November 7, 2021

Dividend Increases Week 44, 2021

 



In this article, I will go through the weekly dividend increases and cuts in popular and well-known stocks.

 

Recently, 15 popular companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period.

 

The table below summarises the dividend change announcements.  The table shows the current dividend, the new dividend and the percentage increase (%). Dividends are shown on an annual basis and in US dollars unless otherwise stated. Yield is the new dividend yield of the most recent price, and Years is the years of consecutive dividend increases.


* Canadian Dollars


 

Fidelity National Financial, Inc.         (FNF)

Fidelity National Financial, Inc., together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty insurance. Fidelity National Financial, Inc. was founded in 1847 and is headquartered in Jacksonville, Florida.

 

  • On November 2, FNF declared a quarterly dividend of $0.44 per share.
  • This is a 26.5% increase from prior dividend of $0.34. 
  • Payable December 31 for shareholders of record December 17, ex-div December 16.

 

 

CubeSmart        (CUBE)

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

 

  • On November 2, CUBE declared a quarterly dividend of $0.43 per share.
  • This is a 10% increase from prior dividend of $0.40. 
  • Payable January 18 for shareholders of record January 3, ex-div December 30.

 

CDW Corporation       (CDW)

CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. CDW Corporation was founded in 1984 and is based in Lincolnshire, Illinois.

 

  • On November 3, DKL declared a quarterly dividend of $0.50 per share.
  • This is a 25% increase from prior dividend of $0.40. 
  • Payable December 10 for shareholders of record November 24, ex-div November 23.

 

Emerson Electric Co.     (EMR)

Emerson Electric Co. designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. It operates through Automation Solutions and Commercial & Residential Solutions segments. The company was formerly known as The Emerson Electric Manufacturing Company and changed its name to Emerson Electric Co. in 2000. Emerson Electric Co. was founded in 1890 and is headquartered in St. Louis, Missouri.

 

  • On November 3, EMR declared a quarterly dividend of $0.515 per share.
  • This is a 2% increase from prior dividend of $0.505. 
  • Payable December 10 for shareholders of record November 12, ex-div November 10. 

 

Huntington Ingalls Industries, Inc.    (HII)

Huntington Ingalls Industries, Inc. engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships expeditionary warfare ships surface combatants and national security cutters for the U.S. Navy and U.S. Coast Guard. Huntington Ingalls Industries, Inc. was founded in 1886 and is headquartered in Newport News, Virginia. 

 

  • On November 3, LNC declared a quarterly dividend of $1.18 per share.
  • This is a 3.5% increase from prior dividend of $1.14. 
  • Payable December 10 for shareholders of record November 26, ex-div November 24.

 

Lincoln National Corporation   (LNC)

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. Lincoln National Corporation was founded in 1905 and is based in Radnor, Pennsylvania.

 

  • On November 3, LNC declared a quarterly dividend of $0.45 per share.
  • This is a 7.1% increase from prior dividend of $0.42. 
  • Payable February 1 for shareholders of record January 10, ex-div January 7.

 

 

Becton, Dickinson and Company   (BDX)

Becton, Dickinson and Company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products worldwide. Becton, Dickinson and Company was founded in 1897 and is based in Franklin Lakes, New Jersey.

 

  • On November 4, BDX declared a quarterly dividend of $0.87 per share.
  • This is a 4.8% increase from prior dividend of $0.83. 
  • Payable December 31 for shareholders of record December 10, ex-div December 9.

 

Canadian Natural Resources Limited   (CNQ)

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.

 

  • On November 4, CNQ declared a quarterly dividend of C$0.5875 per share.
  • This is a 25% increase from prior dividend of C$0.47. 
  • Payable January 5 for shareholders of record December 10, ex-div December 9.   

 

AmerisourceBergen Corporation  (ABC)

AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers. AmerisourceBergen Corporation was founded in 1985 and is headquartered in Conshohocken, Pennsylvania. 

 

  • On November 4, ABC declared a quarterly dividend of $0.46 per share.
  • This is a 4.5% increase from prior dividend of $0.44. 
  • Payable November 29 for shareholders of record November 15, ex-div November 12.

 

Cogent Communications Holdings, Inc.   (CCOI)

Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Asia, South America, Australia, and Africa. Cogent Communications Holdings, Inc. was founded in 1999 and is headquartered in Washington, the District of Columbia.

 

  • On November 4, CCOI declared a quarterly dividend of $0.83 per share.
  • This is a 3.1% increase from prior dividend of $0.805. 
  • Payable December 3 for shareholders of record November 19, ex-div November 18.

 

Snap-on Incorporated    (SNA)

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments. Snap-on Incorporated was founded in 1920 and is based in Kenosha, Wisconsin.

 

  • On November 4, SNA declared a quarterly dividend of $1.42 per share.
  • This is a 15.4% increase from prior dividend of $1.23. 
  • Payable December 10 for shareholders of record November 19, ex-div November 18.

 

 

Air Lease Corporation     (AL)

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of new commercial jet aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, airlines, and other investors. In addition, it provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2020, the company owned a fleet of 332 aircraft, including 236 narrowbody aircraft and 96 widebody aircraft. Air Lease Corporation was incorporated in 2010 and is headquartered in Los Angeles, California.

 

  • On November 4, AL declared a quarterly dividend of $0.185 per share.
  • This is a 15.6% increase from prior dividend of $1.60. 
  • Payable January 5 for shareholders of record December 17, ex-div December 16. 

 

Pinnacle West Capital Corporation      (PNW)

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. The company was incorporated in 1985 and is headquartered in Phoenix, Arizona.

 

  • On November 4, PNW declared a quarterly dividend of $0.85 per share.
  • This is a 2.4% increase from prior dividend of $0.83. 
  • Payable December 1 for shareholders of record November 16, ex-div November 15.

 

TELUS Corporation    (TU)

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Wireless and Wireline segments. TELUS Corporation was founded in 1993 and is headquartered in Vancouver, Canada.

 

  • On November 5, TU declared a quarterly dividend of C$0.3274 per share.
  • This is a 3.5% increase from prior dividend of C$0.3162. 
  • Payable January 4 for shareholders of record December 10, ex-div December 9.

 

Manulife Financial Corporation     (MFC)

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, and internationally. The company operates through Wealth and Asset Management Businesses Insurance and Annuity Products And Corporate and Other segments. Manulife Financial Corporation was incorporated in 1887 and is headquartered in Toronto, Canada.

 

  • On November 5, MFC declared a supplementary quarterly dividend of C$0.5 per share. This supplementary dividend results in a total quarterly common shareholders dividend of $0.33 per share
  • This is a 18% increase from prior dividend of C$0.28. 
  • Payable December 20 for shareholders of record December 1, ex-div November 30.

 


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