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, 5 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.
Hormel Foods Corporation (HRL)
Hormel Foods Corporation produces and markets various meat
and food products to retail, foodservice, deli, and commercial customers in the
United States and internationally. The company operates through four segments:
Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International
& Other. It offers various perishable meat products, including fresh meats,
frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and
bacons; and shelf-stable products, such as canned luncheon meats, peanut
butters, chilies, shelf-stable microwaveable meals, hashes, stews, meat
spreads, flour and corn tortillas, salsas, tortilla chips, and other products.
The company was formerly known as Geo. A. Hormel & Company and changed its
name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was
founded in 1891 and is headquartered in Austin, Minnesota.
On November 22, HRL declared a quarterly dividend of $0.26 per share.
This is a 6.1%
increase from prior dividend of $0.245.
Payable February 15
for shareholders of record January 18 ex-div February 14.
South Jersey Industries, Inc. (SJI)
South Jersey Industries, Inc., through its subsidiaries,
provides energy-related products and services. The company engages in the
purchase, transmission, and sale of natural gas. It also sells natural gas and pipeline
transportation capacity on a wholesale basis to residential, commercial, and
industrial customers on the interstate pipeline system, as well as transports
natural gas purchased directly from producers or suppliers to customers. As of
December 31, 2020, the company had approximately 146.7 miles of mains in the
transmission system and 6,771 miles of mains in the distribution system; and
served 404,886 residential, commercial, and industrial customers in southern
New Jersey. The company was founded in 1910 and is headquartered in Folsom, New
Jersey.
On November 22, SJI declared a quarterly dividend of $0.31 per share.
This is a 2.5%
increase from prior dividend of $0.3025.
Payable December 29
for shareholders of record December 10 ex-div December 9.
The York Water Company (YORW)
The York Water Company impounds, purifies, and distributes
drinking water. It owns and operates two wastewater collection systems; five
wastewater collection and treatment systems; and two reservoirs, including Lake
Williams and Lake Redman, which hold approximately 2.2 billion gallons of
water. The company also operates a 15-mile pipeline from the Susquehanna River
to Lake Redman; and owns nine groundwater wells that supply water to customers
in the Adams County. The York Water Company was incorporated in 1816 and is
based in York, Pennsylvania.
On November 23, YORW declared a quarterly dividend of $0.1949 per share.
This is a 4.0%
increase from prior dividend of $0.1874.
Payable January 14 for
shareholders of record December 31 ex-div December 29.
Hingham Institution for Savings (HIFS)
Hingham Institution for Savings provides various financial
products and services to individuals and businesses in the United States. It
offers savings, checking, money market, demand deposit, and negotiable order of
withdrawal accounts, as well as certificates of deposit. The company also
provides commercial and residential real estate, construction, home equity,
commercial, and consumer loans. In addition, it offers ATMs, debit cards, and
Internet-based banking services. The company offers its services through a
network of eight offices in Boston and southeastern Massachusetts; and
commercial lenders and relationship managers in Washington. Hingham Institution
for Savings was incorporated in 1834 and is headquartered in Hingham,
Massachusetts.
On November 23, HIFS declared a quarterly dividend of $0.55 per share. In addition to the regular
quarterly dividend, the Bank's Board of Directors announced that it will pay a
special dividend of $0.75 per share.
This is a 3.8%
increase from prior dividend of $0.53.
Payable January 12 for
shareholders of record January 3 ex-div December 30.
Farmers National Banc Corp. (FMNB)
Farmers National Banc Corp., a financial holding company,
operates in the banking, trust, retirement consulting, insurance, and financial
management industries. It offers commercial and retail banking services,
including checking, savings, and time deposit accounts; commercial, mortgage
and installment, and home equity loans; home equity lines of credit, night
depository, safe deposit box, money order, bank check, automated teller
machine, Internet banking, travel card, E bond transaction, MasterCard and Visa
credit cards, brokerage, and other services. The company also provides personal
and corporate trust services in the areas of estate settlement, trust
administration, and employee benefit plans; retirement services; property and
casualty insurance products and services; and various insurance products
through licensed representatives, as well as invests in municipal securities.
It operates through forty locations in northeastern region of Ohio and one
location in southwestern Pennsylvania. The company was founded in 1887 and is
headquartered in Canfield, Ohio.
On November 24, FMNB declared a quarterly dividend of $0.14 per share.
This is a 27.3%
increase from prior dividend of $0.11.
Payable December 31
for shareholders of record January 10 ex-div December 9.
Comments
Post a Comment