Dividend Increases Week 5 (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, 28 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period. This is the first part of the weeks 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.

 

 

 

 

 

German American Bancorp, Inc. (GABC)

German American Bancorp, Inc. operates as the bank holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. German American Bancorp, Inc. was founded in 1910 and is based in Jasper, Indiana.

On January 31, GABC declared a quarterly dividend of $0.23 per share.

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

Payable February 20 for shareholders of record February 10, ex-div February 9.

 

United Parcel Service, Inc. (UPS)

United Parcel Service, Inc. provides letter and package delivery, transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia.

On February 1, UPS declared a quarterly dividend of $1.52 per share.

This is a 49.0% increase from prior dividend of $1.02. 

Payable March 10 for shareholders of record February 22, ex-div February 18.

 

CSG Systems International, Inc. (CSGS)

CSG Systems International, Inc. provides revenue management, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was incorporated in 1994 and is headquartered in Greenwood Village, Colorado.

On February 1, CSGS declared a quarterly dividend of $0.265 per share.

This is a 6.0% increase from prior dividend of $0.25. 

Payable March 30 for shareholders of record March 18, ex-div March 17.

 

Gilead Sciences, Inc. (GILD)

Gilead Sciences, Inc., a research-based biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally. The company was founded in 1987 and is headquartered in Foster City, California.

On February 1, GILD declared a quarterly dividend of $0.73 per share.

This is a 2.8% increase from prior dividend of $0.71. 

Payable March 30 for shareholders of record March 15, ex-div March 14.

 

Midland States Bancorp, Inc. (MSBI)

Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposits. The company was founded in 1881 and is headquartered in Effingham, Illinois.

On February 1, MSBI declared a quarterly dividend of $0.29 per share.

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

Payable February 18 for shareholders of record February 11, ex-div February 10.

 

 

Old Dominion Freight Line, Inc. (ODFL)

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. It owns 9,288 tractors and 42 maintenance centers. As of August 3, 2021, it owned 248 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is based in Thomasville, North Carolina.

On February 2, ODFL declared a quarterly dividend of $0.30 per share.

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

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

 

Brookfield Infrastructure Partners L.P. (BIP)

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company was incorporated in 2007 and is based in Hamilton, Bermuda. Brookfield Infrastructure Partners L.P. is a subsidiary of Brookfield Asset Management Inc.

On February 2, BIP 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 February 28, ex-div February 25.

 

Corning Incorporated (GLW)

Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

On February 2, GLW declared a quarterly dividend of $0.27 per share.

This is a 12.5% increase from prior dividend of $0.24. 

Payable March 30 for shareholders of record February 28, ex-div February 25.

 

Eversource Energy (ES)

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy is based in Springfield, Massachusetts.

On February 2, ES declared a quarterly dividend of $0.6375 per share.

This is a 5.8% increase from prior dividend of $0.6025.  

Payable March 31 for shareholders of record March 3, ex-div March 3.

 

Hawkins, Inc. (HWKN)

Hawkins, Inc. blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationally. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The company was founded in 1938 and is headquartered in Roseville, Minnesota.

On February 2, HWKN declared a quarterly dividend of $0.14 per share.

This is a 7.7% increase from prior dividend of $0.14. 

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

 

 

ALLETE, Inc. (ALE)

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

On February 3, ALE declared a quarterly dividend of $0.65 per share.

This is a 3.2% increase from prior dividend of $0.63. 

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

 

PNM Resources, Inc. (PNM)

PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. PNM Resources, Inc. was incorporated in 1917 and is headquartered in Albuquerque, New Mexico.

On February 3, PNM declared a quarterly dividend of $0.3475 per share.

This is a 6.1% increase from prior dividend of $0.3275. 

Payable February 24 for shareholders of record February 14, ex-div February 11.

 

Quest Diagnostics Incorporated (DGX)

Quest Diagnostics Incorporated provides diagnostic testing, information, and services in the United States and internationally. The company develops and delivers diagnostic information services, such as routine testing, non-routine and advanced clinical testing, anatomic pathology testing, and other diagnostic information services. Quest Diagnostics Incorporated was founded in 1967 and is headquartered in Secaucus, New Jersey.

On February 3, GDX declared a quarterly dividend of $0.66 per share.

This is a 6.5% increase from prior dividend of $0.62. 

Payable April 20 for shareholders of record April 6, ex-div April 5.

 

BCE Inc. (BCE)

BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada.

On February 3, BCE declared a quarterly dividend of C$0.92 per share.

This is a 5.1% increase from prior dividend of C$0.875. 

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

 

Enviva Inc. (EVA)

Enviva Inc. produces and sells utility-grade wood pellets. The company's products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, Europe, and Japan. The company was formerly known as Enviva Partners, LP. Enviva Inc. was founded in 2013 and is headquartered in Bethesda, Maryland.

On February 3, EVA declared a quarterly dividend of $0.86 per share.

This is a 2.4% increase from prior dividend of $0.84. 

Payable February 25 for shareholders of record February 14, ex-div February 11.