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The Daily Dividend 6/27/25

June 27, 2025

Raises, raises, raises.

That’s the theme in today’s dispatch.

We’ve got a major retailer delivering an inflation-beating dividend raise. A stock with a funny name hiking its payments by 17.6%. And, an over-the-counter regional bank is boosting their payout by 10.5%.

Let’s start with the most recognizable name first…

The Kroger Co. ($KR) Raises Dividend By 9.4%

The Kroger Co. is the largest supermarket operator in the United States. The company owns a plethora of grocery store brands including: Ralphs, Mariano's, Kroger, and Fred Meyer.

The company has raised its dividend every year for the past 19 years. And yesterday morning, Kroger announced a 9.4% dividend hike.

The Kroger Co. will now pay a $0.35/share quarterly dividend.

  • Ex-dividend date: 8/15/25 

  • Payout date: 9/1/25

  • Forward starting dividend yield: 1.94%

AZZ Inc. ($AZZ) Raises Dividend By 17.6%

Contrary to what you might assume from this company’s name and ticker symbol, Azz Inc. is not a publicly traded strip club.

Azz Inc. provides hot-dip galvanizing coating and other metal coating services to steel mills and other production industries. Azz operates 60 facilities across the United States and Canada and is North America’s largest galvanizer.

Yesterday afternoon, the company announced a 17.6% dividend raise.

Azz Inc. will now pay a $0.20/share quarterly dividend.

  • Ex-dividend date: 7/10/25

  • Payout date: 7/31/25

  • Forward starting dividend yield: 0.86%

Bank of South Carolina Corporation ($BKSC) Raises Dividend By 10.5%

A regional, over-the-counter banking stock that’s paid uninterrupted dividends for the past 35 years? That’s Bank of South Carolina Corporation.

Bank of South Carolina Corporation provides financial services including savings accounts, mortgages, and commercial loans. And this company operates in the Charleston, Berkeley, and Dorchester counties of South Carolina.

Yesterday morning, Bank of South Carolina Corporation announced a 10.5% dividend raise.

The company will now pay a $0.21/share quarterly dividend.

  • Ex-dividend date: 7/8/25

  • Payout date: 7/31/25

  • Forward starting dividend yield: 6.0%

Thank you for reading and have a fantastic weekend!