Natural Grocers By Vitamin Cottage Inc (NGVC) has announced its first dividend hike since a dividend was initiated in 2019. The quarterly payment will jump from 7 cents to 10 cents per share. Last year NGVC already paid a special cash dividend of $2.00 per share after the retailer started paying a quarterly dividend of $0.07 per share of common stock in 2019 as mentioned above.

At a stock price of $13.38 an indicated annual dividend rate of 40 cents per share for NGVC translates into an estimated dividend yield of 3.0%. The next 10 cent quarterly dividend will be paid on December 16, 2020 to all Natural Grocers stockholders of record at the close of business on November 29, 2021. 

Natural Grocers by Vitamin Cottage, Inc. is a specialty retailer of natural and organic groceries, body care products, and dietary supplements. The company also provides extensive free science-based nutrition education programs to help customers make informed health and nutrition choices. The company's stores offer a selection of natural and organic groceries and dietary supplements in a smaller-store format that aims to provide a convenient, easily shopped and relaxed environment for customers. Natural Grocers was founded in 1955 by Margaret and Philip Isely with the first store opened in 1958.