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 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.
Cogent Communications Holdings, Inc. (CCOI)
Cogent Communications Holdings, Inc., through its
subsidiaries, provides high-speed Internet access, private network, and data
center colocation space services in North America, Europe, Asia, South America,
Australia, and Africa. Cogent Communications Holdings, Inc. was founded in 1999
and is headquartered in Washington, the District of Columbia.
On February 24, CCOI declared a quarterly dividend of $0.855 per share.
This is a 3.0%
increase from prior dividend of $0.83.
Payable March 25 for
shareholders of record April 9, ex-div April 8.
Cohen & Steers, Inc. (CNS)
Cohen & Steers, Inc. is a publicly owned asset
management holding company. Through its subsidiaries, the firm provides its
services to institutional investors, including pension funds, endowments, and
foundations. It manages separate client-focused equity, fixed income,
multi-asset, and commodity portfolios through its subsidiaries. Cohen &
Steers, Inc. was founded in 1986 and is based in New York.
On February 24, CNS declared a quarterly dividend of $0.55 per share.
This is a 22.2%
increase from prior dividend of $0.45.
Payable March 17 for
shareholders of record March 7, ex-div March 4.
WesBanco, Inc. (WSBC)
WesBanco, Inc. operates as the bank holding company for
WesBanco Bank, Inc. that provides retail banking, corporate banking, personal
and corporate trust, brokerage, and mortgage banking and insurance services. It
operates in two segments, Community Banking, and Trust and Investment Services.
WesBanco, Inc. was founded in 1870 and is headquartered in Wheeling, West
Virginia.
On February 24, WSBC declared a quarterly dividend of $0.34 per share.
This is a 3.0%
increase from prior dividend of $0.33.
Payable April 1 for
shareholders of record March 11, ex-div March 10.
Essex Property Trust, Inc. (ESS)
Essex Property Trust, Inc., an S&P 500 company, is a
fully integrated real estate investment trust (REIT) that acquires, develops,
redevelops, and manages multifamily residential properties in selected West
Coast markets. Essex currently has ownership interests in 246 apartment
communities comprising approximately 60,000 apartment homes with an additional
6 properties in various stages of active development.
On February 24, ESS declared a quarterly dividend of $2.20 per share.
This is a 5.3%
increase from prior dividend of $2.09.
Payable April 14 for
shareholders of record March 31, ex-div March 30.
National Storage Affiliates Trust (NSA)
National Storage Affiliates Trust is a Maryland real estate
investment trust focused on the ownership, operation and acquisition of self
storage properties located within the top 100 metropolitan statistical areas
throughout the United States. As of September 30, 2020, the Company held
ownership interests in and operated 788 self storage properties located in 35
states and Puerto Rico with approximately 49.5 million rentable square feet.
NSA is one of the largest owners and operators of self storage properties among
public and private companies in the United States.
On February 24, NSA declared a quarterly dividend of $0.50 per share.
This is an 11.1% increase
from prior dividend of $0.45.
Payable March 31 for
shareholders of record March 15, ex-div March 14.
LeMaitre Vascular, Inc. (LMAT)
LeMaitre Vascular, Inc. designs, markets, sells, services,
and supports medical devices and implants for the treatment of peripheral
vascular disease worldwide. It offers angioscope, a fiberoptic catheter used
for viewing the lumen of a blood vessel; embolectomy catheters to remove blood
clots from arteries or veins; occlusion catheters that temporarily occlude the
blood flow; perfusion catheters to perfuse the blood and other fluids into the
vasculature; and thrombectomy catheters, which features a silicone balloon for
removing thrombi in the venous system. LeMaitre Vascular, Inc. was incorporated
in 1983 and is headquartered in Burlington, Massachusetts.
On February 24, LMAT declared a quarterly dividend of $0.125 per share.
This is a 13.6%
increase from prior dividend of $0.11.
Payable March 24 for
shareholders of record March 8, ex-div March 7.
Albemarle Corporation (ALB)
Albemarle Corporation develops, manufactures, and markets
engineered specialty chemicals worldwide. It operates through three segments:
Lithium, Bromine, and Catalysts. Albemarle Corporation was founded in 1887 and
is headquartered in Charlotte, North Carolina.
On February 24, ALB declared a quarterly dividend of $0.395 per share.
This is a 1.3%
increase from prior dividend of $0.39.
Payable April 1 for
shareholders of record March 18, ex-div March 17.
Southwest Gas Holdings, Inc. (SWX)
Southwest Gas Holdings, Inc., through its subsidiaries,
purchases, distributes, and transports natural gas in Arizona, Nevada, and
California. The company operates in two segments, Natural Gas Operations and
Utility Infrastructure Services. Southwest Gas Holdings, Inc. was incorporated
in 1931 and is headquartered in Las Vegas, Nevada.
On February 24, SWX declared a quarterly dividend of $0.62 per share.
This is a 4.2%
increase from prior dividend of $0.595.
Payable June 1 for
shareholders of record May 16, ex-div May 13.
Sempra (SRE)
Sempra operates as an energy-services holding company in the
United States and internationally. The company’s San Diego Gas & Electric
Company segment generates, transmits, and distributes electricity; and supplies
natural gas. Sempra was founded in 1998 and is headquartered in San Diego,
California.
On February 25, SRE declared a quarterly dividend of $1.145 per share.
This is a 4.1%
increase from prior dividend of $1.10.
Payable April 15 for
shareholders of record March 25, ex-div March 24.
Northrim BanCorp, Inc. (NRIM)
Northrim BanCorp, Inc. operates as the bank holding company
for Northrim Bank that provides commercial banking products and services to
businesses and professional individuals. It operates in two segments, Community
Banking and Home Mortgage Lending. Northrim BanCorp, Inc. was founded in 1990
and is headquartered in Anchorage, Alaska.
On February 25, NRIM declared a quarterly dividend of $0.41 per share.
This is a 7.9%
increase from prior dividend of $0.38.
Payable March 18 for
shareholders of record March 10, ex-div March 9.
Old Republic International Corporation (ORI)
Old Republic International Corporation, through its
subsidiaries, engages in the insurance underwriting and related services
business primarily in the United States and Canada. The company operates
through three segments: General Insurance, Title Insurance, and the Republic
Financial Indemnity Group Run-off Business. Old Republic International
Corporation was founded in 1923 and is based in Chicago, Illinois.
On February 25, ORI declared a quarterly dividend of $0.23 per share.
This is a 4.5%
increase from prior dividend of $0.22.
Payable March 15 for
shareholders of record March 7, ex-div March 4.
Prologis, Inc. (PLD)
Prologis, Inc. is the global leader in logistics real estate
with a focus on high-barrier, high-growth markets. As of December 31, 2020, the
company owned or had investments in, on a wholly owned basis or through
co-investment ventures, properties and development projects expected to total
approximately 984 million square feet (91 million square meters) in 19
countries. Prologis leases modern logistics facilities to a diverse base of
approximately 5,500 customers principally across two major categories:
business-to-business and retail/online fulfillment.
On February 24, PLD declared a quarterly dividend of $0.79 per share.
This is a 24.5%
increase from prior dividend of $0.63.
Payable March 31 for
shareholders of record March 18, ex-div March 17.
L3Harris Technologies, Inc. (LHX)
L3Harris Technologies, Inc., an aerospace and defense
technology company, provides mission-critical solutions for government and
commercial customers worldwide. The company was formerly known as Harris
Corporation and changed its name to L3Harris Technologies, Inc. in June 2019.
L3Harris Technologies, Inc. was founded in 1895 and is headquartered in
Melbourne, Florida.
On February 25, LHX declared a quarterly dividend of $1.12 per share.
This is a 9.8%
increase from prior dividend of $1.02.
Payable March 25 for
shareholders of record March 11, ex-div March 10.
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