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The Daily Dividend 6/10/25

June 10, 2025

Lots of dividend hikes today!

In fact, all three news items relate to major, well-known companies raising their dividends. And these aren’t paltry increases either. Two are double-digit hikes. And the third is still a respectable 5.1% boost.

Let’s start with the biggest increase…

Garmin Ltd. ($GRMN) Raises Dividend By 20%

Consumer electronics company Garmin makes GPS units, smartwatches, and other high-tech devices. This is a company most investors overlook, despite the firm delivering an incredible market-beating average annual total return of 19.83% for the past decade.

Garmin Ltd. is also a dividend growth stock. And yesterday, the company announced a 20% raise to its quarterly dividend.

The new quarterly dividend rate is $0.90/share.

  • Ex-dividend date: 6/16/2025

  • Payout date: 6/27/2025

  • Forward starting dividend yield: 1.74%

Casey's General Stores, Inc. ($CASY) Raises Dividend By 14%

Casey's General Stores, Inc. owns and operates gas stations and convenience stores.

If you live in a small town in the American Midwest, the local Casey’s may actually be your closest grocery store and pizzeria.

Casey's has delivered market-beating performance with a 10-year average annual total return of 17.66%. And, the company has an inflation-beating 5-year compound annual dividend growth rate of 9.34%.

Yesterday, Casey's raised its dividend by 14% and will now pay a quarterly distribution of $0.57/share.

  • Ex-dividend date: 8/1/2025

  • Payout date: 8/16/2025

  • Forward starting dividend yield: 0.52%

FedEx Corporation ($FDX) Raises Dividend By 5.1%

Last but not least, international shipping and logistics firm FedEx announces its latest dividend raise.

The company hiked its payout by 5.1%.

And, FedEx will now pay a $1.45/share quarterly dividend.

  • Ex-dividend date: 6/23/2025

  • Payout date: 7/8/2025

  • Forward starting dividend yield: 2.61%

Thank you for reading and enjoy your day!