Hershey As of November 25, 2020 ticker dps (an.) 2020 hike 2019 hike 2018 hike
HSY $3.22 4.0% 7.1% 10.1%
Business yield Hike yrs 5 yr CAGR freq. paid since
Chocolate & Confectionary 2.2% 11 6.6% Quarter 1929
1 views
Hershey has paid a dividend for many decades and currently pays $666 million annually to shareholders © dividendhike.com
Hershey has paid a dividend for many decades and currently pays $666 million annually to shareholders © dividendhike.com

The Hershey Company (HSY) will raise its quarterly dividend by exactly 4.0 percent to $0.804 per share in 2020. Last year the chocolate and non-chocolate confectionery manufacturer hiked its quarterly dividend by 7.1 percent. This year's increase will mark the 11th consecutive year of dividend increases by Hershey.

The next dividend is payable September 15, 2020, to stockholders of record August 21, 2020. The new annual dividend of $3.20 per share for HSY yields 2.2% at a stock price of $146.

In its press release announcing this dividend hike Hershey states that it is the 363rd consecutive regular dividend on the Common Stock and the 144th consecutive regular dividend on the Class B Common Stock.

The Hershey Company has raised its dividend by an average of 6.6 percent annually in the last five years. This dividend hike however is the smallest announced by the company since 2009, when the dividend was kept unchanged for the second consecutive year. The biggest dividend hike was announced in 2012, when Hershey raised its dividend by 21.7 percent.

The company now pays a record amount of $666 million annually in dividends to shareholders. At a stock price of $145.68 Hershey stock has lost 0.9 percent year-to-date resulting in a market cap of $30.3 billion for the company.

Earlier this week Hershey peer J.M. Smucker Company announced a 2.3 percent dividend hike. Another well known chocolate maker is Mondelez International, known for brands such as Cadbury, Côte d'Or, Milka and Oreo.

The Hershey Company is a global chocolate and non-chocolate confectionery manufacturer. Hershey's products include chocolate, sweets, mints, gum and other snacks such as spreads, meat snacks, bars and snack bites and mixes, popcorn and protein bars and cookies. The company's brands include Hershey’s, Reese’s, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat®, Lancaster, Payday, Rolo®, Twizzlers, Whoppers and York. Hershey's gum and mint products include Ice Breakers mints and chewing gum, Breathsavers mints and Bubble Yum bubble gum. Other brands are Krave meat snack products, Popwell half-popped corn snacks, ready-to-eat SkinnyPop popcorn, baked and trans fat free Pirate's Booty snacks and Oatmega and Paqui. Hershey was incorporated under the laws of the State of Delaware on October 24, 1927 as a successor to a business founded in 1894 by Milton S. Hershey.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Nov 27 AIZ 1.9% 4.8%
Nov 27 DOV 1.6% 1.0%
Nov 27 DD 1.8% 0.0%
Nov 27 SLG 5.8% 0.0%
Nov 27 NOC 1.9% 9.8%
Nov 27 DOW 5.0% 0.0%
Nov 27 ATO 2.5% 8.7%
Nov 27 ALL 2.1% 8.0%
Nov 27 CSX 1.1% 8.3%
Nov 27 NWL 4.3% 0.0%