Dividend Policy
Our commitment to delivering consistent returns to shareholders through a sustainable dividend policy and strong financial performance.
Our Dividend Philosophy
We believe in creating long-term value for our shareholders through a balanced approach to capital allocation, including consistent dividend payments that reflect our strong financial performance and growth prospects.
Our dividend policy is designed to provide predictable returns while maintaining the financial flexibility needed to invest in growth opportunities and maintain our competitive position.
Consistent Growth
Steady dividend increases over time
Sustainable Payout
Balanced with growth investments
Key Dividend Metrics
Dividend History
A track record of consistent dividend payments and growth over the past decade.
| Year | Annual Dividend | Payment Date | Ex-Dividend Date | Record Date |
|---|---|---|---|---|
| 2024 | $2.40 | Dec 15, 2024 | Nov 15, 2024 | Nov 18, 2024 |
| 2023 | $2.20 | Dec 15, 2023 | Nov 15, 2023 | Nov 18, 2023 |
| 2022 | $2.00 | Dec 15, 2022 | Nov 15, 2022 | Nov 18, 2022 |
| 2021 | $1.85 | Dec 15, 2021 | Nov 15, 2021 | Nov 18, 2021 |
| 2020 | $1.70 | Dec 15, 2020 | Nov 15, 2020 | Nov 18, 2020 |
2024 Dividend Schedule
Quarterly dividend payments scheduled throughout the year.
Q1 2024
$0.60
Paid: Mar 15, 2024
Q2 2024
$0.60
Paid: Jun 15, 2024
Q3 2024
$0.60
Paid: Sep 15, 2024
Q4 2024
$0.60
Due: Dec 15, 2024
Dividend Policy Details
Understanding our approach to dividend payments and capital allocation.
Policy Framework
- ✓
Target Payout Ratio
40-50% of net income
- ✓
Quarterly Payments
Consistent quarterly distribution
- ✓
Growth Focus
Annual dividend increases
- ✓
Financial Flexibility
Balance with growth investments
Capital Allocation
Shareholder Benefits
Additional benefits and programs available to our shareholders.
Dividend Reinvestment Plan
Automatically reinvest your dividends to purchase additional shares without commission fees.
- • No commission fees
- • Fractional shares
- • Easy enrollment
- • Flexible options
Tax Information
Comprehensive tax reporting and guidance for dividend income and capital gains.
- • 1099-DIV forms
- • Tax guidance
- • Qualified dividends
- • Capital gains reporting
Shareholder Communications
Stay informed with regular updates on dividend payments and company performance.
- • Email notifications
- • Annual reports
- • Proxy materials
- • Investor updates
Invest in Our Future
Join our shareholders and benefit from our consistent dividend payments and long-term growth strategy.