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

 

 

 

 

 

Intercontinental Exchange, Inc. (ICE)

Intercontinental Exchange, Inc., together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. Intercontinental Exchange, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.

On February 3, ICE declared a quarterly dividend of $0.38 per share.

This is a 15.2% increase from prior dividend of $0.33. 

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

 

CME Group Inc. (CME)

CME Group Inc., together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income products through its electronic trading platforms, open outcry, and privately negotiated transactions. CME Group Inc. was founded in 1898 and is headquartered in Chicago, Illinois.

On February 3, CME declared a quarterly dividend of $1.00 per share.

This is a 11.1% increase from prior dividend of $0.90. 

Payable March 25 for shareholders of record March 10, ex-div March 9.

 

Xylem Inc. (XYL)

Xylem Inc., together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. Xylem Inc. is headquartered in Rye Brook, New York.

On February 3, XYL declared a quarterly dividend of $0.30 per share.

This is a 7.1% increase from prior dividend of $0.28. 

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

 

Air Products and Chemicals, Inc. (APD)

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company was founded in 1940 and is headquartered in Allentown, Pennsylvania.

On February 3, APD declared a quarterly dividend of $1.62 per share.

This is an 8.0% increase from prior dividend of $1.50. 

Payable May 9 for shareholders of record April 1, ex-div March 31.

 

Microchip Technology Incorporated (MCHP)

Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications in the Americas, Europe, and Asia. Microchip Technology Incorporated was incorporated in 1989 and is headquartered in Chandler, Arizona.

On February 3, MCHP declared a quarterly dividend of $0.253 per share.

This is a 9.1% increase from prior dividend of $0.232. 

Payable March 8 for shareholders of record February 22, ex-div February 18.

 

 

Prudential Financial, Inc. (PRU)

Prudential Financial, Inc., together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.

On February 3, PRU declared a quarterly dividend of $1.20 per share.

This is a 4.3% increase from prior dividend of $1.15. 

Payable March 11 for shareholders of record February 15, ex-div February 14.

 

Southside Bancshares, Inc. (SBSI)

Southside Bancshares, Inc. operates as the bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposit. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.

On February 3, SBSI declared a quarterly dividend of $0.34 per share.

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

Payable March 3 for shareholders of record February 17, ex-div February 16.

 

Avista Corporation (AVA)

Avista Corporation operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. Avista Corporation was incorporated in 1889 and is headquartered in Spokane, Washington.

On February 3, AVA declared a quarterly dividend of $0.44 per share.

This is a 4.1% increase from prior dividend of $0.4225. 

Payable March 15 for shareholders of record February 18 ex-div February 17.

 

Brookfield Renewable Partners L.P. (BEP)

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources. Brookfield Renewable Partners L.P. was founded in 1999 and is based in Toronto, Canada.

On February 4, BEP declared a quarterly dividend of $0.32 per share.

This is a 5.3% increase from prior dividend of $0.3038. 

Payable March 31 for shareholders of record February 28, ex-div February 25.

 

Commerce Bancshares, Inc. (CBSH)

Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth. The company was founded in 1865 and is headquartered in Kansas City, Missouri.

On February 4, CBSH declared a quarterly dividend of $0.265 per share.

This is a 1.0% increase from prior dividend of $0.2625. 

Payable March 23 for shareholders of record March 8, ex-div February 7.

 

 

Otter Tail Corporation (OTTR)

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. The company’s Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator, Inc. markets. Otter Tail Corporation was founded in 1907 and is headquartered in Fergus Falls, Minnesota.

On February 4, OTTR declared a quarterly dividend of $0.4125 per share.

This is a 5.8% increase from prior dividend of $0.39. 

Payable March 10 for shareholders of record February 15, ex-div February 14.

 

RenaissanceRe Holdings Ltd. (RNR)

RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda.

On February 4, RNR declared a quarterly dividend of $0.37 per share.

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

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

 

Allegion plc (ALLE)

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. Allegion plc was incorporated in 2013 and is headquartered in Dublin, Ireland.

On February 4, ALLE declared a quarterly dividend of $0.41 per share.

This is a 13.9% increase from prior dividend of $0.36. 

Payable March 31 for shareholders of record March 16, ex-div March 14.