Pool Corporation (POOL) will raise its quarterly dividend by a whopping 37.9 percent to 80 cents per share in 2021. This follows a dividend hike of 5.0 percent to $0.58 per share in 2020 and marks 11 straight years of dividend increases by the swimming pool specialist.

The next dividend will be payable on May 28, 2021, to holders of record on May 17, 2021. A new annualized rate of $3.20 per share yields 0.7% at a stock price of $436.

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company's customers include swimming pool remodelers and builders; specialty retailers that sell swimming pool supplies; swimming pool repair and service businesses; irrigation construction and landscape maintenance contractors, and golf courses and other commercial customers. The company has been paying a dividend to shareholders every year since 2004.