Dividend Increases Week 49, 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, 19 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.

 

 

 

 

 

Alexandria Real Estate Equities, Inc. (ARE)

Alexandria Real Estate Equities, Inc. (NYSE:ARE), a urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF"). The asset base in North America includes 31.9 million RSF of operating properties and 3.3 million RSF of Class A properties undergoing construction, 7.1 million RSF of near-term and intermediate-term development and redevelopment projects, and 7.4 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and Research Triangle.

On December 6, ARE declared a quarterly dividend of $1.15 per share.

This is a 2.7% increase from prior dividend of $1.12. 

Payable January 14 for shareholders of record January 31 ex-div December 29.

 

The Hanover Insurance Group, Inc. (THG)

The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers’ compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.

On December 6, THG declared a quarterly dividend of $0.75 per share.

This is a 7.1% increase from prior dividend of $0.70. 

Payable December 30 for shareholders of record January 16 ex-div December 15.

 

Enbridge Inc. (ENB)

Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines, and gathering and processing facilities in Canada and the United States. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

On December 7, ENB declared a quarterly dividend of C$0.86 per share.

This is a 3.0% increase from prior dividend of C$0.835. 

Payable March 1 for shareholders of record February 15 ex-div February 14.

 

Mid-America Apartment Communities, Inc. (MAA)

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of December 31, 2020, MAA had ownership interest in 102,772 apartment units, including communities currently in development, across 16 states and the District of Columbia.

On December 7, MAA declared a quarterly dividend of $1.0875 per share.

This is a 6.1% increase from prior dividend of $1.025. 

Payable January 31 for shareholders of record January 14 ex-div December 13.

 

Zoetis Inc. (ZTS)

Zoetis Inc. discovers, develops, manufactures, and commercializes animal health medicines, vaccines, and diagnostic products in the United States and internationally. It commercializes products primarily across species, including livestock, such as cattle, swine, poultry, fish, and sheep; and companion animals comprising dogs, cats, and horses. The company offers vaccines, which are biological preparations to prevent diseases of the respiratory, gastrointestinal, and reproductive tracts or induce a specific immune response; anti-infectives that prevent, kill, or slow the growth of bacteria, fungi, or protozoa; and parasiticides that prevent or eliminate external and internal parasites that include fleas, ticks, and worms. The company was founded in 1952 and is headquartered in Parsippany, New Jersey.

On December 7, ZTS declared a quarterly dividend of $0.325 per share.

This is a 30.0% increase from prior dividend of $0.25. 

Payable March 1 for shareholders of record January 20 ex-div December 19.

 

 

VSE Corporation (VSEC)

VSE Corporation operates as a diversified products and services aftermarket company in the United States. The company operates in three segments: Aviation, Fleet, and Federal and Defense. The Aviation segment provides international parts supply and distribution, supply chain solutions, and component and engine accessory maintenance, repair, and overhaul (MRO) services. This segment serves commercial airlines, regional airlines, cargo transporters, MRO integrators and providers, aviation manufacturers, corporate and private aircraft owners, and fixed-base operators (FBOs). VSE Corporation was incorporated in 1959 and is headquartered in Alexandria, Virginia.

On December 7, VSEC declared a quarterly dividend of $0.10 per share.

This is a 11.1% increase from prior dividend of $0.09. 

Payable February 9 for shareholders of record January 26 ex-div December 25.

 

Hooker Furnishings Corporation (HOFT)

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. The company’s Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture under the Hooker Upholstery brand. Its Home Meridian segment provides home furnishings under the Accentrics Home brand; a range of bedroom, dining room, accent, and display cabinet, home office, and youth furnishings under the Pulaski Furniture and Samuel Lawrence Furniture brands; and imported leather motion upholstery under the Prime Resources International brand. Hooker Furnishings Corporation was incorporated in 1924 and is headquartered in Martinsville, Virginia.

On December 8, HOFT declared a quarterly dividend of $0.20 per share.

This is an 11.1% increase from prior dividend of $0.18. 

Payable December 31 for shareholders of record December 17 ex-div December 16.

 

W. P. Carey Inc. (WPC)

W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.

On December 8, WPC declared a quarterly dividend of $1.055 per share.

This is a 0.30% increase from prior dividend of $1.052. 

Payable January 14 for shareholders of record December 31 ex-div December 29.

 

Stryker Corporation (SYK)

Stryker Corporation operates as a medical technology company. The company operates through three segments: Orthopaedics, MedSurg, and Neurotechnology and Spine. The Orthopaedics segment provides implants for use in hip and knee joint replacements, and trauma and extremities surgeries. Stryker Corporation was founded in 1941 and is headquartered in Kalamazoo, Michigan.

On December 9, SYK declared a quarterly dividend of $0.695 per share.

This is a 10.3% increase from prior dividend of $0.63. 

Payable January 31 for shareholders of record December 31 ex-div December 29.

 

C.H. Robinson Worldwide, Inc. (CHRW)

C.H. Robinson Worldwide, Inc., together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through two segments, North American Surface Transportation and Global Forwarding. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and offers door-to-door services. C.H. Robinson Worldwide, Inc. was founded in 1905 and is headquartered in Eden Prairie, Minnesota.

On December 9, CHRW declared a quarterly dividend of $0.55 per share.

This is a 7.8% increase from prior dividend of $0.51. 

Payable January 3 for shareholders of record December 13 ex-div December 10.

 

 

Broadcom Inc. (AVGO)

Broadcom Inc. designs, develops, and supplies semiconductor infrastructure software solutions. It offers semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company's infrastructure software solutions enable customers to plan, develop, automate, manage, and secure applications across mainframe, distributed, mobile, and cloud platforms. It operates through two segments, Semiconductor Solutions and Infrastructure Software. The company was incorporated in 2018 and is based in San Jose, California.

On December 9, AVGO declared a quarterly dividend of $4.10 per share.

This is a 13.9% increase from prior dividend of $3.60. 

Payable December 31 for shareholders of record December 22 ex-div December 21.

 

Erie Indemnity Company (ERIE)

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. Its sales related services include agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.

On December 9, ERIE declared a quarterly dividend of $1.11 per share.

This is a 7.2% increase from prior dividend of $1.035. 

Payable January 20 for shareholders of record January 5 ex-div January 4.

 

Waste Management, Inc. (WM)

Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations. Waste Management, Inc. was incorporated in 1987 and is headquartered in Houston, Texas.

On December 9, WM declared a quarterly dividend of $0.65 per share.

This is a 14.0% increase from prior dividend of $0.57. 

Dates not yet disclosed.

 

Edison International (EIX)

Edison International, through its subsidiaries, generates and distributes electric power. As of March 03, 2021, it delivered electricity to 15 million residential, commercial, industrial, public authorities, agricultural, and other customers across Southern, Central, and Coastal California. Edison International also provides energy solutions to commercial and industrial users. Its transmission facilities consist of lines ranging from 55 kV to 500 kV and substations; and distribution system consists of approximately 39,000 circuit-miles of overhead lines, approximately 31,000 circuit-miles of underground lines, and 800 substations. The company was founded in 1886 and is headquartered in Rosemead, California.

On December 9, EIX declared a quarterly dividend of $0.70 per share.

This is a 6.1% increase from prior dividend of $0.66. 

Payable January 31 for shareholders of record December 31 ex-div December 29.

 

TE Connectivity Ltd. (TEL)

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the Asia–Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions. TE Connectivity Ltd. was incorporated in 2000 and is based in Schaffhausen, Switzerland.

On December 10, TEL approved a recommendation a quarterly dividend of $0.56 per share.

This is a 12.0% increase from prior dividend of $0.50. 

Dates not yet disclosed.

 

 

Pfizer Inc. (PFE)

Pfizer Inc. discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. It offers medicines and vaccines in various therapeutic areas, including cardiovascular metabolic and pain under the Eliquis, Chantix/Champix, and Premarin family brands; biologics, small molecules, immunotherapies, and biosimilars under the Ibrance, Xtandi, Sutent, Inlyta, Retacrit, Lorbrena, and Braftovi brands; and sterile injectable and anti-infective medicines under the Sulperazon, Medrol, Zithromax, Vfend, and Panzyga brands. Pfizer Inc. was founded in 1849 and is headquartered in New York, New York.

On December 10, PFE declared a quarterly dividend of $0.40 per share.

This is a 2.6% increase from prior dividend of $0.39. 

Payable March 4 for shareholders of record January 28 ex-div January 28.

 

Abbott Laboratories (ABT)

Abbott Laboratories discovers, develops, manufactures, and sells health care products worldwide. It operates in four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Medical Devices. The company was founded in 1888 and is based in North Chicago, Illinois.

On December 10, ABT declared a quarterly dividend of $0.47 per share.

This is a 4.4% increase from prior dividend of $0.45. 

Payable February 15 for shareholders of record January 14 ex-div January 13.

 

Union Pacific Corporation (UNP)

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; coal and sand, petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as finished automobiles, automotive parts, and merchandise in intermodal containers. As of December 31, 2020, its rail network included 32,313 route miles connecting Pacific Coast and Gulf Coast ports with the Midwest and Eastern United States gateways. The company was founded in 1862 and is headquartered in Omaha, Nebraska.

On December 10, UNP declared a quarterly dividend of $1.18 per share.

This is a 10.3% increase from prior dividend of $1.07. 

Payable December 30 for shareholders of record December 20 ex-div December 17.

 

Trinity Industries, Inc. (TRN)

Trinity Industries, Inc. provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers. Trinity Industries, Inc. was incorporated in 1933 and is headquartered in Dallas, Texas.

On December 10, TRN declared a quarterly dividend of $0.23 per share.

This is a 9.5% increase from prior dividend of $0.21. 

Payable January 31 for shareholders of record January 14 ex-div January 13.

 

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