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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