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, 17 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.
Bristol-Myers Squibb Company (BMY)
Bristol-Myers Squibb Company develops, licenses,
manufactures, and markets biopharmaceutical products worldwide. The company
offers products in hematology, oncology, cardiovascular, and immunology
therapeutic classes. The company was formerly known as Bristol-Myers Company.
Bristol-Myers Squibb Company was founded in 1887 and is headquartered in New
York, New York.
On December 13, BMY declared a quarterly dividend of $0.54 per share.
This is a 10.2%
increase from prior dividend of $0.49.
Payable February 1 for
shareholders of record January 7 ex-div December 6.
WD-40 Company (WDFC)
WD-40 Company develops and sells maintenance products, and
homecare and cleaning products in the Americas, Europe, the Middle East,
Africa, and the Asia Pacific. The company was founded in 1953 and is
headquartered in San Diego, California.
On December 13, WDFC declared
a quarterly dividend of $0.78 per share.
This is an 8.3%
increase from prior dividend of $0.72.
Payable January 31 for
shareholders of record January 14 ex-div December 13.
Eli Lilly and Company (LLY)
Eli Lilly and Company discovers, develops, and markets human
pharmaceuticals worldwide. he company was founded in 1876 and is headquartered
in Indianapolis, Indiana.
On December 13, LLY declared
a quarterly dividend of $0.98 per share.
This is a 15.3%
increase from prior dividend of $0.85.
Payable March 10 for
shareholders of record February 15 ex-div February 14.
Fortune Brands Home & Security, Inc. (FBHS)
Fortune Brands Home & Security, Inc. provides home and
security products for residential home repair, remodeling, new construction,
and security applications. It operates in three segments: Plumbing, Outdoors
& Security, and Cabinets. The company was incorporated in 1988 and is
headquartered in Deerfield, Illinois.
On December 14, FBHS declared
a quarterly dividend of $0.28 per share.
This is a 7.7%
increase from prior dividend of $0.26.
Payable March 16 for
shareholders of record February 25 ex-div February 24.
Franklin Resources, Inc. (BEN)
Franklin Resources, Inc. is a publicly owned asset
management holding company. Through its subsidiaries, the firm provides its
services to individuals, institutions, pension plans, trusts, and partnerships.
It launches equity, fixed income, balanced, and multi-asset mutual funds
through its subsidiaries. The firm invests in the public equity, fixed income,
and alternative markets. Franklin Resources, Inc. was founded in 1947 and is
based in San Mateo, California with an additional office in Hyderabad, India.
On December 14, BEN declared
a quarterly dividend of $0.29 per share.
This is a 3.6%
increase from prior dividend of $0.28.
Payable January 14 for
shareholders of record December 31 ex-div December 29.
The Toro Company (TTC)
The Toro Company designs, manufactures, and markets
professional and residential equipment worldwide. The Toro Company was founded
in 1914 and is headquartered in Bloomington, Minnesota.
On December 14, TTC declared
a quarterly dividend of $0.30 per share.
This is a 14.3%
increase from prior dividend of $0.2625.
Payable January 11 for
shareholders of record December 28 ex-div December 27.
ABM Industries Incorporated (ABM)
ABM Industries Incorporated provides integrated facility
solutions in the United States and internationally. The company operates
through Business & Industry, Technology & Manufacturing, Education,
Aviation, and Technical Solutions segments. It provides janitorial, facilities
engineering, parking, custodial, landscaping and ground, and mechanical and
electrical services; and vehicle maintenance and other services to rental car
providers. The company was founded in 1909 and is headquartered in New York,
New York.
On December 15, ABM declared a
quarterly dividend of $0.195 per share.
This is a 2.6%
increase from prior dividend of $0.19.
Payable February 7 for
shareholders of record January 6 ex-div January 5.
Realty Income Corporation (O)
Realty Income, The Monthly Dividend Company, is an S&P
500 company dedicated to providing stockholders with dependable monthly income.
The company is structured as a REIT, and its monthly dividends are supported by
the cash flow from over 6,500 real estate properties owned under long-term
lease agreements with our commercial clients. To date, the company has declared
608 consecutive common stock monthly dividends throughout its 52-year operating
history and increased the dividend 109 times since Realty Income's public
listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend
Aristocrats index.
On December 15, O declared
a monthly dividend of $0.2465 per share.
This is a 0.2%
increase from prior dividend of $0.246.
Payable January 14 for
shareholders of record January 3 ex-div December 31.
Balchem Corporation (BCPC)
Balchem Corporation develops, manufactures, and markets
specialty performance ingredients and products for the nutritional, food,
pharmaceutical, animal health, medical device sterilization, plant nutrition,
and industrial markets in the United States and internationally. Balchem
Corporation was incorporated in 1967 and is headquartered in New Hampton, New
York.
On December 16, BCPC declared a
quarterly dividend of $0.64 per share.
This is a 10.3%
increase from prior dividend of $0.58.
Payable January 21 for
shareholders of record December 28 ex-div December 27.
American Tower Corporation (AMT)
American Tower Corporation, one of the largest global REITs,
is a leading independent owner, operator and developer of multitenant
communications real estate with a portfolio of approximately 219,000
communications sites. For more information about American Tower, please visit
the “Earnings Materials” and “Investor Presentations” sections of our investor
relations website at www.americantower.com.
On December 16, AMT declared
a quarterly dividend of $1.39 per share.
This is a 6.1%
increase from prior dividend of $1.31.
Payable January 14 for
shareholders of record December 27 ex-div December 23.
Washington Trust Bancorp, Inc. (WASH)
Washington Trust Bancorp, Inc. operates as the bank holding
company for The Washington Trust Company, of Westerly that offers various
banking and financial services to individuals and businesses. The company
operates in two segments, Commercial Banking and Wealth Management Services. Washington
Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode
Island.
On December 16, WASH declared
a quarterly dividend of $0.54 per share.
This is a 3.8%
increase from prior dividend of $0.52.
Payable January 7 for
shareholders of record January 3 ex-div December 31.
TFI International Inc. (TFII)
TFI International Inc. provides transportation and logistics
services in the United States, Canada, and Mexico. The company operates through
Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics
segments. The company was formerly known as TransForce Inc. and changed its
name to TFI International Inc. in December 2016. TFI International Inc. is
headquartered in Saint-Laurent, Canada.
On December 16, TFII declared
a quarterly dividend of $0.27 per share.
This is a 17.4%
increase from prior dividend of $0.23.
Payable January 17 for
shareholders of record December 31 ex-div December 30.
The Andersons, Inc. (ANDE)
The Andersons, Inc., an agriculture company, operates in
trade, ethanol, plant nutrient, and rail sectors in the United States and
internationally. The company’s Trade segment operates grain elevators; stores
grains; and provides grain marketing, risk management, and corn origination
services to its customers and affiliated ethanol facilities. The Andersons,
Inc. was founded in 1947 and is based in Maumee, Ohio.
On December 16, ANDE declared
a quarterly dividend of $0.18 per share.
This is a 2.9%
increase from prior dividend of $0.175.
Payable January 21 for
shareholders of record January 3 ex-div December 31.
The Ensign Group, Inc. (ENSG)
The Ensign Group, Inc. provides health care services in the
post-acute care continuum and other ancillary businesses. It operates in two
segments, Transitional and Skilled Services and Real Estate. The company was
founded in 1999 and is based in San Juan Capistrano, California.
On December 17, ENSG declared
a quarterly dividend of $0.055 per share.
This is a 5.8%
increase from prior dividend of $0.052.
Payable January 31 for
shareholders of record December 31 ex-div December 30.
Norwood Financial Corp. (NWFL)
Norwood Financial Corp. operates as the bank holding company
for Wayne Bank that provides various banking products and services. The company
accepts a range of deposit products, including interest-bearing and
non-interest bearing transaction accounts, and statement savings and money
market accounts, as well as certificate of deposits. The company was founded in
1870 and is headquartered in Honesdale, Pennsylvania.
On December 17, NWFL declared
a quarterly dividend of $0.28 per share.
This is a 7.7%
increase from prior dividend of $0.26.
Payable February 1 for
shareholders of record January 14 ex-div January 13.
Farmers & Merchants Bancorp, Inc. (FMAO)
Farmers & Merchants Bancorp, Inc. operates as the bank
holding company for The Farmers & Merchants State Bank that provides
commercial banking services to individuals and small businesses in northwest
Ohio and northeast Indiana. The company offers checking account services, as
well as savings and time deposit services, such as certificates of deposit; and
custodial services for individual retirement and health savings accounts. Farmers
& Merchants Bancorp, Inc. was founded in 1897 and is headquartered in
Archbold, Ohio.
On December 17, FMAO declared
a quarterly dividend of $0.19 per share.
This is a 5.6%
increase from prior dividend of $0.18.
Payable January 20 for
shareholders of record December 28 ex-div December 27.
Granite Real Estate Investment Trust (GRP.U)
Granite is a Canadian-based REIT engaged in the acquisition,
development, ownership and management of logistics, warehouse and industrial
properties in North America and Europe. Granite owns 108 investment properties
representing approximately 45.3 million square feet of leasable area.
On December 17, GRP.U declared
a monthly dividend of C$0.2583 per share.
This is a 3.3%
increase from prior dividend of C$0.25.
Payable January 14 for
shareholders of record December 31 ex-div December 30.
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