The Dynamic Dividend

Family Dollar Extends Streak with 16% Dividend Hike

Family Dollar Stores, Inc. (FDO) declared a quarterly dividend of $0.18 per share today, a 16.1% improvement over the $0.155 paid each of the last four quarters by the discount retailer. This is the 35th consecutive year the company has raised its dividend.

Shares of FDO are trading at $44.14 (+0.98%) this afternoon, where they now feature a 1.63% dividend yield.

Family Dollar has never had to rely on weak dividend hikes to keep the streak alive during tough economic times, unlike most companies with similar records. Over the last twenty years, the company has never increased its dividend by less than 8% year-over-year.

I have updated my Dividend Aristocrats page to reflect this increase.