMB) increases quarterly cash dividend 6.1% to $0.475/share from $0.4475/share

Earnings Date	Feb 14, 2024
Forward Dividend & Yield	1.79 (5.14%)
Ex-Dividend Date	Dec 07, 2023