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.
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