Rewarding Shareholders: 10 Consumer Defensive Products Increased Their Dividends Last Quarter, Q2 FY 2023
Dividends
July 17, 2023
LifeVantage Corporation recently made an exciting announcement regarding its dividend increase. The company's Board of Directors has approved a quarterly cash dividend of $0.035 per share of common stock, reflecting a significant 16.7% increase compared to previous quarters. This news has garnered attention among investors and financial analysts.
The decision to increase the dividend can be attributed to the company's strong financial performance and confidence in its future prospects. LifeVantage has been experiencing steady growth, demonstrating its ability to generate consistent earnings and cash flow. By increasing the dividend, the company aims to reward its shareholders for their continued support and provide an attractive return on their investment.
LifeVantage Corporation is a Utah-based company that specializes in the development and distribution of a wide range of health and wellness products. Their offerings include scientifically-validated dietary supplements, digestive system support, weight management solutions, anti-aging skincare, and hair care products. Some of their notable brands include Protandim, LifeVantage Omega+, PhysIQ, Petandim for Dogs, Axio, and LifeVantage TrueScience. They sell their products through an extensive network of independent distributors across multiple countries, as well as through their website.
Target Corporation, a renowned retail company, recently announced an increase in its quarterly dividend, demonstrating its commitment to rewarding shareholders. The board of directors declared a dividend of $1.10 per common share, representing a 1.9% increase from the previous quarter's dividend of $1.08. This move marks Target's 224th consecutive dividend paid since it went public in October 1967, highlighting its long-standing history of delivering consistent returns to investors.
The decision to raise the dividend can be attributed to various factors, including Target's strong financial performance and positive outlook. The company's consistent growth and robust earnings have enabled it to generate surplus cash flow, which it can allocate towards shareholder distributions. Additionally, Target's management likely recognizes the importance of dividends in attracting and retaining investors, as well as enhancing the company's overall shareholder value.
Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise; beauty and household essentials; The company also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. It sells its products through its stores; and digital channels, including Target.com. As of March 25, 2020, the company operated approximately 1,900 stores. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.
Sysco Corporation recently announced a 1 cent increase in its quarterly cash dividend, bringing it to $0.50 per share from the previous $0.49 per share. This decision reflects Sysco's commitment to its balanced capital allocation strategy and its track record as a Dividend Aristocrat. Kenny Cheung, Sysco's executive vice president and chief financial officer, expressed confidence in their Recipe for Growth strategy, as evidenced by the $0.04 per share annual increase for fiscal year 2024. This move demonstrates Sysco's dedication to delivering returns to its shareholders while executing its growth plans.
The increased dividend is payable for the first time on July 28, 2023, to common stockholders of record as of July 7, 2023. Sysco Corporation's consistent dividend growth showcases its strong financial position and long-term value for investors. Investors can find reassurance in the company's commitment to providing consistent returns, which is further supported by their Recipe for Growth strategy. These recent developments indicate Sysco's optimistic outlook for the future, making it an intriguing stock to consider for dividend prospects.
Sysco Corporation is a global leader in food distribution, catering primarily to the foodservice industry in the United States, Canada, the United Kingdom, France, and other international markets. With a vast network of 326 distribution facilities, Sysco offers a comprehensive range of food and related products, including frozen foods, canned and dry foods, fresh meats and seafood, dairy products, beverages, imported specialties, fresh produce, as well as non-food items like paper products, tableware, cookware, and cleaning supplies. Their clientele includes restaurants, hospitals, schools, hotels, industrial caterers, and various foodservice venues. Founded in 1969 and headquartered in Houston, Texas, Sysco has established itself as a trusted supplier in the industry.
Costco Wholesale Corporation recently made a notable announcement regarding its dividend policy. The company's Board of Directors declared a quarterly cash dividend on Costco common stock and approved a significant increase from 90 cents to $1.02 per share, resulting in an annualized dividend of $4.08. This decision reflects the company's commitment to rewarding its shareholders and signifies its financial strength and positive outlook.
Costco Wholesale Corporation is a multinational retail company that operates membership warehouses across various countries, including the United States, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. They offer a wide range of products, both branded and private-label, in categories such as groceries, electronics, appliances, apparel, and more. In addition to their warehouses, they also provide services like pharmacies, optical dispensing centers, food courts, and gas stations. With a strong online presence, Costco offers various services, including business delivery, travel, and same-day grocery delivery. Founded in 1976, Costco is headquartered in Issaquah, Washington, and operates over 796 warehouses worldwide.
Kimberly-Clark Corporation recently announced its decision to raise its quarterly dividend to $1.18 per share. This move comes as no surprise, considering Kimberly-Clark's impressive track record of increasing dividends for the past 51 years and consistently paying dividends to shareholders for 89 consecutive years. The company's commitment to rewarding its investors is evident in its long-standing dividend history.
Kimberly-Clark Corporation is a global manufacturer and marketer of personal care and consumer tissue products. With three main segments - Personal Care, Consumer Tissue, and K-C Professional - the company offers a wide range of products under well-known brand names such as Huggies, Pull-Ups, Kleenex, Scott, and Kotex. They provide disposable diapers, wipes, feminine care products, facial tissues, paper towels, and more. Kimberly-Clark sells its products through various retail outlets, distributors, and e-commerce platforms for household and away-from-home use. Established in 1872 and headquartered in Dallas, Texas, the company has a long-standing presence in the industry.
Constellation Brands Inc. recently announced an 11% increase in its quarterly cash dividend, raising it to 89 cents per share. The decision to increase the dividend comes after the company missed revenue estimates for its fiscal fourth quarter. Constellation Brands faced challenges in its beer sales due to a previous price increase aimed at offsetting inflationary pressures in its supply chain, which led some consumers to reduce their consumption or switch to cheaper beer brands.
Despite these challenges, Constellation Brands reported a 6.3% increase in beer depletions, indicating growth in the number of cases sold by distributors to retailers. While this growth is an improvement from the previous quarter, it is still below the levels seen in the preceding four quarters. Beer sales fell 2%, while wine and spirits sales fell 14%. Truist analyst Bill Chappell expressed concerns about the company's ability to achieve double-digit growth in beer sales and mentioned that operating margins continue to face pressure from rising raw materials, packaging, logistics, and labor costs.
Constellation Brands, Inc., together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands. The company offers wine under the 7 Moons, Drylands, SIMI, Charles Smith, Auros, Kim Crawford, Spoken Barrel, Prisoner, Champagne Palmer & Co, Meiomi, Robert Mondavi, Cooper & Thief, Mount Veeder, Schrader, Crafters Union, Nobilo, Cuvée Sauvage, and Ruffino; and spirits under the Casa Noble, High West, Mi CAMPO, Nelson''s Green Brier, SVEDKA, The Real McCoy brands. It provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies. The company was founded in 1945 and is headquartered in Victor, New York.
The Kroger Co. recently announced an increase in its dividend from $1.04 to $1.16 per year, approved by the Board of Directors. This marks the 17th consecutive year of dividend increases for Kroger, a testament to its strong financial performance and growth. The quarterly dividend of 29 cents per share will be paid on September 1, 2023, to shareholders of record as of August 15, 2023.
The company's quarterly dividend has shown an impressive compounded annual growth rate of 13.7% since it was reinstated in 2006. Kroger's consistent dividend growth reflects the Board's confidence in the company's strategy of Leading with Fresh, Accelerating with Digital, as stated by Rodney McMullen, Kroger's Chairman and CEO. The company's ability to generate strong and consistent free cash flow, along with its resilient performance in various operating environments, has contributed to the decision to increase the dividend.
The Kroger Co. is a leading retailer in the United States, operating a diverse range of stores including supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Their stores offer a wide selection of products, including natural and organic food, pharmaceuticals, general merchandise, pet supplies, fresh seafood, and produce. Additionally, they provide apparel, home goods, electronics, automotive products, and toys. The company also manufactures and sells its own food products and operates fuel centers. With over 2,700 stores in 35 states and the District of Columbia, as well as an online retail store, Kroger continues to expand its reach. They have formed a strategic partnership with Ocado Solutions to build customer fulfillment centers in different regions. Founded in 1883 and headquartered in Cincinnati, Ohio, Kroger is committed to providing quality products and convenience to its customers.
Bunge Limited recently made an exciting announcement for its shareholders. The company's Board of Directors has approved a 6% increase in its quarterly cash dividend, resulting in a new dividend of $0.6625 per share on its common shares. This move demonstrates Bunge Limited's commitment to rewarding its shareholders and signifies the company's positive outlook on its financial performance.
Bunge Limited is a global agribusiness and food company with five key segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. In the Agribusiness segment, it engages in the purchasing, storage, transportation, processing, and sale of agricultural commodities and related products. The Edible Oil Products segment provides packaged and bulk oils and fats for various food manufacturers and retailers. The Milling Products segment offers wheat flours, corn products, and rice products. The Sugar and Bioenergy segment produces sugar, ethanol, and electricity from sugarcane bagasse. Lastly, the Fertilizer segment provides a range of fertilizers. Established in 1818, Bunge Limited is headquartered in St. Louis, Missouri.
Flowers Foods, Inc. recently announced a 4.5% increase in its quarterly dividend, demonstrating the board's confidence in the company's robust earnings and cash flow. With a track record of 83 consecutive quarterly dividends, Flowers Foods has consistently rewarded its shareholders. The dividend, set at $0.23 per share, is payable on June 22, 2023, to shareholders of record on June 8, 2023.
This dividend increase comes as the company focuses on fortifying its leading brands through strategic investments. Flowers Foods aims to leverage these investments to achieve long-term financial targets while driving growth. The dividend hike reflects the management's optimism in the company's ability to generate strong financial performance and underscores its commitment to shareholders.
Flowers Foods, Inc. produces and markets packaged bakery products in the United States. It offers fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature''s Own, Dave''s Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley''s, Tastykake, Alpine Valley, Aunt Hattie''s, Bunny, Butternut, Butterkrust, Captain John Derst, Country Kitchen, Evangeline Maid, Home Pride, Merita, Sara Lee (California), and Sunbeam brand names. The company distributes its products through a direct-store-delivery distribution and a warehouse delivery system, as well as operates 46 bakeries comprising 44 owned and 2 leased. Its customers include mass merchandisers, supermarkets and other retailers, convenience stores, national and regional restaurants, quick-serve chains, retail in-store bakeries, foodservice distributors, food wholesalers, institutions, dollar stores, and vending companies. The company was formerly known as Flowers Industries and changed its name to Flowers Foods, Inc. in 2001. Flowers Foods, Inc. was founded in 1919 and is headquartered in Thomasville, Georgia.
The Procter & Gamble Company (P&G) recently announced a 3% increase in its quarterly dividend, setting it at $0.9407 per share on the Common Stock, as well as on the Series A and Series B ESOP Convertible Class A Preferred Stock. This dividend increase is significant as it marks the 67th consecutive year that P&G has raised its dividend and the 133rd consecutive year that P&G has paid a dividend since its establishment in 1890.
The decision to increase the dividend reflects P&G's dedication to providing value to its shareholders. By consistently raising its dividend, P&G demonstrates its commitment to returning cash to investors, many of whom rely on the reliable and steady income generated from their investment in the company. This long-standing track record of dividend growth further strengthens P&G's position as an attractive investment option for income-focused investors.
The Procter & Gamble Company is a global provider of consumer packaged goods with a wide range of products in the beauty, grooming, health care, fabric and home care, and baby, feminine, and family care segments. They offer popular brands such as Head & Shoulders, Herbal Essences, Pantene, Olay, Gillette, Crest, Tide, Pampers, and many more. Operating across multiple regions, they distribute their products through various channels including retail stores, e-commerce platforms, and professional channels. Founded in 1837 and headquartered in Cincinnati, Ohio, Procter & Gamble is committed to delivering quality products to consumers worldwide.
All data was sourced from LevelFields AI
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