The new dividend rate translates to an annual payout of $2.22 per share. Based on the closing price of $78.48 last Thursday, the stock now offers an annual yield of approximately 2.83%, up from the previous 2.73%. This adjustment keeps the firm within an exclusive group of 58 companies that have raised their dividends annually for at least half a century, according to tracking data from Sure Dividend.
Shareholders on record as of June 30 will receive the increased payment on July 15. The steady climb in payouts underscores the company's financial consistency in a sector often defined by commodity price volatility.





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