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Good morning!
The dividend hikes keep rolling in.
Today, we’ve got a 6% increase from a high-yield stock, a 4% bump from a bank, and a 0.6% raise from a “perpetual laggard” that’s somehow up 122.73% over the past three years.
Let’s start with the high-yielder.
Sunoco LP ($SUN) Raises Dividend By 6.2%
Sunoco LP is the largest independent fuel distributor in the United States.
The company supplies diesel and high-octane fuels to more than 5,000 gas stations across 30+ states. Despite the boring nature of the business, Sunoco has outperformed the market over the past decade, delivering a 10-year average annual total return of 16.76%.
Yesterday, Sunoco announced a 6.2% dividend increase.
Sunoco LP will now pay a $0.9899/share quarterly dividend.
Ex-dividend date: 5/8/26
Payout date: 5/20/26
Forward starting dividend yield: 6.07%
Banner Corporation ($BANR) Raises Dividend By 4%
Banner Corporation is the parent company of Banner Bank.
Founded in 1890, Banner provides commercial banking services across Washington, Oregon, Idaho, and California.
Yesterday, the bank announced a 4% dividend increase.
Banner Corporation will now pay a $0.52/share quarterly dividend.
Ex-dividend date: 5/5/26
Payout date: 5/15/26
Forward starting dividend yield: 3.27%
International Business Machines Corporation ($IBM) Raises Dividend By 0.6%
Here’s a stock Peter Lynch was poking fun at 40 years ago.
International Business Machines Corporation is a global technology and consulting firm serving large enterprises and government clients. The company focuses on modernizing business operations, delivering enterprise-grade AI tools, and developing quantum computing systems.
IBM has paid consecutive quarterly dividends since 1916 and has raised its dividend for 31 straight years. That said, many of these increases have been token $0.01 bumps.
Dividend growth is slow, and IBM is often labeled a “legacy” tech business. But the valuation was low enough that shares surged during the AI boom, delivering a 122.73% total return over the past three years.
Recently, IBM announced a 0.6% dividend increase.
International Business Machines Corporation will now pay a $1.69/share quarterly dividend.
Ex-dividend date: 5/8/26
Payout date: 6/10/26
Forward starting dividend yield: 2.68%
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Thank you for reading, and have a great day!
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Disclaimer: This article is for entertainment purposes only. It is not financial advice, always do your own research.
