Headlines
PSX - Phillips 66 hikes dividend by 9.5% AOS - A.O. Smith hikes dividend by 6.7% to $0.32 quarterly per share LMT - Lockheed Martin hikes dividend by 5% to $3.15 quarterly per share MCD - McDonald's hikes dividend by 9.9% to $1.67 quarterly per share AFG - American Financial Group hikes dividend by 12.7% to $0.71 quarterly HON - Honeywell hikes dividend by 4.9% to $1.08 quarterly per share HWM - Howmet Aerospace hikes dividend by 25% to $0.05 quarterly per share CNP - Centerpoint Energy hikes dividend by 5.3% to $0.20 quarterly per share FE - FirstEnergy Corp hikes dividend by 5.1% to $0.41 quarterly per share TXN - Texas Instruments hikes dividend by 4.8% to $1.30 quarterly per share SBUX - Starbucks hikes dividend by 7.5% to $0.57 quarterly per share MSFT - Microsoft hikes dividend by 10.3% to $0.75 quarterly per share KDP - Keurig Dr Pepper hikes dividend by 7.5% to $0.215 quarterly per share O - Realty Income hikes monthly dividend by 0.2% to $0.256 per share EG - Everest Group hikes dividend by 6.1% to $1.75 quarterly per share

Dividend Hike

Valvoline ticker dps (an.) 2024 hike 2023 hike 2022 hike
VVV N/A N/A N/A N/A
Business yield Hike yrs 5 yr CAGR freq. paid since
N/A N/A N/A N/A N/A N/A

Valvoline (VVV) will raise its quarterly dividend by 52 percent to $0.0745 per share. Its the first dividend increase for VVV since the company initiated a $0.049 quarterly dividend in December 2016.            

“The substantial growth in our dividend shows the confidence that the Board and management have in Valvoline’s strong cash flow generation,” said Chief Executive Officer, Sam Mitchell. “Just as important, growing our dividend represents our commitment to returning capital to shareholders.”

The increased dividend will be paid on December 15, 2017 to shareholders of record on December 1, 2017. The new dividend yield for VVV is 1.3%.

Valvoline Inc. is a producer and distributor of automotive, commercial and industrial lubricants, and automotive chemicals. The company operates and franchises Valvoline Instant Oil Change centers in the United States. It also markets Valvoline lubricants and automotive chemicals, MaxLife lubricants, SynPower synthetic motor oil and Zerex antifreeze. Valvoline was spun off from Ashland Global Holdings (ASH) in 2016.

Valvoline

2020 Valvoline hikes dividend by 10.6%
2019 Valvoline hikes dividend by 6.6%
2018 Valvoline hikes dividend by 42.3%
2017 Valvoline hikes dividend by 52%

Materials

2023 RPM International hikes dividend by 9.5% to $0.46 quarterly per share
2023 Westlake Corp hikes dividend by 40.1% to $0.50 quarterly in 2023
2023 Hawkins hikes dividend by 6.7% to $0.16 quarterly in 2023
2023 LyondellBasell hikes dividend by 5% to $1.25 quarterly in 2023

Dividend Calendar

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