Dividend Increases Week 6 (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, 21 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.

 

 

 

 

 

CNA Financial Corporation (CNA)

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company was founded in 1853 and is headquartered in Chicago, Illinois. CNA Financial Corporation is a subsidiary of Loews Corporation.

On February 7, CNA declared a quarterly dividend of $0.40 per share.

This is a 5.3% increase from prior dividend of $0.38. 

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

 

Thomson Reuters Corporation (TRI)

Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The company was founded in 1851 and is headquartered in Toronto, Canada. Thomson Reuters Corporation is a subsidiary of The Woodbridge Company Limited.

On February 8, TRI declared a quarterly dividend of $0.445 per share.

This is a 9.9% increase from prior dividend of $0.405. 

Payable March 15 for shareholders of record February 24, ex-div February 23.

 

Utah Medical Products, Inc. (UTMD)

Utah Medical Products, Inc. develops, manufactures, and distributes medical devices for the healthcare industry. The company offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools. The company was incorporated in 1978 and is headquartered in Midvale, Utah.

On February 8, UTMD declared a quarterly dividend of $0.29 per share.

This is a 1.8% increase from prior dividend of $0.285. 

Payable April 5 for shareholders of record March 18, ex-div March 17.

 

T. Rowe Price Group, Inc. (TROW)

T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland

On February 8, TROW declared a quarterly dividend of $1.20 per share.

This is an 11.1% increase from prior dividend of $1.08. 

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

 

Auburn National Bancorporation, Inc. (AUBN)

Auburn National Bancorporation, Inc. operates as the bank holding company for AuburnBank that provides various banking products and services in East Alabama. The company’s deposit products include checking, savings, and transaction deposit accounts, as well as certificates of deposit. Auburn National Bancorporation, Inc. was founded in 1907 and is headquartered in Auburn, Alabama.

On February 8, AUBN declared a quarterly dividend of $0.265 per share.

This is a 1.9% increase from prior dividend of $0.26. 

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

 

 

Primerica, Inc. (PRI)

Primerica, Inc., together with its subsidiaries, provides financial products to middle-income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products. Primerica, Inc. was founded in 1927 and is headquartered in Duluth, Georgia.

On February 8, PRI declared a quarterly dividend of $0.55 per share.

This is a 17.0% increase from prior dividend of $0.47. 

Payable March 14 for shareholders of record February 22, ex-div February 18.

 

3M Company (MMM)

3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The company was founded in 1902 and is based in St. Paul, Minnesota.

On February 8, MMM declared a quarterly dividend of $1.49 per share.

This is a 0.7% increase from prior dividend of $1.48. 

Payable March 12 for shareholders of record February 18, ex-div February 17.

 

Healthcare Services Group, Inc. (HCSG)

Healthcare Services Group, Inc. provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary. Healthcare Services Group, Inc. was incorporated in 1976 and is based in Bensalem, Pennsylvania.

On February 9, HCSG declared a quarterly dividend of $0.21125 per share.

This is a 0.6% increase from prior dividend of $0.21. 

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

 

First Industrial Realty Trust, Inc. (FR)

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 64.1 million square feet of industrial space as of September 30, 2020.

On February 9, FR declared a quarterly dividend of $0.295 per share.

This is a 9.3% increase from prior dividend of $0.27. 

Payable April 18 for shareholders of record March 31, ex-div March 30.

 

Rexford Industrial Realty, Inc. (REXR)

Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.

On February 9, REXR declared a quarterly dividend of $0.315 per share.

This is a 31.3% increase from prior dividend of $0.24. 

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

 

 

PepsiCo, Inc. (PEP)

PepsiCo, Inc. operates as a food and beverage company worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East, and South Asia; and Asia Pacific, Australia and New Zealand and China Region. The company was founded in 1898 and is headquartered in Purchase, New York.

On February 10, PEP declared a annual dividend of $4.60 per share.

This is a 7.0% increase from prior dividend of $4.30. 

Effective with the dividend expected to be paid in June 2022