Humana (HUM) will raise its quarterly dividend by 12.0 percent to 70 cents per share in 2021. This follows last year's 13.6 percent to $0.625 per share in the first quarter of 2020. Humana has now hiked its dividend 10 consecutive years.

The next dividend will be paid on April 30, 2021 to shareholders of record on March 31, 2021. A new annualized dividend rate of $2.80 per share yields 0.7% at a stock price of $378.

Humana Inc. is a health and well-being company. Humana offers coordinated health care to employer groups, government-sponsored plans, and individuals through its clinical capabilities, resources and tools, such as in home care, behavioral health, pharmacy services, data analytics and wellness solutions. Humana Inc. was organized as a Delaware corporation in 1964 and became a public company in 1971. The company has paid a dividend every since 2011.