Dividend Increases Week 6 (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, 21 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.

 

 

 

 

 

The Interpublic Group of Companies, Inc. (IPG)

The Interpublic Group of Companies, Inc. provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data management services. The Interpublic Group of Companies, Inc. was founded in 1902 and is headquartered in New York, New York.

On February 10, IPG declared a quarterly dividend of $0.29 per share.

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

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

 

Brookfield Asset Management Inc. (BAM)

Brookfield Asset Management is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients. It typically makes investments in sizeable, premier assets across geographies and asset classes. It invests both its own capital as well as capital from other investors. Brookfield Asset Management Inc. was founded in 1997 and based in Toronto, Canada

On February 10, BAM declared a quarterly dividend of $0.14 per share.

This is a 7.7% increase from prior dividend of $0.13. 

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

 

Moody's Corporation (MCO)

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Investors Service and Moody’s Analytics. The company was formerly known as Dun and Bradstreet Company and changed its name to Moody's Corporation in September 2000. Moody's Corporation was founded in 1900 and is headquartered in New York, New York.

On February 10, MCO declared a quarterly dividend of $0.70 per share.

This is a 12.9% increase from prior dividend of $0.62. 

Payable March 18 for shareholders of record February 25, ex-div February 24.

 

Watsco, Inc. (WSO)

Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners, including gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.

On February 10, WSO declared an annual dividend of $8.80 per share.

This is an 8.0% increase from prior dividend of $7.80. 

The raised dividend will be effective at its next scheduled quarterly payment date on April 29, 2022.

 

Robert Half International Inc. (RHI)

Robert Half International Inc. provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. Robert Half International Inc. was founded in 1948 and is headquartered in Menlo Park, California.

On February 10, RHI declared a quarterly dividend of $0.43 per share.

This is a 13.2% increase from prior dividend of $0.38. 

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

 

 

Community Healthcare Trust Incorporated (CHCT)

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. The Company had investments of approximately $667.3 million in 131 real estate properties as of September 30, 2020, located in 33 states, totaling approximately 2.8 million square feet.

On February 10, CHCT declared a quarterly dividend of $0.4375 per share.

This is a 0.6% increase from prior dividend of $0.435. 

Payable March 1 for shareholders of record February 22, ex-div February 18.

 

Genpact Limited (G)

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. It operates in three segments: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services. Genpact Limited was founded in 1997 and is based in Hamilton, Bermuda.

On February 11, G declared a quarterly dividend of $0.125 per share.

This is a 16.3% increase from prior dividend of $0.1075. 

Payable March 23 for shareholders of record March 10, ex-div March 9.

 

Lake Shore Bancorp, Inc. (LSBK)

Lake Shore Bancorp, Inc. operates as the savings and loan holding company for Lake Shore Savings Bank that provides banking products and services. The company was founded in 1891 and is headquartered in Dunkirk, New York. Lake Shore Bancorp, Inc. operates as a subsidiary of Lake Shore, MHC.

On February 11, LSBK declared a quarterly dividend of $0.16 per share.

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

Payable March 17 for shareholders of record February 24 ex-div February 23.

 

Ameren Corporation (AEE)

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. It primarily generates electricity through coal, nuclear, and natural gas, as well as renewable sources, such as hydroelectric, wind, methane gas, and solar. The company serves residential, commercial, and industrial customers. The company was founded in 1881 and is headquartered in St. Louis, Missouri.

On February 11, AEE declared a quarterly dividend of $0.59 per share.

This is a 7.3% increase from prior dividend of $0.55. 

Payable March 31 for shareholders of record March 9, ex-div March 8.

 

Vulcan Materials Company (VMC)

Vulcan Materials Company produces and supplies construction aggregate primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company was formerly known as Virginia Holdco, Inc. and changed its name to Vulcan Materials Company. Vulcan Materials Company was founded in 1909 and is headquartered in Birmingham, Alabama.

On February 11, VMC declared a quarterly dividend of $0.40 per share.

This is an 8.1% increase from prior dividend of $0.37. 

Payable March 14 for shareholders of record March 1, ex-div February 28.