In this article, I will go through the weekly dividend increases and cuts in popular and well-known stocks. (Member of The Dividend Champions or Canadian All-Star list)
Recently, 21 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.
Great-West Lifeco Inc. (GWO.TO)
Great-West Lifeco Inc., a financial services holding company,
engages in the life and health insurance, retirement and investment services,
asset management, and reinsurance businesses in Canada, the United States, and
Europe. The company offers a portfolio of financial and benefit plan solutions
for individuals, families, businesses, and organizations. The company was
founded in 1891 and is based in Winnipeg, Canada. Great-West Lifeco Inc. is a
subsidiary of Power Financial Corporation.
On November 15, GWO declared an additional dividend of C$0.052 per share. This additional dividend
results in a total quarterly common shareholders dividend of C$0.49 per share.
This is a 12% increase
from prior dividend of C$0.438.
Payable December 31
for shareholders of record December 3, ex-div December 2.
Aflac Incorporated (AFL)
Aflac Incorporated, through its subsidiaries, provides
supplemental health and life insurance products. It operates through two
segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer,
medical, income support, GIFT, and whole and term life insurance products, as
well as WAYS and child endowment plans under saving type insurance products in
Japan. The Aflac U.S. segment provides cancer, accident, short-term disability,
critical care, hospital indemnity, dental, vision, long-term care and
disability, and term and whole life insurance products in the United States. It
sells its products through sales associates, brokers, independent corporate
agencies, individual agencies, and affiliated corporate agencies. The company
was founded in 1955 and is headquartered in Columbus, Georgia.
On November 15, AFL declared a quarterly dividend of $0.40 per share.
This is a 21.2% increase
from prior dividend of $0.33.
Payable March 1 for
shareholders of record February 16 ex-div February 15.
Griffon Corporation (GFF)
Griffon Corporation, through its subsidiaries, engages in
the consumer and professional products, home and building products, and defense
electronics businesses primarily in the United States, Europe, Canada,
Australia, the United Kingdom, Mexico, and China. Its Consumer and Professional
Products segment manufactures and markets long-handled tools and landscaping
products for homeowners and professionals. The company was formerly known as
Instrument Systems Corporation and changed its name to Griffon Corporation in
June 1992. Griffon Corporation founded in 1959 and is headquartered in New
York, New York.
On November 16, GFF declared a quarterly dividend of $0.09 per share.
This is a 12.5%
increase from prior dividend of $0.08.
Payable December 16
for shareholders of record November 29 ex-div November 26.
SS&C Technologies Holdings, Inc. (SSNC)
SS&C Technologies Holdings, Inc., together with its
subsidiaries, provides software products and software-enabled services to
financial services and healthcare industries. The company owns and operates
technology stack across securities accounting, front-to-back-office operations,
performance and risk analytics, regulatory reporting, and healthcare
information processes. Its products and services allow professionals in the
financial services and healthcare industries to automate complex business
processes and are instrumental in helping its clients to manage information
processing requirements. SS&C
Technologies Holdings, Inc. was founded in 1986 and is headquartered in
Windsor, Connecticut.
On November 16, SSNC declared a quarterly dividend of $0.20 per share.
This is a 25.0%
increase from prior dividend of $0.16.
Payable December 15
for shareholders of record December 1 ex-div November 30.
Royal Gold, Inc. (RGLD)
Royal Gold, Inc., together with its subsidiaries, acquires
and manages precious metal streams, royalties, and related interests. It
focuses on acquiring stream and royalty interests or to finance projects that
are in production or in development stage in exchange for stream or royalty
interests, which primarily consists of gold, silver, copper, nickel, zinc,
lead, and cobalt. As of June 30, 2021, the company owned interests in 187
properties on five continents, including interests on 41 producing mines and 17
development stage projects. Its stream and royalty interests on properties are
located in the United States, Canada, Chile, the Dominican Republic, Australia,
Africa, Mexico, and internationally. Royal Gold, Inc. was incorporated in 1981
and is headquartered in Denver, Colorado.
On November 16, RGLD declared a quarterly dividend of $0.35 per share.
This is a 16.7%
increase from prior dividend of $0.30.
Payable January 21 for
shareholders of record January 7 ex-div January 6.
La-Z-Boy Incorporated (LZB)
La-Z-Boy Incorporated manufactures, markets, imports,
exports, distributes, and retails upholstery furniture products, accessories, and
casegoods furniture products in the United States, Canada, and internationally.
It operates through Wholesale and Retail segments. The company was formerly
known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated
in 1996. La-Z-Boy Incorporated was founded in 1927 and is based in Monroe,
Michigan.
On November 16, LZB declared a quarterly dividend of $0.165 per share.
This is a 10.0%
increase from prior dividend of $0.15.
Payable December 15
for shareholders of record December 2 ex-div December 1.
HP Inc. (HPQ)
HP Inc. provides personal computing and other access
devices, imaging and printing products, and related technologies, solutions,
and services in the United States and internationally. The company operates
through three segments: Personal Systems, Printing, and Corporate Investments.
The company was formerly known as Hewlett-Packard Company and changed its name
to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in
Palo Alto, California.
On November 16, HPQ declared a quarterly dividend of $0.25 per share.
This is a 31.6%
increase from prior dividend of $0.19.
Payable January 5 for
shareholders of record December 8 ex-div December 7.
Realty Income Corporation (O)
Realty Income, The Monthly Dividend Company, is an S&P
500 company dedicated to providing stockholders with dependable monthly income.
The company is structured as a REIT, and its monthly dividends are supported by
the cash flow from over 6,500 real estate properties owned under long-term lease
agreements with our commercial clients. To date, the company has declared 608
consecutive common stock monthly dividends throughout its 52-year operating
history and increased the dividend 109 times since Realty Income's public
listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend
Aristocrats index.
On November 16, O declared a monthly dividend of $0.246 per share.
This is a 4.2%
increase from prior dividend of $0.236.
Payable December 15
for shareholders of record December 1 ex-div November 30.
MVB Financial Corp. (MVBF)
MVB Financial Corp., together with its subsidiaries,
provides banking and mortgage products and services to individuals and
corporate clients in the United States. The company operates through three
segments: Commercial and Retail Banking; Mortgage Banking; and Financial
Holding Company. It offers various demand deposit accounts, savings accounts,
money market accounts, and certificates of deposit; and grants various types of
loans, including commercial and commercial real estate loans, residential real
estate loans, home equity lines of credit, and consumer loans. MVB Financial
Corp. was founded in 1997 and is headquartered in Fairmont, West Virginia.
On November 17, MVBF declared a quarterly dividend of $0.15 per share.
This is a 7.1%
increase from prior dividend of $0.14.
Payable December 15
for shareholders of record December 1 ex-div November 30.
Agilent Technologies, Inc. (A)
Agilent Technologies, Inc. provides application focused
solutions to the life sciences, diagnostics, and applied chemical markets
worldwide. The company markets its products through direct sales, distributors,
resellers, manufacturer's representatives, and electronic commerce. It has
collaboration agreement with SGS AXYS. The company was incorporated in 1999 and
is headquartered in Santa Clara, California.
On November 17, A declared a quarterly dividend of $0.21 per share.
This is an 8.2%
increase from prior dividend of $0.194.
Payable January 26 for
shareholders of record January 4 ex-div January 3.
American National Bankshares Inc. (AMNB)
American National Bankshares Inc. operates as the bank
holding company for American National Bank and Trust Company that provides
financial products and services in Virginia and North Carolina. The company
operates through two segments, Community Banking, and Trust and Investment
Services. It accepts deposit products, including checking, money market,
savings, and consumer and commercial time deposits, as well as certificates of
deposit. American National Bankshares
Inc. was founded in 1909 and is headquartered in Danville, Virginia.
On November 17, AMNB declared a quarterly dividend of $0.28 per share.
This is a 3.7%
increase from prior dividend of $0.27.
Payable December 17
for shareholders of record December 3 ex-div December 2.
Matthews International Corporation (MATW)
Matthews International Corporation provides brand solutions,
memorialization products, and industrial technologies worldwide. Matthews
International Corporation was founded in 1850 and is headquartered in
Pittsburgh, Pennsylvania.
On November 17, MATW declared a quarterly dividend of $0.22 per share.
This is a 2.28%
increase from prior dividend of $0.215.
Payable December 13
for shareholders of record November 29 ex-div November 26.
United Bancorp, Inc. (UBCP)
United Bancorp, Inc. operates as the bank holding company
for Unified Bank that provides commercial and retail banking services in Ohio.
It accepts demand, savings, and time deposits, as well as grants commercial,
commercial and residential real estate, and consumer loans. As of December 31,
2020, the company operated through a network of nineteen banking offices in
Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson, and Tuscarawas
Counties in Ohio, as well as Marshall and Ohio Counties in West Virginia and
the surrounding localities; and a loan production office in Wheeling, West
Virginia. United Bancorp, Inc. was founded in 1902 and is headquartered in
Martins Ferry, Ohio.
On November 18, UBCP declared a quarterly dividend of $0.15 per share.
This is a 1.7%
increase from prior dividend of $0.1475.
Payable December 20
for shareholders of record December 10 ex-div December 9.
Unity Bancorp, Inc. (UNTY)
Unity Bancorp, Inc. operates as the holding company for
Unity Bank that provides commercial and retail banking products and services to
individuals, small and medium sized businesses, and professional communities.
The company offers personal and business checking accounts, time deposits,
money market accounts, and regular savings accounts, as well as noninterest and
interest-bearing demand deposits. It also provides small business
administration loans; commercial loans; and residential mortgage and consumer
loans, including residential real estate, home equity lines and loans, and
consumer construction lines, as well as personal loans. As of December 31,
2020, the company offered its services through the Internet and nineteen branch
offices located in Bergen, Hunterdon, Middlesex, Somerset, Union, and Warren
counties in New Jersey, as well as Northampton County, Pennsylvania. Unity Bancorp,
Inc. was incorporated in 1991 and is headquartered in Clinton, New Jersey.
On November 18, UNTY declared a quarterly dividend of $0.10 per share.
This is an 11.9%
increase from prior dividend of $0.9.
Payable December 31
for shareholders of record December 17 ex-div December 16.
NIKE, Inc. (NKE)
NIKE, Inc., together with its subsidiaries, designs,
develops, markets, and sells athletic footwear, apparel, equipment, and
accessories worldwide. The company offers NIKE brand products in six
categories, including running, NIKE basketball, the Jordan brand, football,
training, and sportswear. It also markets products designed for kids, as well
as for other athletic and recreational uses, such as American football,
baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking,
wrestling, and other outdoor activities; and apparel with licensed college and
professional team, and league logos, as well as sells sports apparel. The
company was formerly known as Blue Ribbon Sports, Inc. and changed its name to
NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in
Beaverton, Oregon.
On November 18, NKE declared a quarterly dividend of $0.305 per share.
This is a 10.9%
increase from prior dividend of $0.275.
Payable December 28
for shareholders of record December 6 ex-div December 3.
Motorola Solutions, Inc. (MSI)
Motorola Solutions, Inc. provides mission critical
communications and analytics in the United States, the United Kingdom, Canada,
and internationally. The company operates in two segments, Products and Systems
Integration, and Services and Software. The Products and Systems Integration
segment offers a portfolio of infrastructure, devices, accessories, and video
security devices and infrastructure, as well as the implementation,
optimization, and integration of systems, devices, software, and applications
for government, public safety and first-responder agencies, municipalities, and
commercial and industrial customers. The company was formerly known as Motorola,
Inc. and changed its name to Motorola Solutions, Inc. in January 2011. Motorola
Solutions, Inc. was founded in 1928 and is headquartered in Chicago, Illinois.
On November 18, MSI declared
a quarterly dividend of $0.79 per share.
This is an 11.3%
increase from prior dividend of $0.71.
Payable January 14 for
shareholders of record December 15 ex-div December 14.
National Storage Affiliates Trust (NSA)
National Storage Affiliates Trust is a Maryland real estate
investment trust focused on the ownership, operation and acquisition of self
storage properties located within the top 100 metropolitan statistical areas
throughout the United States. As of September 30, 2020, the Company held
ownership interests in and operated 788 self storage properties located in 35
states and Puerto Rico with approximately 49.5 million rentable square feet.
NSA is one of the largest owners and operators of self storage properties among
public and private companies in the United States.
On November 18, NSA declared
a quarterly dividend of $0.45 per share.
This is a 9.8%
increase from prior dividend of $0.41.
Payable December 30
for shareholders of record December 15 ex-div December 14.
KeyCorp (KEY)
KeyCorp operates as the holding company for KeyBank National
Association that provides various retail and commercial banking products and
services in the United States. It operates in two segments, Consumer Bank and
Commercial Bank. The company offers various deposits, investment products and
services; and personal finance and financial wellness, student loan
refinancing, mortgage and home equity, lending, credit card, treasury, business
advisory, wealth management, asset management, cash management, portfolio
management, and trust and related services to individuals and small and
medium-sized businesses. The company was founded in 1849 and is headquartered
in Cleveland, Ohio.
On November 18, KEY declared
a quarterly dividend of $0.195 per share.
This is a 5.4%
increase from prior dividend of $0.185.
Payable December 15
for shareholders of record November 30 ex-div November 29.
Brown-Forman Corporation (BF.B)
Brown-Forman Corporation, together with its subsidiaries,
manufactures, distills, bottles, imports, exports, markets, and sells various
alcoholic beverages. It provides spirits, wines, whiskey spirits, whiskey-based
flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink
cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs. Brown-Forman
Corporation was founded in 1870 and is headquartered in Louisville, Kentucky.
On November 18, BF.B declared
a quarterly dividend of $0.1885 per share. Company also declared a special
dividend of $1 to be paid on the same date.
This is a 5.0%
increase from prior dividend of $0.1795.
Payable December 29
for shareholders of record December 3 ex-div December 2.
United Bankshares, Inc. (UBSI)
United Bankshares, Inc., a financial holding company,
primarily provides commercial and retail banking products and services in the
United States. It operates through two segments, Community Banking and Mortgage
Banking. The company accepts checking, savings, and time and money market
accounts; individual retirement accounts; and demand deposits, statement and
special savings, and interest-bearing checking accounts. Its loan products include
commercial loans and leases; construction and real estate loans; personal,
credit card, commercial, and floor plan loans; and credit card and home equity
loans. United Bankshares, Inc. was incorporated in 1982 and is headquartered in
Charleston, West Virginia.
On November 19, UBSI declared a
quarterly dividend of $0.36 per share.
This is a 2.9%
increase from prior dividend of $0.35.
Payable January 3 for
shareholders of record December 2 ex-div December 1.
City Holding Company (CHCO)
City Holding Company operates as a holding company for City
National Bank of West Virginia that provides various banking, trust and
investment management, and other financial solutions in the United States. The
company offers checking, savings, and money market accounts, as well as
certificates of deposit and individual retirement accounts. The company
operates through a network of 94 branches and 926 full-time equivalent
associates in West Virginia, Virginia, Kentucky, and Ohio. City Holding Company
was founded in 1957 and is headquartered in Charleston, West Virginia.
On November 19, CHCO declared a
quarterly dividend of $0.60 per share.
This is a 2.9%
increase from prior dividend of $0.58.
Payable January 31 for
shareholders of record January 14 ex-div January 13.
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