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, 27 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.
Four Corners Property Trust, Inc. (FCPT)
Four Corners Property Trust (NYSE:FCPT) is among the
nation’s leading owners of restaurant and retail real estate. With a strong and
proven portfolio of 886 properties located across 46 states, the Company is
positioned to grow and further diversify its portfolio.
On November 29, FCPT declared a quarterly dividend of $0.3325 per share.
This is a 4.7%
increase from prior dividend of $0.3175.
Payable January 14 for
shareholders of record January 3 ex-div December 30.
RGC Resources, Inc. (RGCO)
RGC Resources, Inc., through its subsidiaries, operates as
an energy services company. The company sells and distributes natural gas to
residential, commercial, and industrial customers in Roanoke, Virginia, and the
surrounding localities. It also provides various unregulated services. The
company operates approximately 1,144 miles of transmission and distribution
pipeline; and a liquefied natural gas storage facility, as well as owns and
operates 9 metering stations. RGC Resources, Inc. was founded in 1883 and is
based in Roanoke, Virginia.
On November 29, RGCO declared a quarterly dividend of $0.195 per share.
This is a 5.4%
increase from prior dividend of $0.185.
Payable February 1 for
shareholders of record January 18 ex-div January 14.
The Bank of Nova Scotia (BNS)
The Bank of Nova Scotia provides various banking products
and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the
Caribbean and Central America, and internationally. It operates through
Canadian Banking, International Banking, Global Banking and Markets, and Global
Wealth Management segments. The Bank of Nova Scotia was founded in 1832 and is
headquartered in Halifax, Canada.
On November 30, BNS declared a quarterly dividend of CAD1.00 per share.
This is an 11.1%
increase from prior dividend of CAD0.90.
Payable January 27 for
shareholders of record January 4 ex-div January 3.
Merck & Co., Inc. (MRK)
Merck & Co., Inc. operates as a healthcare company
worldwide. It operates through two segments, Pharmaceutical and Animal Health.
The Pharmaceutical segment offers human health pharmaceutical products in the
areas of oncology, hospital acute care, immunology, neuroscience, virology,
cardiovascular, diabetes, and women’s health, as well as vaccine products. The
Animal Health segment discovers, develops, manufactures, and markets veterinary
pharmaceuticals, vaccines, and health management solutions and services, as
well as digitally connected identification, traceability, and monitoring
products. Merck & Co., Inc. was founded in 1891 and is headquartered in
Kenilworth, New Jersey.
On November 30, MRK declared a quarterly dividend of $0.65 per share.
This is a 6.2%
increase from prior dividend of $0.69.
Payable January 7 for
shareholders of record December 15 ex-div December 14.
Mastercard Incorporated (MA)
Mastercard Incorporated, a technology company, provides
transaction processing and other payment-related products and services in the
United States and internationally. It facilitates the processing of payment
transactions, including authorization, clearing, and settlement, as well as
delivers related products and services. The company offers integrated products
and services for account holders, merchants, financial institutions,
businesses, governments, and other organizations, such as programs that enable
issuers to provide consumers with credits to defer payments; payment products
and solutions that allow its customers to access funds in deposit and other
accounts; prepaid payment programs and management services; and commercial
credit and debit payment products and solutions. Mastercard Incorporated was
founded in 1966 and is headquartered in Purchase, New York.
On November 30, MA declared a quarterly dividend of $0.49 per share.
This is an 11.4%
increase from prior dividend of $0.44.
Payable February 9 for
shareholders of record January 7 ex-div January 6.
McCormick & Company, Incorporated (MKC)
McCormick & Company, Incorporated manufactures, markets,
and distributes spices, seasoning mixes, condiments, and other flavorful
products to the food industry. The company operates in two segments, Consumer
and Flavor Solutions. The Consumer segment offers rice, spices, herbs, and
seasonings, as well as desserts. The Flavor Solutions segment offers seasoning
blends, spices and herbs, condiments, coating systems, and compound flavors to
multinational food manufacturers and foodservice customers. It serves
foodservice customers directly and indirectly through distributors. The company
was founded in 1889 and is headquartered in Hunt Valley, Maryland.
On November 30, MKC declared a quarterly dividend of $0.37 per share.
This is an 8.8%
increase from prior dividend of $0.34.
Payable January 10 for
shareholders of record December 31 ex-div December 29.
Royal Bank of Canada (RY)
Royal Bank of Canada operates as a diversified financial
service company worldwide. The company’s Personal & Commercial Banking
segment offers checking and savings accounts, home equity financing, personal
lending, private banking, indirect lending, mutual funds and self-directed
brokerage accounts, guaranteed investment certificates, credit cards, and
payment products and solutions; and lending, leasing, deposit, investment,
foreign exchange, cash management, auto dealer financing, trade products, and
services to small and medium-sized commercial businesses. The company was
founded in 1864 and is headquartered in Toronto, Canada.
On December 1, RY declared a quarterly dividend of CAD1.20 per share.
This is an 11.1%
increase from prior dividend of CAD1.08.
Payable February 24
for shareholders of record January 26 ex-div January 25.
National Bank of Canada (NA)
National Bank of Canada provides various financial products
and services to retail, commercial, corporate, and institutional clients in
Canada and internationally. It operates through four segments: Personal and
Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance
and International. The company was founded in 1859 and is headquartered in
Montreal, Canada.
On December 1, NA declared a quarterly dividend of CAD0.87 per share.
This is a 22.5%
increase from prior dividend of CAD0.71.
Payable February 1 for
shareholders of record December 27 ex-div December 23.
Universal Health Realty Income Trust (UHT)
Universal Health Realty Income Trust, a real estate
investment trust, invests in healthcare and human service related facilities
including acute care hospitals, rehabilitation hospitals, sub-acute care
facilities, medical/office buildings, free-standing emergency departments and
childcare centers. We have investments in seventy-one properties located in
twenty states, including two that are currently under construction.
On December 1, UHT declared a quarterly dividend of $0.705 per share.
This is a 0.7%
increase from prior dividend of $0.70.
Payable December 30
for shareholders of record December 15 ex-div December 14.
EastGroup Properties, Inc. (EGP)
EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap
400 company, is a self-administered equity real estate investment trust focused
on the development, acquisition and operation of industrial properties in major
Sunbelt markets throughout the United States with an emphasis in the states of
Florida, Texas, Arizona, California and North Carolina. The Company's goal is
to maximize shareholder value by being a leading provider in its markets of
functional, flexible and quality business distribution space for location
sensitive customers (primarily in the 15,000 to 70,000 square foot range). The
Company's strategy for growth is based on ownership of premier distribution facilities
generally clustered near major transportation features in supply-constrained
submarkets. EastGroup's portfolio, including development projects and value-add
acquisitions in lease-up and under construction, currently includes
approximately 45.8 million square feet.
On December 1, EGP declared a quarterly dividend of $1.10 per share.
This is a 22.5%
increase from prior dividend of $0.90.
Payable January 15 for
shareholders of record December 31 ex-div December 29.
Canadian Imperial Bank of Commerce (CM)
Canadian Imperial Bank of Commerce, a diversified financial
institution, provides various financial products and services to personal,
business, public sector, and institutional clients in Canada, the United
States, and internationally. The company operates through four strategic
business units: Canadian Personal and Business Banking; Canadian Commercial
Banking and Wealth Management; U.S. Commercial Banking and Wealth Management;
and Capital Markets. Canadian Imperial Bank of Commerce was founded in 1867 and
is headquartered in Toronto, Canada.
On December 2, CM declared a quarterly dividend of CAD1.61 per share.
This is a 10.3%
increase from prior dividend of CAD1.46.
Payable January 28 for
shareholders of record December 29 ex-div December 28.
The Toronto-Dominion Bank (TD)
The Toronto-Dominion Bank, together with its subsidiaries,
provides various personal and commercial banking products and services in
Canada and the United States. It operates through three segments: Canadian
Retail, U.S. Retail, and Wholesale Banking. The company offers personal
deposits, such as chequing, savings, and investment products; financing,
investment, cash management, international trade, and day-to-day banking
services to businesses; and financing options to customers at point of sale for
automotive and recreational vehicle purchases through auto dealer network. The
Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto,
Canada.
On December 2, TD declared a quarterly dividend of CAD0.89 per share.
This is a 12.7%
increase from prior dividend of CAD0.79.
Payable January 31 for
shareholders of record January 10 ex-div January 7.
SL Green Realty Corp. (SLG)
SL Green Realty Corp., an S&P 500 company and
Manhattan's largest office landlord, is a fully integrated real estate
investment trust, or REIT, that is focused primarily on acquiring, managing and
maximizing value of Manhattan commercial properties. As of December 31, 2020,
SL Green held interests in 88 buildings totaling 38.2 million square feet. This
included ownership interests in 28.6 million square feet of Manhattan buildings
and 8.7 million square feet securing debt and preferred equity investments.
On December 2, SLG declared a quarterly dividend of $0.3108 per share. SLG also announced a
special dividend of $2.4392 per share, as a result of extraordinary gains on
asset dispositions in 2021, payable on January 18, 2022 to stockholders of
record on the Record Date.
This is a 2.5%
increase from prior dividend of $0.3033.
Payable January 18 for
shareholders of record December 15 ex-div December 14.
WEC Energy Group, Inc. (WEC)
WEC Energy Group, Inc., through its subsidiaries, provides
regulated natural gas and electricity, and renewable and nonregulated renewable
energy services in the United States. The company operates through six
segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility
Energy Infrastructure, and Corporate and Other. It generates and distributes
electricity from coal, natural gas, oil, hydroelectric, wind, solar, and
biomass sources; provides electric transmission services; offers retail natural
gas distribution services; transports natural gas; and generates, distributes,
and sells steam. The company was formerly known as Wisconsin Energy Corporation
and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group,
Inc. was incorporated in 1981 and is headquartered in Milwaukee, Wisconsin.
On December 2, WEC announces plan a quarterly dividend of $0.7275 per share.
This is a 7.4%
increase from prior dividend of $0.6775.
Payable March 1 for
shareholders of record February 14 ex-div February 11.
AXIS Capital Holdings Limited (AXS)
AXIS Capital Holdings Limited, through its subsidiaries,
provides various specialty insurance and reinsurance products worldwide. It
operates through two segments, Insurance and Reinsurance. The Insurance segment
offers property insurance products for commercial buildings, residential
premises, construction projects, and onshore energy installations; marine
insurance products covering offshore energy, cargo, liability, recreational
marine, fine art, specie, and hull war; and terrorism, aviation, credit and
political risk, and liability insurance products. The company was founded in
2001 and is headquartered in Pembroke, Bermuda.
On December 2, AXS declared a quarterly dividend of $0.43 per share.
This is a 2.4%
increase from prior dividend of $0.42.
Payable January 18 for
shareholders of record December 30 ex-div December 29.
Raymond James Financial, Inc. (RJF)
Raymond James Financial, Inc., a diversified financial
services company, provides private client group, capital markets, asset
management, banking, and other services to individuals, corporations, and
municipalities in the United States, Canada, and Europe. The Private Client
Group segment offers investment services, portfolio management services,
insurance and annuity products, and mutual funds; support to third-party
product partners, including sales and marketing support, as well as
distribution and accounting, and administrative services; margin loans; and
securities borrowing and lending services. The company was founded in 1962 and
is headquartered in St. Petersburg, Florida.
On December 2, RJF declared a quarterly dividend of $0.34 per share.
This is a 30.8%
increase from prior dividend of $0.26.
Payable January 18 for
shareholders of record January 4 ex-div January 3.
Ecolab Inc. (ECL)
Ecolab Inc. provides water, hygiene, and infection
prevention solutions and services worldwide. Its Global Industrial segment
offers water treatment and process applications, and cleaning and sanitizing
solutions to manufacturing, food and beverage processing, transportation,
chemical, metals and mining, power generation, pulp and paper, commercial
laundry, petroleum, and petrochemical industries. The company was founded in
1923 and is headquartered in St. Paul, Minnesota.
On December 2, ECL declared a quarterly dividend of $0.51 per share.
This is a 6.3%
increase from prior dividend of $0.48.
Payable January 18 for
shareholders of record December 14 ex-div December 13.
Owens Corning (OC)
Owens Corning manufactures and markets a range of
insulation, roofing, and fiberglass composite materials in the United States,
Canada, Europe, the Asia Pacific, and internationally. It operates in three
segments: Composites, Insulation, and Roofing. Owens Corning was incorporated
in 1938 and is headquartered in Toledo, Ohio.
On December 2, OC declared a quarterly dividend of $0.35 per share.
This is a 34.6%
increase from prior dividend of $0.26.
Payable January 21 for
shareholders of record January 7 ex-div January 6.
Eastman Chemical Company (EMN)
Eastman Chemical Company operates as a specialty materials
company worldwide. The company’s Additives & Functional Products segment
offers hydrocarbon and rosin resins; organic acid-based solutions; amine
derivative-based building blocks; metam-based soil fumigants, thiram and ziram
based fungicides, and plant growth regulators; specialty coalescent, specialty
and commodity solvents, paint additives, and specialty polymers; heat transfer
and aviation fluids; insoluble sulfur and anti-degradant rubber additives; and
performance resins. It serves the transportation, consumables, building and
construction, animal nutrition, crop protection, energy, personal and home
care, and other markets. Eastman Chemical Company was founded in 1920 and is
headquartered in Kingsport, Tennessee.
On December 2, EMN declared a quarterly dividend of $0.76 per share.
This is a 10.1%
increase from prior dividend of $0.69.
Payable January 7 for
shareholders of record December 15 ex-div December 14.
Nucor Corporation (NUE)
Nucor Corporation manufactures and sells steel and steel
products. It operates through three segments: Steel Mills, Steel Products, and
Raw Materials. The Steel Mills segment produces hot-rolled, cold-rolled, and
galvanized sheet steel products; plate steel products; wide-flange beams, beam
blanks, and H-piling and sheet piling products; bar steel products, such as
blooms, billets, concrete reinforcing and merchant bars, and special bar
quality products. The company was incorporated in 1958 and is headquartered in
Charlotte, North Carolina.
On December 2, NUE declared a quarterly
dividend of $0.50 per share.
This is a 23.5%
increase from prior dividend of $0.405.
Payable February 11
for shareholders of record December 31 ex-div December 29.
Hillenbrand, Inc. (HI)
Hillenbrand, Inc. operates as a diversified industrial
company in the United States and internationally. The company operates through
three segments: Advanced Process Solutions, Molding Technology Solutions, and
Batesville. Hillenbrand, Inc. was founded in 1906 and is headquartered in
Batesville, Indiana.
On December 2, HI declared a quarterly dividend of $0.2175 per share.
This is a 1.2%
increase from prior dividend of $0.215.
Payable December 30
for shareholders of record December 17 ex-div December 16.
Bank of Montreal (BMO)
Bank of Montreal provides diversified financial services
primarily in North America. The company’s personal banking products and
services include checking and savings accounts, credit cards, mortgages, and
financial and investment advice services; and commercial banking products and
services comprise business deposit accounts, commercial credit cards, business loans
and commercial mortgages, cash management solutions, foreign exchange,
specialized banking programs, treasury and payment solutions, and risk
management products for small business and commercial banking customers. Bank
of Montreal was founded in 1817 and is headquartered in Montreal, Canada.
On December 3, BMO declared a quarterly dividend of CAD1.33 per share.
This is a 25.5%
increase from prior dividend of CAD1.06.
Payable February 28
for shareholders of record February 1 ex-div January 31.
Canadian Western Bank (CWB)
Canadian Western Bank provides personal and business banking
products and services primarily in Western Canada. The company offers current,
savings, cash management, US dollar, and chequing accounts, as well as
organization, strata solution/condo, general trust, and trust fund investment
accounts. Canadian Western Bank was founded in 1984 and is headquartered in
Edmonton, Canada.
On December 3, CWB declared a quarterly dividend of CAD0.30 per share.
This is a 3.4%
increase from prior dividend of CAD0.29.
Payable January 6 for
shareholders of record December 16 ex-div December 15.
Graco Inc. (GGG)
Graco Inc. designs, manufactures, and markets systems and
equipment used to move, measure, control, dispense, and spray fluid and powder
materials worldwide. The company’s Industrial segment offers proportioning
systems to spray polyurethane foam and polyurea coatings; equipment that pumps,
meters, mixes, and dispenses sealant, adhesive, and composite materials; and
gel-coat equipment, chop and wet-out systems, resin transfer molding systems,
and applicators. The company was incorporated in 1926 and is headquartered in
Minneapolis, Minnesota.
On December 3, GGG declared a quarterly dividend of $0.21 per share.
This is a 12.0%
increase from prior dividend of $0.1875.
Payable February 2 for
shareholders of record January 18 ex-div January 14.
Amgen Inc. (AMGN)
Amgen Inc. discovers, develops, manufactures, and delivers
human therapeutics worldwide. It focuses on inflammation, oncology/hematology,
bone health, cardiovascular disease, nephrology, and neuroscience areas. Amgen
Inc. was founded in 1980 and is headquartered in Thousand Oaks, California.
On December 3, AMGN declared a quarterly dividend of $1.94 per share.
This is a 10.2%
increase from prior dividend of $1.76.
Payable March 8 for
shareholders of record February 15 ex-div February 14.
Morningstar, Inc. (MORN)
Morningstar, Inc. provides independent investment research
services in North America, Europe, Australia, and Asia. The company offers
web-based tools; investment data, fundamental equity and manager research,
private capital markets research, credit and fund rating, and index, as well as
environmental, social, and governance (ESG) rating services; and investment
offerings, including managed investment products, publicly listed and private
companies, fixed income securities, and real-time global market data for
financial advisors, asset managers, retirement plan providers and sponsors, and
individual and institutional investors. The company was incorporated in 1984
and is headquartered in Chicago, Illinois.
On December 3, MORN declared a quarterly dividend of $0.36 per share.
This is a 14.3%
increase from prior dividend of $3.15.
Payable January 31 for
shareholders of record January 7 ex-div January 6.
The AES Corporation (AES)
The AES Corporation operates as a diversified power
generation and utility company. It owns and/or operates power plants to
generate and sell power to customers, such as utilities, industrial users, and
other intermediaries. The company also owns and/or operates utilities to
generate or purchase, distribute, transmit, and sell electricity to end-user
customers in the residential, commercial, industrial, and governmental sectors;
and generates and sells electricity on the wholesale market. The AES
Corporation was incorporated in 1981 and is headquartered in Arlington,
Virginia.
On December 3, AES declared a quarterly dividend of $0.1586 per share.
This is a 5.0%
increase from prior dividend of $0.1505.
Payable February 15
for shareholders of record February 1 ex-div January 31.
Comments
Post a Comment