Dividend Increases Week 47, 2021



 

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.

 

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