In this article, I will go through the weekly dividend
increases and cuts in popular and well-known stocks.
Recently, 8 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.
Sun Life Financial Inc. (SLF)
Sun Life Financial Inc., a financial services company,
provides insurance, wealth, and asset management solutions to individuals and
corporate clients worldwide. It offers term and permanent life, as well as
health, dental, critical illness, long-term care, and disability insurance
products. The company also provides reinsurance products; investment
counselling and portfolio management services; mutual funds and segregated
funds; trust and banking services; real estate property brokerage and appraisal
services; and merchant banking services. The company was founded in 1871 and is
headquartered in Toronto, Canada.
On November 8, SLF declared a supplemental dividend of C$0.11 per share. This supplementary
dividend results in a total quarterly common shareholders dividend of C$0.66
per share
This is a 20% increase
from prior dividend of C$0.55.
Payable December 31
for shareholders of record November 24, ex-div November 23.
D.R. Horton, Inc. (DHI)
D.R. Horton, Inc. operates as a homebuilding company in
East, Midwest, Southeast, South Central, Southwest, and West regions in the
United States. It engages in the acquisition and development of land; and
construction and sale of homes in 29 states and 88 markets under the names of
D.R. Horton, America’s Builder, Express Homes, Emerald Homes, and Freedom
Homes. The company primarily serves homebuyers. D.R. Horton, Inc. was founded
in 1978 and is based in Arlington, Texas.
On November 9, DHI declared a quarterly dividend of $0.225 per share.
This is a 12.5%
increase from prior dividend of $0.20.
Payable December 15
for shareholders of record December 6 ex-div December 3.
Automatic Data Processing, Inc. (ADP)
Automatic Data Processing, Inc. provides cloud-based human
capital management solutions worldwide. It operates in two segments, Employer
Services and Professional Employer Organization (PEO). The Employer Services
segment offers strategic, cloud-based platforms, and human resources (HR)
outsourcing solutions. Its offerings include payroll, benefits administration,
talent management, HR management, workforce management, insurance, retirement,
and compliance services. The PEO Services segment provides HR outsourcing
solutions to small and mid-sized businesses through a co-employment model. This
segment offers benefits package, protection and compliance, talent engagement,
comprehensive outsourcing, and recruitment process outsourcing services. The
company was founded in 1949 and is headquartered in Roseland, New Jersey.
On November 10, ADP declared a quarterly dividend of $1.04 per share.
This is a 12% increase
from prior dividend of $0.93.
Payable January 1 for
shareholders of record December 10 ex-div December 9.
Assurant, Inc. (AIZ)
Assurant, Inc., together with its subsidiaries, provides
lifestyle and housing solutions that support, protect, and connect consumer
purchases in North America, Latin America, Europe, and the Asia Pacific. The
company operates through three segments: Global Lifestyle, Global Housing, and
Global Preneed. The company was formerly known as Fortis, Inc. and changed its
name to Assurant, Inc. in February 2004. Assurant, Inc. was founded in 1892 and
is headquartered in New York, New York.
On November 10, AIZ declared a quarterly dividend of $0.68 per share.
This is a 12% increase
from prior dividend of $0.66.
Payable December 20
for shareholders of record November 29 ex-div November 26.
Roper Technologies, Inc. (ROP)
Roper Technologies, Inc. designs and develops software, and
engineered products and solutions. The company offers management, campus
solutions, laboratory information management, enterprise management,
information solutions, transportation management, financial and compliance
management, cloud-based financial analytics and performance management, and
diagnostic and laboratory information system software; and software, services,
and technologies for foodservice operations. The company was incorporated in
1981 and is based in Sarasota, Florida.
On November 10, ROP declared a quarterly dividend of $0.62 per share.
This is a 10.2%
increase from prior dividend of $0.56.
Payable January 24 for
shareholders of record January 10 ex-div January 7.
Lancaster Colony Corporation (LANC)
Lancaster Colony Corporation manufactures and markets food
products for the retail and foodservice markets in the United States. The
company operates in two segments, Retail and Foodservice. The company sells its
products through sales personnel, food brokers, and distributors to retailers
and restaurants. Lancaster Colony Corporation was incorporated in 1961 and is
based in Westerville, Ohio.
On November 10, LANC declared a quarterly dividend of $0.80 per share.
This is a 10.2%
increase from prior dividend of $0.75.
Payable December 31
for shareholders of record December 6 ex-div December 3.
Atmos Energy Corporation (ATO)
Atmos Energy Corporation, together with its subsidiaries,
engages in the regulated natural gas distribution, and pipeline and storage
businesses in the United States. It operates in two segments, Distribution, and
Pipeline and Storage. The Distribution segment is involved in the regulated
natural gas distribution and related sales operations in eight states. This
segment distributes natural gas to approximately three million residential,
commercial, public authority, and industrial customers. Atmos Energy
Corporation was founded in 1906 and is headquartered in Dallas, Texas.
On November 10, ATO declared a quarterly dividend of $0.68 per share.
This is a 10.2%
increase from prior dividend of $0.625.
Payable December 13
for shareholders of record November 29 ex-div November 26.
MDU Resources Group, Inc. (MDU)
MDU Resources Group, Inc. engages in the regulated energy
delivery, and construction materials and services businesses in the United
States. The company was founded in 1924 and is headquartered in Bismarck, North
Dakota.
On November 11, MDU declared a quarterly dividend of $0.2175 per share.
This is a 10.2%
increase from prior dividend of $0.2125.
Payable January 1 for
shareholders of record December 9 ex-div December 8.
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