Oxford Industries (OXM) will hike its dividend by another 13.5 percent to 42 cents quarterly. This is the second dividend hike by OXM announced in 2021 for a total increase of 68 percent. Last year the dividend was cut by 32.4 percent.

The next dividend is payable on July 30, 2021 to shareholders of record as of the close of business on July 16, 2021. A new annualized dividend rate of $1.68 per share yields 1.6% at a stock price of $102.

Apparel company Oxford Industries, Inc. owns and markets the Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands. Oxford also produces certain licensed and private label apparel products. Oxford's stock has traded on the New York Stock Exchange since 1964 under the symbol OXM. The Company has paid dividends every quarter since it became publicly owned in 1960.