Dividend Increases Week 10



 

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, 10 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period. 

 

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.

 

 

 

 

 

Horace Mann Educators Corporation (HMN)

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits. Horace Mann Educators Corporation was founded in 1945 and is headquartered in Springfield, Illinois.

On March 7, HMN declared a quarterly dividend of $0.32 per share.

This is a 3.2% increase from prior dividend of $0.31. 

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

 

Equity LifeStyle Properties, Inc. (ELS)

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

On March 8, ELS declared a quarterly dividend of $0.41 per share.

This is a 13.1% increase from prior dividend of $0.3625. 

Payable April 8 for shareholders of record March 25, ex-div march 24.

 

Globe Life Inc. (GL)

Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. Globe Life Inc. was incorporated in 1979 and is headquartered in McKinney, Texas.

On March 8, GL declared a quarterly dividend of $0.2075 per share.

This is a 5.1% increase from prior dividend of $0.1975. 

Payable April 29 for shareholders of record April 4, ex-div April 1.

 

QUALCOMM Incorporated (QCOM)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). QUALCOMM Incorporated was incorpotared in 1985 and is headquartered in San Diego, California.

On March 9, QCOM declared a quarterly dividend of $0.75 per share.

This is a 10.3% increase from prior dividend of $0.68. 

This raise is effective for quarterly dividends payable after March 24, 2022.

 

Stella-Jones Inc. (TSE:SJ)

Stella-Jones Inc. produces and markets pressure-treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers for outdoor applications; industrial products, including pilings, wharf and bridge timbers, crane mats, railway crossings, and laminated poles; construction timbers; and coal tar-based products. The company was incorporation in 1992 and is based in Saint-Laurent, Canada.

On March 9, TSE:SJ declared a quarterly dividend of C$0.2 per share.

This is an 11.1% increase from prior dividend of C$0.18. 

Payable April 22 for shareholders of record April 4, ex-div April 1.

 

 

 

Kadant Inc. (KAI)

Kadant Inc. supplies technologies and engineered systems worldwide. It operates through three segments: Flow Control, Industrial Processing, and Material Handling. Kadant Inc. was incorporated in 1991 and is headquartered in Westford, Massachusetts.

On March 9, KAI declared a quarterly dividend of $0.26 per share.

This is a 4.0% increase from prior dividend of $0.25. 

Payable May 11 for shareholders of record April 13, ex-div April 12.

 

Colgate-Palmolive Company (CL)

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. Colgate-Palmolive Company was founded in 1806 and is headquartered in New York, New York.

On March 10, CL declared a quarterly dividend of $0.47 per share.

This is a 4.4% increase from prior dividend of $0.45. 

Payable May 13 for shareholders of record April 21, ex-div April 20.

 

W. P. Carey Inc. (WPC)

W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.

On March 10, WPC declared a quarterly dividend of $1.057 per share.

This is a 0.2% increase from prior dividend of $1.055. 

Payable April 14 for shareholders of record March 31, ex-div March 30.

 

Hurco Companies, Inc. (HURC)

Hurco Companies, Inc., an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. Hurco Companies, Inc. was incorporated in 1968 and is headquartered in Indianapolis, Indiana.

On March 11, HURC declared a quarterly dividend of $0.15 per share.

This is a 7.1% increase from prior dividend of $0.14. 

Payable April 11 for shareholders of record March 28, ex-div March 25.

 

American Tower Corporation (AMT)

American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites.

On February 11, AMT declared a quarterly dividend of $1.40 per share.

This is a 0.7% increase from prior dividend of $1.39. 

Payable April 29 for shareholders of record April 13, ex-div April 12.

 

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