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Good morning.
The market may be closed today, but dividend raises are still pouring in. We’ve got a premium stock declaring an inflation-beating increase and a building materials supplier hiking its payout by almost 4%.
Also, a seldom-discussed company that is up over 600% from its Pandemic lows is announcing its latest payout.
Let’s start with the biggest raise.
Fastenal Company ($FAST) Raises Dividend By 9.1%
Fastenal Company distributes nuts, bolts, screws, and other industrial and construction supplies. A lucrative business model that has allowed the company to deliver a market-beating 10-year average annual total return of 20.01%.
As an income investment, Fastenal has paid dividends every year since 1991 and has also issued special dividends in 2008, 2012, 2020, and 2023.
Recently, Fastenal announced its latest dividend increase of 9.1%.
Fastenal Company will now pay a $0.24/share quarterly dividend.
Ex-dividend date: 1/29/26
Payout date: 2/26/26
Forward starting dividend yield: 2.19%
Apogee Enterprises, Inc. ($APOG) Raises Dividend By 3.8%
Apogee Enterprises, Inc. designs and installs high-performance glass and metal systems.
The company’s products include architectural glass and framing systems used in skyscrapers and modern buildings.
Founded in 1949, Apogee has raised its dividend for 14 consecutive years.
Last week, the company announced a 3.8% increase.
Apogee Enterprises, Inc. will now pay a $0.27/share quarterly dividend.
Ex-dividend date: 2/3/26
Payout date: 2/18/26
Forward starting dividend yield: 3.04%
Tanger Inc. ($SKT) Declares $0.2925 Dividend
Tanger Inc. owns and operates outlet malls across the United States and Canada. Its portfolio includes 38 outlet centers and three open-air lifestyle centers totaling more than 16 million square feet.
The stock was crushed during the 2020 pandemic, falling below $4.50 per share. Since then, Tanger has rebounded 689%, dividends excluded.
The company recently announced its latest dividend payment.
Tanger Inc. will pay a $0.2925/share quarterly dividend, in-line with the previous.
Ex-dividend date: 1/30/26
Payout date: 2/13/26
Forward starting dividend yield: 3.49%
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Disclaimer: This article is for entertainment purposes only. It is not financial advice, always do your own research.
