Dividend Increases Week 9

 

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. 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.

 

 

 

 

 

TTEC Holdings, Inc. (TTEC)

TTEC Holdings, Inc., a customer experience technology and services company, focuses on the design, implementation, and delivery of transformative customer experience for various brands. It operates through TTEC Digital and TTEC Engage segments. TTEC Holdings, Inc. was founded in 1982 and is headquartered in Englewood, Colorado.

On February 28, TTEC declared a quarterly dividend of $0.50 per share.

This is a 6.4% increase from prior dividend of $0.47. 

Payable April 20 for shareholders of record March 31, ex-div March 30.

 

Linde plc (LIN)

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, helium, electronic and specialty gases, acetylene, and carbon monoxide. The company was founded in 1879 and is based in Guildford, the United Kingdom.

On February 28, LIN declared a quarterly dividend of $1.17 per share.

This is a 10.4% increase from prior dividend of $1.06. 

Payable March 25 for shareholders of record March 11, ex-div march 10.

 

Steel Dynamics, Inc. (STLD)

Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.

On February 28, STLD declared a quarterly dividend of $0.34 per share.

This is a 30.8% increase from prior dividend of $0.26. 

Payable April 15 for shareholders of record March 31, ex-div March 30.

 

Acushnet Holdings Corp. (GOLF)

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. Acushnet Holdings Corp. was founded in 1910 and is headquartered in Fairhaven, Massachusetts.

On March 1, GOLF declared a quarterly dividend of $0.18 per share.

This is a 9.1% increase from prior dividend of $0.165. 

Payable March 25 for shareholders of record March 11, ex-div March 10.

 

Domino's Pizza, Inc. (DPZ)

Domino's Pizza, Inc., through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores. It also provides oven-baked sandwiches, pasta, boneless chicken and chicken wings, bread and dips side items, desserts, and soft drink products. As of January 2, 2022, the company operated approximately 18,800 stores in 90 markets. Domino's Pizza, Inc. was founded in 1960 and is based in Ann Arbor, Michigan.

On March 1, DPZ declared a quarterly dividend of $1.10 per share.

This is a 17.0% increase from prior dividend of $0.94. 

Payable March 30 for shareholders of record March 15, ex-div March 14.

 

 

SpartanNash Company (SPTN)

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. SpartanNash Company was founded in 1917 and is headquartered in Grand Rapids, Michigan.

On March 2, SPTN declared a quarterly dividend of $0.21 per share.

This is a 5.0% increase from prior dividend of $0.20. 

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

 

General Dynamics Corporation (GD)

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. General Dynamics Corporation was founded in 1899 and is headquartered in Reston, Virginia.

On March 2, GD declared a quarterly dividend of $1.26 per share.

This is a 5.9% increase from prior dividend of $1.19. 

Payable May 6 for shareholders of record April 8, ex-div April 7.

 

Canadian Natural Resources Limited (TSE:CNQ)

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.

On March 3, CNQ declared a quarterly dividend of C$0. 75 per share.

This is a 27.1% increase from prior dividend of C$0.59. 

Payable April 5 for shareholders of record March 18, ex-div March 17.

 

Best Buy Co., Inc. (BBY)

Best Buy Co., Inc. retails technology products in the United States and Canada. The company operates in two segments, Domestic and International. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was incorporated in 1966 and is headquartered in Richfield, Minnesota.

On March 3, BBY declared a quarterly dividend of $0.88 per share.

This is a 25.7% increase from prior dividend of $0.70. 

Payable April 14 for shareholders of record March 24, ex-div March 23.

 

Federal Agricultural Mortgage Corporation (AGM)

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. Federal Agricultural Mortgage Corporation was founded in 1987 and is headquartered in Washington, District of Columbia.

On February 28, AGM declared a quarterly dividend of $0.95 per share.

This is an 8.0% increase from prior dividend of $0.88. 

Payable March 31 for shareholders of record March 16, ex-div March 15.

 

 

Synovus Financial Corp. (SNV)

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking products and services. It operates through three segments: Community Banking, Wholesale Banking, and Financial Management Services. The company was founded in 1888 and is headquartered in Columbus, Georgia.

On March 3, SNV 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 17, ex-div March 16.

 

Digital Realty Trust, Inc. (DLR)

Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with more than 284 facilities in 48 metros across 23 countries on six continents.

On March 3, DLR declared a quarterly dividend of $1.22 per share.

This is a 5.2% increase from prior dividend of $1.16. 

Payable March 31 for shareholders of record March 15, ex-div March 14.