Dividend Increases Week 8 (Part 2)

 

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. This is the second part of the week’s notifications.

 

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.

 

 

 

 

 

Cogent Communications Holdings, Inc. (CCOI)

Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Asia, South America, Australia, and Africa. Cogent Communications Holdings, Inc. was founded in 1999 and is headquartered in Washington, the District of Columbia.

On February 24, CCOI declared a quarterly dividend of $0.855 per share.

This is a 3.0% increase from prior dividend of $0.83. 

Payable March 25 for shareholders of record April 9, ex-div April 8.

 

Cohen & Steers, Inc. (CNS)

Cohen & Steers, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries. Cohen & Steers, Inc. was founded in 1986 and is based in New York.

On February 24, CNS declared a quarterly dividend of $0.55 per share.

This is a 22.2% increase from prior dividend of $0.45. 

Payable March 17 for shareholders of record March 7, ex-div March 4.

 

WesBanco, Inc. (WSBC)

WesBanco, Inc. operates as the bank holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services. It operates in two segments, Community Banking, and Trust and Investment Services. WesBanco, Inc. was founded in 1870 and is headquartered in Wheeling, West Virginia.

On February 24, WSBC declared a quarterly dividend of $0.34 per share.

This is a 3.0% increase from prior dividend of $0.33. 

Payable April 1 for shareholders of record March 11, ex-div March 10.

 

Essex Property Trust, Inc. (ESS)

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.

On February 24, ESS declared a quarterly dividend of $2.20 per share.

This is a 5.3% increase from prior dividend of $2.09. 

Payable April 14 for shareholders of record March 31, ex-div March 30.

 

National Storage Affiliates Trust (NSA)

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet. NSA is one of the largest owners and operators of self storage properties among public and private companies in the United States.

On February 24, NSA declared a quarterly dividend of $0.50 per share.

This is an 11.1% increase from prior dividend of $0.45. 

Payable March 31 for shareholders of record March 15, ex-div March 14.

 

 

LeMaitre Vascular, Inc. (LMAT)

LeMaitre Vascular, Inc. designs, markets, sells, services, and supports medical devices and implants for the treatment of peripheral vascular disease worldwide. It offers angioscope, a fiberoptic catheter used for viewing the lumen of a blood vessel; embolectomy catheters to remove blood clots from arteries or veins; occlusion catheters that temporarily occlude the blood flow; perfusion catheters to perfuse the blood and other fluids into the vasculature; and thrombectomy catheters, which features a silicone balloon for removing thrombi in the venous system. LeMaitre Vascular, Inc. was incorporated in 1983 and is headquartered in Burlington, Massachusetts.

On February 24, LMAT declared a quarterly dividend of $0.125 per share.

This is a 13.6% increase from prior dividend of $0.11. 

Payable March 24 for shareholders of record March 8, ex-div March 7.

 

Albemarle Corporation (ALB)

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.

On February 24, ALB declared a quarterly dividend of $0.395 per share.

This is a 1.3% increase from prior dividend of $0.39. 

Payable April 1 for shareholders of record March 18, ex-div March 17.

 

Southwest Gas Holdings, Inc. (SWX)

Southwest Gas Holdings, Inc., through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates in two segments, Natural Gas Operations and Utility Infrastructure Services. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.

On February 24, SWX declared a quarterly dividend of $0.62 per share.

This is a 4.2% increase from prior dividend of $0.595. 

Payable June 1 for shareholders of record May 16, ex-div May 13.

 

Sempra (SRE)

Sempra operates as an energy-services holding company in the United States and internationally. The company’s San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. Sempra was founded in 1998 and is headquartered in San Diego, California.

On February 25, SRE declared a quarterly dividend of $1.145 per share.

This is a 4.1% increase from prior dividend of $1.10. 

Payable April 15 for shareholders of record March 25, ex-div March 24.

 

Northrim BanCorp, Inc. (NRIM)

Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It operates in two segments, Community Banking and Home Mortgage Lending. Northrim BanCorp, Inc. was founded in 1990 and is headquartered in Anchorage, Alaska.

On February 25, NRIM declared a quarterly dividend of $0.41 per share.

This is a 7.9% increase from prior dividend of $0.38. 

Payable March 18 for shareholders of record March 10, ex-div March 9.

 

 

Old Republic International Corporation (ORI)

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business. Old Republic International Corporation was founded in 1923 and is based in Chicago, Illinois.

On February 25, ORI declared a quarterly dividend of $0.23 per share.

This is a 4.5% increase from prior dividend of $0.22. 

Payable March 15 for shareholders of record March 7, ex-div March 4.

 

Prologis, Inc. (PLD)

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.

On February 24, PLD declared a quarterly dividend of $0.79 per share.

This is a 24.5% increase from prior dividend of $0.63. 

Payable March 31 for shareholders of record March 18, ex-div March 17.

 

L3Harris Technologies, Inc. (LHX)

L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.

On February 25, LHX declared a quarterly dividend of $1.12 per share.

This is a 9.8% increase from prior dividend of $1.02. 

Payable March 25 for shareholders of record March 11, ex-div March 10.

 

Dividend Increases Week 8 (Part 1)

 

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. This is the first part of the week’s notifications.

 

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.

 

 

 

 

 

The Home Depot, Inc. (HD)

The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers. The Home Depot, Inc. was incorporated in 1978 and is based in Atlanta, Georgia.

On February 22, HD declared a quarterly dividend of $1.90 per share.

This is a 15.2% increase from prior dividend of $1.65. 

Payable March 24 for shareholders of record March 10, ex-div March 9.

 

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. The company was founded in 1887 and is headquartered in Canfield, Ohio.

On February 22, FMNB declared a quarterly dividend of $0.16 per share.

This is a 14.3% increase from prior dividend of $0.14. 

Payable March 31 for shareholders of record March 11, ex-div march 10.

 

AMERISAFE, Inc. (AMSF)

AMERISAFE, Inc., an insurance holding company, underwrites workers’ compensation insurance in the United States. Its workers’ compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company offers workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas. The company was incorporated in 1985 and is headquartered in DeRidder, Louisiana.

On February 22, AMSF declared a quarterly dividend of $0.31 per share.

This is a 6.9% increase from prior dividend of $0.29. 

Payable March 25 for shareholders of record March 11, ex-div March 10.

 

Leggett & Platt, Incorporated (LEG)

Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company was founded in 1883 and is based in Carthage, Missouri.

On February 22, LEG declared a quarterly dividend of $0.42 per share.

This is a 5.0% increase from prior dividend of $0.40. 

Payable April 15 for shareholders of record March 15, ex-div March 14.

 

Assured Guaranty Ltd. (AGO)

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company operates in two segments, Insurance and Asset Management. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. Assured Guaranty Ltd. was founded in 2003 and is headquartered in Hamilton, Bermuda.

On February 23, AGO declared a quarterly dividend of $0.25 per share.

This is a 13.6% increase from prior dividend of $0.22. 

Payable March 23 for shareholders of record March 9, ex-div March 8.

 

 

Eaton Corporation plc (ETN)

Eaton Corporation plc operates as a power management company worldwide. Eaton Corporation plc was founded in 1911 and is based in Dublin, Ireland.

On February 23, ETN declared a quarterly dividend of $0.81 per share.

This is a 6.6% increase from prior dividend of $0.76. 

Payable March 31 for shareholders of record March 11, ex-div March 10.

 

Popular, Inc. (BPOP)

Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico and the United States. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit. Popular, Inc. was founded in 1893 and is headquartered in Hato Rey, Puerto Rico.

On February 23, BPOP declared a quarterly dividend of $0.55 per share.

This is a 22.2% increase from prior dividend of $0.45. 

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

 

Xcel Energy Inc. (XEL)

Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

On February 23, XEL declared a quarterly dividend of $0.4875 per share.

This is a 6.6% increase from prior dividend of $0.4575. 

Payable April 20 for shareholders of record March 15, ex-div March 14.

 

Universal Display Corporation (OLED)

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. As of February 18, 2021, it owned, exclusively licenses, or had sole rights to sublicense approximately 5,000 issued and pending patents worldwide. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey.

On February 23, OLED declared a quarterly dividend of $0.30 per share.

This is a 50.0% increase from prior dividend of $0.20. 

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

 

Danaher Corporation (DHR)

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company operates through three segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions. Danaher Corporation was founded in 1969 and is headquartered in Washington, the District of Columbia.

On February 23, DHR declared a quarterly dividend of $0.25 per share.

This is a 19.0% increase from prior dividend of $0.21. 

Payable April 29 for shareholders of record March 25, ex-div March 24.

 

 

CTO Realty Growth, Inc. (CTO)

CTO Realty Growth, Inc. is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.4 million square feet in diversified markets in the United States and an approximately 23.5% interest in Alpine Income Property Trust, Inc., a publicly traded net lease real estate investment trust (NYSE: PINE).

On February 23, CTO declared a quarterly dividend of $1.08 per share.

This is an 8.0% increase from prior dividend of $1.00. 

Payable March 31 for shareholders of record March 10, ex-div March 9.

 

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 February 23, BEN declared a quarterly dividend of $0.29 per share.

This is a 3.6% increase from prior dividend of $0.28. 

Payable April 14 for shareholders of record March 31, ex-div March 30.

 

Silgan Holdings Inc. (SLGN)

Silgan Holdings Inc., together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products in North America, Europe, and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. Silgan Holdings Inc. was founded in 1987 and is headquartered in Stamford, Connecticut.

On February 23, SLNG declared a quarterly dividend of $0.16 per share.

This is a 14.3% increase from prior dividend of $0.14. 

Payable March 31 for shareholders of record February 17, ex-div February 16.

 

First Savings Financial Group, Inc. (FSFG)

First Savings Financial Group, Inc. operates as the bank holding company for First Savings Bank that provides various financial services to consumers and businesses in southern Indiana. The company operates through three segments: Core Banking, SBA Lending, and Mortgage Banking. First Savings Financial Group, Inc. was incorporated in 2008 and is based in Jeffersonville, Indiana.

On February 23, FSFG declared a quarterly dividend of $0.13 per share.

This is an 8.3% increase from prior dividend of $0.12. 

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

 

Notable Analyst Upgrades and Downgrades for Week of February 21 2022

 

Upgrades:

 

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) was upgraded by equities research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Tuesday, Briefing.com reports. The brokerage presently has a $60.00 target price on the business services provider’s stock, down from their prior target price of $69.00. Royal Bank of Canada’s price target would indicate a potential upside of 17.00% from the stock’s current price.

RBA has been the topic of a number of other reports. OTR Global reissued a “negative” rating on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, November 2nd. Raymond James decreased their price objective on shares of Ritchie Bros. Auctioneers from $60.00 to $57.00 and set a “market perform” rating on the stock in a research note on Friday. Zacks Investment Research cut shares of Ritchie Bros. Auctioneers from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 27th. TD Securities raised shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and decreased their price objective for the company from $69.00 to $64.00 in a research note on Thursday, January 6th. Finally, Barrington Research reaffirmed a “hold” rating on shares of Ritchie Bros. Auctioneers in a research note on Wednesday, November 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Ritchie Bros. Auctioneers has a consensus rating of “Hold” and a consensus price target of $61.00. Read more …

 

Sysco (NYSE:SYY) was upgraded by analysts at Argus from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday, The Fly reports.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. decreased their price target on Sysco from $90.00 to $88.00 and set a "neutral" rating on the stock in a research report on Friday, December 17th. Barclays upgraded Sysco from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $80.00 to $86.00 in a research report on Wednesday, December 15th. Truist Financial started coverage on Sysco in a research report on Tuesday, February 1st. They issued a "buy" rating and a $89.00 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on Sysco in a research report on Tuesday, January 4th. They issued a "hold" rating and a $82.00 target price on the stock. Finally, Morgan Stanley lifted their target price on Sysco from $85.00 to $86.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 9th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $87.63. Read more …

 

American Water Works (NYSE:AWK) was upgraded by investment analysts at HSBC to a "buy" rating in a report released on Wednesday, Stock Target Advisor reports. The brokerage currently has a $182.00 target price on the utilities provider's stock, down from their prior target price of $190.00. HSBC's price objective indicates a potential upside of 23.11% from the company's previous close.

A number of other equities research analysts also recently issued reports on AWK. The Goldman Sachs Group downgraded American Water Works from a "buy" rating to a "neutral" rating and lowered their price target for the company from $191.00 to $177.00 in a research report on Wednesday, November 3rd. Wells Fargo & Company decreased their target price on American Water Works from $170.00 to $162.00 and set an "underweight" rating for the company in a research report on Wednesday, January 19th. UBS Group raised American Water Works from a "sell" rating to a "neutral" rating and decreased their target price for the stock from $164.00 to $161.00 in a research report on Monday, February 7th. Zacks Investment Research raised American Water Works from a "sell" rating to a "hold" rating and set a $163.00 target price for the company in a research report on Wednesday, February 9th. Finally, JPMorgan Chase & Co. downgraded American Water Works from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $172.00 to $171.00 in a research report on Friday, January 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $174.60. Read more …

 

 

Intel (NASDAQ:INTC) was upgraded by research analysts at Raymond James to a “market perform” rating in a research note issued to investors on Wednesday, Stock Target Advisor reports.

Other analysts also recently issued reports about the company. Bank of America lowered their price target on Intel from $55.00 to $52.00 and set an “underperform” rating for the company in a research report on Thursday, January 27th. Sanford C. Bernstein set a $40.00 price target on Intel in a research report on Tuesday, February 15th. Citigroup lowered their price target on Intel from $58.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, January 27th. BMO Capital Markets decreased their target price on Intel from $52.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, February 18th. Finally, Morgan Stanley set a $55.00 target price on Intel in a research report on Tuesday, December 7th. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $56.07. Read more …

 

Dollar General (NYSE:DG) was upgraded by equities researchers at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a research report issued to clients and investors on Friday, Briefing.com reports. The firm currently has a $220.00 price objective on the stock. Wells Fargo & Company's price objective indicates a potential upside of 15.30% from the stock's current price.

DG has been the subject of several other reports. Truist Financial started coverage on Dollar General in a research report on Thursday, January 13th. They issued a "hold" rating and a $228.00 target price for the company. BMO Capital Markets reiterated a "buy" rating and issued a $250.00 price objective on shares of Dollar General in a report on Friday, December 3rd. Morgan Stanley downgraded shares of Dollar General from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $250.00 to $225.00 in a research report on Tuesday, January 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Dollar General from $254.00 to $251.00 and set a "buy" rating on the stock in a report on Friday, December 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $239.89. Read more …

 

Home Depot (NYSE:HD) was upgraded by Edward Jones from a "hold" rating to a "buy" rating in a report issued on Friday, FinViz reports.

HD has been the topic of a number of other research reports. Robert W. Baird reduced their price objective on Home Depot from $425.00 to $380.00 in a research note on Tuesday. Barclays upped their price objective on Home Depot from $350.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, November 17th. TheStreet downgraded Home Depot from a "b" rating to a "c+" rating in a report on Tuesday. Credit Suisse Group upped their price objective on Home Depot from $357.00 to $450.00 and gave the company an "outperform" rating in a report on Thursday, November 18th. Finally, Evercore ISI increased their price target on Home Depot from $385.00 to $420.00 and gave the stock an "outperform" rating in a report on Wednesday, November 17th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of "Buy" and an average price target of $394.48. Read more …

 

 

 

Downgrades:

 

Eversource Energy (NYSE:ES) was downgraded by research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday, Analyst Ratings Network reports. They currently have a $80.00 price target on the utilities provider’s stock. Bank of America‘s target price points to a potential downside of 1.17% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. Morgan Stanley dropped their price objective on shares of Eversource Energy from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, February 18th. Wells Fargo & Company reduced their price objective on shares of Eversource Energy from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday. Mizuho raised Eversource Energy from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $82.00 to $87.00 in a research report on Thursday, October 28th. BMO Capital Markets lowered Eversource Energy from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a research report on Monday, January 10th. Finally, StockNews.com downgraded Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $88.00. Read more …

 

7 Passive Income Stocks To Buy Despite Rising Interest Rates

 

These seven top passive income stocks are ones to watch in 2022

 

Finding top passive income stocks to hold in one’s portfolio can provide positive long-term risk-adjusted returns. These stocks tend to be more stable, rising slower than high-growth stocks, but also declining less in downturns. For those concerned about the effect rising interest rates could have on the stock market, such passive income plays are worth considering.

 

Now, dividend-yielding stocks aren’t exempt from the pain of rising interest rates. Higher bond yields provide investors seeking risk-free yield with excellent alternatives to stocks. Accordingly, passive income stocks can see declines as investors recalibrate their portfolios toward fixed income or other alternative assets.

 

That said, for those looking to retain a strong allocation to equities, there are a number of passive income stocks worth considering. Many of the stocks on this list are high-growth passive income equities. Via raising their dividends each year, these stocks allow investors to protect their portfolios against inflation, to some degree. Most bonds don’t allow for that.

 

Additionally, these stocks also provide capital appreciation upside in good times. Should the market turn around, investors can participate in the upside of various rallies.

 

 

Accordingly, let’s take a look at seven top passive income stocks I think are worth a look right now.

 

Continue reading …

 

Dividend Increases Week 7 (Part 2)

 

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, 39 companies announced dividend increases and one decrease. This is the second part of the week’s notifications.

 

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.

 

 

 

 

 

Cisco Systems, Inc. (CSCO)

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data. Cisco Systems, Inc. was incorporated in 1984 and is headquartered in San Jose, California.

On February 16, CSCO declared a quarterly dividend of $0.38 per share.

This is a 2.7% increase from prior dividend of $0.37. 

Payable April 27 for shareholders of record April 6, ex-div April 5.

 

MVB Financial Corp. (MVBF)

MVB Financial Corp., together with its subsidiaries, provides banking and mortgage products and services to individuals and corporate clients in the United States. The company operates through three segments: Commercial and Retail Banking; Mortgage Banking; and Financial Holding Company. MVB Financial Corp. was founded in 1997 and is headquartered in Fairmont, West Virginia.

On February 16, MVBF declared a quarterly dividend of $0.17 per share.

This is a 13.3% increase from prior dividend of $0.15. 

Payable March 15 for shareholders of record March 1, ex-div February 28.

 

goeasy Ltd. (TSE:GSY)

goeasy Ltd. provides non-prime leasing and lending services to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. goeasy Ltd. was incorporated in 1990 and is headquartered in Mississauga, Canada

On February 16, GSY declared a quarterly dividend of C$0.91 per share.

This is a 37.9% increase from prior dividend of C$0.66. 

Payable April 8 for shareholders of record March 25, ex-div March 24.

 

Humana Inc. (HUM)

Humana Inc., together with its subsidiaries, operates as a health and well-being company in the United States. It operates through Retail, Group and Specialty, and Healthcare Services segments. The company offers medical and supplemental benefit plans to individuals. Humana Inc. was incorporated in 1964 and is headquartered in Louisville, Kentucky.

On February 17, HUM declared a quarterly dividend of $0.7875 per share.

This is a 12.5% increase from prior dividend of $0.70. 

Payable April 29 for shareholders of record March 31, ex-div March 30.

 

Walmart Inc. (WMT)

Walmart Inc. engages in the operation of retail, wholesale, and other units worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.

On February 17, WMT declared a quarterly dividend of $0.56 per share.

This is a 1.8% increase from prior dividend of $0.55. 

Payable April 4 for shareholders of record March 18, ex-div March 17.

 

 

Brunswick Corporation (BC)

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through Propulsion; Parts & Accessories; and Boat segments. Brunswick Corporation was founded in 1845 and is headquartered in Mettawa, Illinois.

On February 17, BC declared a quarterly dividend of $0.365 per share.

This is a 9.0% increase from prior dividend of $0.335. 

Payable March 15 for shareholders of record February 23, ex-div February 22.

 

Service Corporation International (SCI)

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. The company was incorporated in 1962 and is headquartered in Houston, Texas.

On February 17, SCI declared a quarterly dividend of $0.25 per share.

This is an 8.7% increase from prior dividend of $0.23. 

Payable March 31 for shareholders of record March 15, ex-div March 14.

 

United Bancorp, Inc. (UBCP)

United Bancorp, Inc. operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. It accepts demand, savings, and time deposits, as well as grants commercial, commercial and residential real estate, and consumer loans. United Bancorp, Inc. was founded in 1902 and is headquartered in Martins Ferry, Ohio.

On February 17, UBCP declared a quarterly dividend of $0.1525 per share.

This is a 1.7% increase from prior dividend of $0.15. 

Payable March 18 for shareholders of record March 10 ex-div March 9.

 

The Coca-Cola Company (KO)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores. The company was founded in 1886 and is headquartered in Atlanta, Georgia.

On February 17, KO declared a quarterly dividend of $0.44 per share.

This is a 4.8% increase from prior dividend of $0.42. 

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

 

Financial Institutions, Inc. (FISI)

Financial Institutions, Inc. operates as a holding company for the Five Star Bank that provides banking and financial services to individuals, municipalities, and businesses. The company offers checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan accounts. Financial Institutions, Inc. was founded in 1817 and is headquartered in Warsaw, New York.

On February 17, FISI declared a quarterly dividend of $0.29 per share.

This is a 7.4% increase from prior dividend of $0.27. 

Payable April 4 for shareholders of record March 18, ex-div March 17.

 

 

Telephone and Data Systems, Inc. (TDS)

Telephone and Data Systems, Inc., a telecommunications company, provides communications services in the United States. It operates through three segments: UScellular, Wireline, and Cable. The company was incorporated in 1968 and is headquartered in Chicago, Illinois.

On February 17, TDS declared a quarterly dividend of $0.18 per share.

This is a 2.9% increase from prior dividend of $0.175. 

Payable March 31 for shareholders of record March 15, ex-div March 14.

 

Medical Properties Trust, Inc. (MPW)

Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world’s largest owners of hospitals with 431 facilities and roughly 43,000 licensed beds in nine countries and across four continents on a pro forma basis. MPT’s financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.

On February 17, MPW declared a quarterly dividend of $0.29 per share.

This is a 3.6% increase from prior dividend of $0.28. 

Payable April 14 for shareholders of record March 17, ex-div March 16.

 

United Community Banks, Inc. (UCBI)

United Community Banks, Inc. operates as the financial holding company for United Community Bank that provides banking services for individuals, small businesses, and companies. The company accepts various deposit products, including checking, savings, money market, and other deposit accounts. United Community Banks, Inc. was founded in 1950 and is based in Blairsville, Georgia.

On February 17, UCBI declared a quarterly dividend of $0.21 per share.

This is a 5.0% increase from prior dividend of $0.20. 

Payable April 5 for shareholders of record March 15, ex-div March 14.

 

NextEra Energy, Inc. (NEE)

NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and fossil fuel, such as coal and natural gas facilities. NextEra Energy, Inc. was founded in 1925 and is headquartered in Juno Beach, Florida.

On February 18, NEE declared a quarterly dividend of $0.425 per share.

This is a 10.4% increase from prior dividend of $0.385. 

Payable March 15 for shareholders of record March 1, ex-div February 28.

 

PPL Corporation (PPL)

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.

On February 18, PPL declared a quarterly dividend of $0.20 per share.

This is a 51.8% decrease from prior dividend of $0.415. 

Payable April 1 for shareholders of record March 10, ex-div March 9.

 

 

Arbor Realty Trust, Inc. (ABR)

Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates in two segments, Structured Business and Agency Business. The company was incorporated in 2003 and is headquartered in Uniondale, New York.

On February 18, ABR declared a quarterly dividend of $0.37 per share.

This is a 2.8% increase from prior dividend of $0.36. 

Payable March 18 for shareholders of record March 4, ex-div March 3.

 

Avnet, Inc. (AVT)

Avnet, Inc., a technology solutions company, markets, sells, and distributes electronic components. The company operates through two segments, Electronic Components and Farnell. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.

On February 18, AVT declared a quarterly dividend of $0.26 per share.

This is an 8.3% increase from prior dividend of $0.24. 

Payable March 16 for shareholders of record March 2, ex-div March 1.

 

Peoples Bancorp of North Carolina, Inc. (PEBK)

Peoples Bancorp of North Carolina, Inc. operates as a bank holding company for Peoples Bank that provides various commercial and consumer banking products and services to individuals and small to medium-sized businesses. It offers checking, savings, money market, and time deposits; demand deposits; and certificates of deposit. Peoples Bancorp of North Carolina, Inc. was founded in 1912 and is headquartered in Newton, North Carolina.

On February 18, PEBK declared a quarterly dividend of $0.18 per share.

This is a 5.9% increase from prior dividend of $0.17. 

Payable March 15 for shareholders of record March 3, ex-div March 2.

 

The Allstate Corporation (ALL)

The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Protection Services, Allstate Life, and Allstate Benefits segments. The Allstate Corporation was founded in 1931 and is based in Northbrook, Illinois.

On February 18, ALL declared a quarterly dividend of $0.85 per share.

This is a 4.9% increase from prior dividend of $0.81. 

Payable April 1 for shareholders of record February 28, ex-div February 25.

 

Aon plc (AON)

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance solutions provider; and health solutions, such as health and benefits brokerages, and health care exchanges. Aon plc was founded in 1919 and is headquartered in Dublin, Ireland.

On February 18, AON declared a quarterly dividend of $0.56 per share.

This is a 9.8% increase from prior dividend of $0.51. 

Payable May

 

Dividend Increases Week 7 (Part 1)

 

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, 39 companies announced dividend increases and one decrease. This is the first part of the week’s notifications.

 

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.

 

 

 

 

 

Jack Henry & Associates, Inc. (JKHY)

Jack Henry & Associates, Inc. provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. Jack Henry & Associates, Inc. was founded in 1976 and is headquartered in Monett, Missouri.

On February 14, JKHY declared a quarterly dividend of $0.49 per share.

This is a 6.5% increase from prior dividend of $0.46. 

Payable March 25 for shareholders of record March 8, ex-div March 7.

 

FirstService Corporation (FSV)

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. The company operates in two segments, FirstService Residential and FirstService Brands. FirstService Corporation was founded in 1989 and is headquartered in Toronto, Canada.

On February 14, FSV declared a quarterly dividend of $0.2025 per share.

This is an 11.0% increase from prior dividend of $0.1825. 

Payable April 7 for shareholders of record March 31, ex-div march 30.

 

Genuine Parts Company (GPC)

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. The company distributes automotive replacement parts for imported vehicles, hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and accessory and supply items used by various automotive aftermarket customers, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals. The company was incorporated in 1928 and is headquartered in Atlanta, Georgia.

On February 14, GPC declared a quarterly dividend of $0.895 per share.

This is a 9.8% increase from prior dividend of $0.815. 

Payable April 1 for shareholders of record March 4, ex-div March 3.

 

Whirlpool Corporation (WHR)

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. Whirlpool Corporation was founded in 1911 and is headquartered in Benton Harbor, Michigan.

On February 14, WHR declared a quarterly dividend of $1.75 per share.

This is a 25.0% increase from prior dividend of $1.40. 

Payable March 15 for shareholders of record February 25, ex-div February 24.

 

Restaurant Brands International Inc. (QSR)

Restaurant Brands International Inc. owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brands. The company operates through three segments: TH, BK, and PLK. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Toronto, Canada.

On February 15, QSR declared a quarterly dividend of $0.54 per share.

This is a 1.9% increase from prior dividend of $0.53. 

Payable April 6 for shareholders of record March 23, ex-div March 22.

 

 

TC Energy Corporation (TRP)

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Storage. The company builds and operates 93,300 km network of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.

On February 15, TRP declared a quarterly dividend of C$0.90 per share.

This is a 3.4% increase from prior dividend of C$0.87. 

Payable April 29 for shareholders of record March 31, ex-div March 30.

 

Magna International Inc. (MGA)

Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. The company operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.

On February 15, MGA declared a quarterly dividend of $0.45 per share.

This is a 4.7% increase from prior dividend of $0.43. 

Payable March 11 for shareholders of record February 25, ex-div February 24.

 

Public Service Enterprise Group Incorporated (PEG)

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.

On February 15, PEG declared a quarterly dividend of $0.54 per share.

This is a 5.9% increase from prior dividend of $0.51. 

Payable March 31 for shareholders of record March 10, ex-div March 9.

 

Kinsale Capital Group, Inc. (KNSL)

Kinsale Capital Group, Inc., a specialty insurance company, provides property and casualty insurance products in the United States. Its commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance. The company markets and sells its insurance products in all 50 states, the District of Columbia, the Commonwealth of Puerto Rico, and the U.S. Virgin Islands primarily through a network of independent insurance brokers. Kinsale Capital Group, Inc. was founded in 2009 and is headquartered in Richmond, Virginia.

On February 15, KNSL declared a quarterly dividend of $0.13 per share.

This is an 18.2% increase from prior dividend of $0.11. 

Payable March 14 for shareholders of record March 2, ex-div March 1.

 

Global Industrial Company (GIC)

Global Industrial Company, through its subsidiaries, operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America. It sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance products, furniture and office products, workbenches and shop desks, HVAC/R and fans, safety and security products, outdoor and grounds maintenance products, tools and instruments, and office and school supplies. The company was formerly known as Systemax Inc. Global Industrial Company was founded in 1949 and is headquartered in Port Washington, New York.

On February 15, GIC declared a quarterly dividend of $0.18 per share.

This is a 12.5% increase from prior dividend of $0.16. 

Payable April 15 for shareholders of record March 31, ex-div March 30.

 

 

First Financial Northwest, Inc. (FFNW)

First Financial Northwest, Inc. operates as the bank holding company for First Financial Northwest Bank that provides commercial banking services in Washington. The company offers a range of deposit products, including noninterest bearing accounts, interest-bearing demand accounts, money market deposit accounts, statement savings accounts, and certificates of deposit. First Financial Northwest, Inc. was founded in 1923 and is headquartered in Renton, Washington.

On February 15, FFNW declared a quarterly dividend of $0.12 per share.

This is a 9.1% increase from prior dividend of $0.11. 

Payable March 25 for shareholders of record March 11, ex-div March 10.

 

Sonic Automotive, Inc. (SAH)

Sonic Automotive, Inc. operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products. Sonic Automotive, Inc. was founded in 1997 and is based in Charlotte, North Carolina.

On February 16, SAH declared a quarterly dividend of $0.25 per share.

This is a 108.3% increase from prior dividend of $0.12. 

Payable April 14 for shareholders of record March 15, ex-div March 14.

 

Nu Skin Enterprises, Inc. (NUS)

Nu Skin Enterprises, Inc. develops and distributes beauty and wellness products worldwide. It provides skin care systems, including ageLOC Spa systems, ageLOC Transformation anti-aging skin care systems, and ageLOC LumiSpa skin treatment and cleansing devices; and ageLOC Boost, as well as a range of other cosmetic and personal care products. Nu Skin Enterprises, Inc. was founded in 1984 and is headquartered in Provo, Utah.

On February 16, NUS declared a quarterly dividend of $0.385 per share.

This is a 1.3% increase from prior dividend of $0.38. 

Payable March 9 for shareholders of record February 28, ex-div February 25.

 

Extra Space Storage Inc. (EXR)

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company is the second largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the United States.

On February 16, EXR declared a quarterly dividend of $1.50 per share.

This is a 20.0% increase from prior dividend of $1.25. 

Payable March 31 for shareholders of record March 15, ex-div March 14.

 

Evans Bancorp, Inc. (EVBN)

Evans Bancorp, Inc. primarily operates as the financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in Western New York and the Finger Lakes Region of New York State. It operates in two segments, Banking Activities and Insurance Agency Activities. Evans Bancorp, Inc. was founded in 1920 and is headquartered in Williamsville, New York.

On February 16, EVBN declared a semi-annual dividend of $0.62 per share.

This is a 3.3% increase from prior dividend of $0.60. 

Payable April 5 for shareholders of record March 11, ex-div March 10.

 

 

The Sherwin-Williams Company (SHW)

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.

On February 16, SHW declared a quarterly dividend of $0.60 per share.

This is a 9.1% increase from prior dividend of $0.55. 

Payable March 11 for shareholders of record February 28, ex-div February 25.

 

Perrigo Company plc (PRGO)

Perrigo Company plc provides over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to prevent or treat conditions that can be self-managed. The company operates through Consumer Self-Care Americas, Consumer Self-Care International, and Prescription Pharmaceuticals segments. Perrigo Company plc was founded in 1887 and is headquartered in Dublin, Ireland.

On February 16, PRGO declared a quarterly dividend of $0.26 per share.

This is an 8.3% increase from prior dividend of $0.24. 

Payable March 17 for shareholders of record February 28, ex-div February 25.

 

CSX Corporation (CSX)

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It transports chemicals, agricultural and food products, automotive, minerals, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida.

On February 16, CSX declared a quarterly dividend of $0.10 per share.

This is a 7.5% increase from prior dividend of $0.093. 

Payable March 15 for shareholders of record February 28, ex-div February 25.

 

Equinix, Inc. (EQIX)

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.

On February 16, EQIX declared a quarterly dividend of $3.10 per share.

This is an 8.0% increase from prior dividend of $2.87. 

Payable March 23 for shareholders of record March 7, ex-div March 4.

 

EnPro Industries, Inc. (NPO)

EnPro Industries, Inc. engages in the design, development, manufacture, marketing, and service of engineered industrial products worldwide. It operates through three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The company was incorporated in 2002 and is headquartered in Charlotte, North Carolina.

On February 16, NPO declared a quarterly dividend of $0.28 per share.

This is a 3.7% increase from prior dividend of $0.27. 

Payable March 16 for shareholders of record March 2, ex-div March 1.