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, 12 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.
Innovative Industrial Properties, Inc. (IIPR)
Innovative Industrial Properties, Inc. is a self-advised
Maryland corporation focused on the acquisition, ownership and management of
specialized properties leased to experienced, state-licensed operators for
their regulated medical-use cannabis facilities. Innovative Industrial
Properties, Inc. has elected to be taxed as a real estate investment trust,
commencing with the year ended December 31, 2017.
On March 14, IIPR declared a quarterly dividend of $1.75 per share.
This is a 16.7%
increase from prior dividend of $1.50.
Payable April 14 for
shareholders of record March 31, ex-div March 30.
CareTrust REIT, Inc. (CTRE)
CareTrust REIT, Inc. is a self-administered, publicly-traded
real estate investment trust engaged in the ownership, acquisition, development
and leasing of skilled nursing, seniors housing and other healthcare-related
properties. With a nationwide portfolio of long-term net-leased properties, and
a growing portfolio of quality operators leasing them, CareTrust REIT is
pursuing both external and organic growth opportunities across the United
States.
On March 15, CTRE declared a quarterly dividend of $0.275 per share.
This is a 3.8%
increase from prior dividend of $0.265.
Payable April 15 for
shareholders of record March 31, ex-div march 30.
MGM Growth Properties LLC (MGP)
MGM Growth Properties LLC (NYSE:MGP) is one of the leading
publicly traded real estate investment trusts engaged in the acquisition,
ownership and leasing of large-scale destination entertainment and leisure
resorts, whose diverse amenities include casino gaming, hotel, convention,
dining, entertainment and retail offerings.
On March 15, MGP declared a quarterly dividend of $0.53 per share.
This is a 1.0%
increase from prior dividend of $0.525.
Payable April 14 for
shareholders of record March 31, ex-div March 30.
Fulton Financial Corporation (FULT)
Fulton Financial Corporation operates as a financial holding
company that provides consumer and commercial banking products and services. It
accepts various checking accounts and savings deposit products, certificates of
deposit, and individual retirement accounts. Fulton Financial Corporation was
incorporated in 1882 and is headquartered in Lancaster, Pennsylvania.
On March 15, FULT declared a quarterly dividend of $0.15 per share.
This is a 7.1%
increase from prior dividend of $0.14.
Payable April 18 for
shareholders of record April 1, ex-div March 31.
Realty Income Corporation (O)
Realty Income, The Monthly Dividend Company, is an S&P
500 company dedicated to providing stockholders with dependable monthly income.
The company is structured as a REIT, and its monthly dividends are supported by
the cash flow from over 6,500 real estate properties owned under long-term
lease agreements with our commercial clients. To date, the company has declared
608 consecutive common stock monthly dividends throughout its 52-year operating
history and increased the dividend 109 times since Realty Income's public
listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend
Aristocrats index.
On March 15, O declared a quarterly dividend of $0.247 per share.
This is a 0.2%
increase from prior dividend of $0.2465.
Payable April 15 for
shareholders of record April 1, ex-div March 31.
Shoe Carnival, Inc. (SCVL)
Shoe Carnival, Inc., together with its subsidiaries,
operates as a family footwear retailer in the United States. It offers various
dress, casual, and athletic footwear products for men, women, and children; and
accessories, such as socks, belts, shoe care items, handbags, hats, sport bags,
backpacks, water bottles, and wallets. As of January 30, 2021, the company
operated 383 stores in 35 states and Puerto Rico. It also sells its products
through online shopping at shoecarnival.com, as well as through mobile
application. The company was founded in 1978 and is headquartered in
Evansville, Indiana.
On March 16, SCVL declared a quarterly dividend of $0.09 per share.
This is a 28.6%
increase from prior dividend of $0.07.
Payable April 18 for
shareholders of record April 4, ex-div April 1.
Williams-Sonoma, Inc. (WSM)
Williams-Sonoma, Inc. operates as an omni-channel specialty
retailer of various products for home. It offers cooking, dining, and
entertaining products, such as cookware, tools, electrics, cutlery, tabletop
and bar, outdoor, furniture, and a library of cookbooks under the Williams
Sonoma brand, as well as home furnishings and decorative accessories under the
Williams Sonoma Home brand; and furniture, bedding, lighting, rugs, table
essentials, and decorative accessories under the Pottery Barn brand.
On March 16, WSM declared a quarterly dividend of $0.78 per share.
This is a 9.9%
increase from prior dividend of $0.71.
Payable May 27 for
shareholders of record April 22, ex-div April 21.
Investar Holding Corporation (ISTR)
Investar Holding Corporation operates as the bank holding
company for Investar Bank that provides a range of commercial banking products
to individuals and small to medium-sized businesses in South Louisiana. The
company offers various deposit products and services, such as savings,
checking, money market, and individual retirement accounts, as well as various
certificates of deposit; debit cards; and mobile banking services. Investar
Holding Corporation was founded in 2006 and is headquartered in Baton Rouge,
Louisiana.
On March 16, ISTR declared a quarterly dividend of $0.085 per share.
This is a 6.3%
increase from prior dividend of $0.08.
Payable April 29 for
shareholders of record March 31, ex-div March 30.
Dollar General Corporation (DG)
Dollar General Corporation, a discount retailer, provides
various merchandise products in the southern, southwestern, Midwestern, and
eastern United States. The company was formerly known as J.L. Turner & Son,
Inc. and changed its name to Dollar General Corporation in 1968. Dollar General
Corporation was founded in 1939 and is based in Goodlettsville, Tennessee.
On March 17, DG declared a quarterly dividend of $0.55 per share.
This is a 31.0%
increase from prior dividend of $0.42.
Payable April 19 for
shareholders of record April 5, ex-div April 4.
Independent Bank Corp. (INDB)
Independent Bank Corp. operates as the bank holding company
for Rockland Trust Company that provides commercial banking products and
services to individuals and small-to-medium sized businesses primarily in
Massachusetts. The company accepts interest checking, money market, and savings
accounts, as well as demand deposits and time certificates of deposit. The
company was founded in 1907 and is headquartered in Rockland, Massachusetts.
On March 17, INDB declared a quarterly dividend of $0.51 per share.
This is a 6.37%
increase from prior dividend of $0.48.
Payable April 8 for
shareholders of record March 28, ex-div March 25.
UDR, Inc. (UDR)
UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading
multifamily real estate investment trust with a demonstrated performance
history of delivering superior and dependable returns by successfully managing,
buying, selling, developing and redeveloping attractive real estate communities
in targeted U.S. markets. As of September 30, 2020, UDR owned or had an
ownership position in 51,649 apartment homes including 1,031 homes under
development. For over 48 years, UDR has delivered long-term value to
shareholders, the best standard of service to Residents and the highest quality
experience for Associates.
On March 17, UDR declared a quarterly dividend of $0.38 per share.
This is a 4.8%
increase from prior dividend of $0.3625.
Payable May 2 for
shareholders of record April 11, ex-div April 8.
Medifast, Inc. (MED)
Medifast, Inc., through its subsidiaries, manufactures and
distributes weight loss, weight management, healthy living products, and other
consumable health and nutritional products in the United States and the
Asia-Pacific. The company offers bars, bites, pretzels, puffs, cereal crunch,
drinks, hearty choices, oatmeal, pancakes, pudding, soft serves, shakes,
smoothies, soft bakes, and soups under the OPTAVIA, Optimal Health by Take
Shape for Life, and Flavors of Home brands. It markets its products through
point-of-sale transactions over ecommerce platform. The company was founded in
1980 and is headquartered in Baltimore, Maryland.
On March 17, MED declared a quarterly dividend of $1.64 per share.
This is a 15.5%
increase from prior dividend of $1.42.
Payable May 9 for
shareholders of record March 29, ex-div March 28.
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