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, 25 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.
Delek Logistics Partners, LP (DKL)
Delek Logistics Partners, LP owns and operates logistics and
marketing assets for crude oil, and intermediate and refined products in the
United States. It operates through three segments: Pipelines and
Transportation, Wholesale Marketing and Terminalling, and Investment in
Pipeline Joint Ventures.
On April 25, DKL declared a quarterly dividend of $0.98 per share.
This is a 0.5%
increase from prior dividend of $0.975.
Payable May 12 for
shareholders of record May 5, ex-div May 4.
Raytheon Technologies Corporation (RTX)
Raytheon Technologies Corporation, an aerospace and defense
company, provides systems and services for the commercial, military, and
government customers worldwide. It operates through four segments: Collins
Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and
Raytheon Missiles & Defense. The company is headquartered in Waltham,
Massachusetts.
On April 25, RTX declared a quarterly dividend of $0.55 per share.
This is a 7.8%
increase from prior dividend of $0.51.
Payable June 16 for
shareholders of record May 20, ex-div May 19.
Ameriprise Financial, Inc. (AMP)
Ameriprise Financial, Inc., through its subsidiaries,
provides various financial products and services to individual and
institutional clients in the United States and internationally. It operates
through four segments: Advice & Wealth Management, Asset Management,
Retirement & Protection Solutions, and Corporate & Other. Ameriprise
Financial, Inc. was founded in 1894 and is headquartered in Minneapolis,
Minnesota.
On April 25, AMP declared a quarterly dividend of $1.25 per share.
This is a 10.6%
increase from prior dividend of $1.13.
Payable May 20 for
shareholders of record May 9, ex-div May 6.
Regal Rexnord Corporation (RRX)
Regal Rexnord Corporation, together with its subsidiaries,
designs, manufactures, and sells industrial powertrain solutions, power
transmission components, electric motors and electronic controls, air moving
products, and specialty electrical components and systems worldwide. It
operates through four segments: Commercial Systems, Industrial Systems, Climate
Solutions, and Motion Control Solutions. The company was founded in 1955 and is
headquartered in Beloit, Wisconsin.
On April 25, RRX declared a quarterly dividend of $0.35 per share.
This is a 6.1%
increase from prior dividend of $0.33.
Payable July 14 for
shareholders of record June 30, ex-div June 29.
Peoples Bancorp Inc. (PEBO)
Peoples Bancorp Inc. operates as the holding company for
Peoples Bank that provides commercial and retail banking products and services.
The company accepts various deposit products, including demand deposit
accounts, savings accounts, money market accounts, and certificates of deposit;
and provides commercial and industrial, commercial real estate, construction,
finance, residential real estate, and consumer indirect and direct loans, as
well as home equity lines of credit and overdrafts. Peoples Bancorp Inc. was
founded in 1902 and is based in Marietta, Ohio.
On April 26, PEBO declared a quarterly dividend of $0.38 per share.
This is a 5.6%
increase from prior dividend of $0.36
Payable May 23 for
shareholders of record May 9, ex-div May 6.
First Commonwealth Financial Corporation (FCF)
First Commonwealth Financial Corporation, a financial
holding company, provides various consumer and commercial banking services in
the United States. First Commonwealth Financial Corporation was founded in 1934
and is headquartered in Indiana, Pennsylvania.
On April 26, FCF declared a quarterly dividend of $0.12 per share.
This is a 4.3%
increase from prior dividend of $0.115.
Payable May 20 for
shareholders of record May 6, ex-div May 5.
International Business Machines Corporation (IBM)
International Business Machines Corporation provides
integrated solutions and services worldwide. The company operates through four
business segments: Software, Consulting, Infrastructure, and Financing.
International Business Machines Corporation was incorporated in 1911 and is
headquartered in Armonk, New York.
On April 26, IBM declared a quarterly dividend of $1.65 per share.
This is a 0.6%
increase from prior dividend of $1.64.
Payable June 10 for
shareholders of record May 10, ex-div May 9.
First Financial Bankshares, Inc. (FFIN)
First Financial Bankshares, Inc., through its subsidiaries,
provides commercial banking products and services in Texas. The company accepts
checking, savings and money market accounts, and time deposits; commercial and
industrial, municipal, agricultural, construction and development, farm,
non-owner occupied and owner-occupied commercial real estate, residential, and
consumer auto and non-auto loans to businesses, professional individuals, and
farm and ranch operations. First Financial Bankshares, Inc. was founded in 1890
and is headquartered in Abilene, Texas.
On April 26, FFIN declared a quarterly dividend of $0.17 per share.
This is a 13.3%
increase from prior dividend of $0.15.
Payable July 1 for
shareholders of record June 16, ex-div June 15.
MetLife, Inc. (MET)
MetLife, Inc., a financial services company, provides
insurance, annuities, employee benefits, and asset management services
worldwide. It operates through five segments: U.S.; Asia; Latin America;
Europe, the Middle East and Africa; and MetLife Holdings. MetLife, Inc. was
founded in 1863 and is headquartered in New York, New York.
On April 26, MET declared a quarterly dividend of $0.50 per share.
This is a 4.2%
increase from prior dividend of $0.48.
Payable June 14 for
shareholders of record May 10, ex-div May 9.
Evercore Inc. (EVR)
Evercore Inc., together with its subsidiaries, operates as
an independent investment banking advisory firm in the United States, Europe,
Latin America, and internationally. It operates through two segments,
Investment Banking and Investment Management. Evercore Inc. was founded in 1995
and is headquartered in New York, New York.
On April 27, EV declared a quarterly dividend of $0.72 per share.
This is a 5.9%
increase from prior dividend of $0.68.
Payable June 10 for
shareholders of record May 27, ex-div May 26.
American Water Works Company, Inc. (AWK)
American Water Works Company, Inc., through its
subsidiaries, provides water and wastewater services in the United States. It
offers water and wastewater services to approximately 1,700 communities in 14
states serving approximately 3.4 million active customers. American Water Works
Company, Inc. was founded in 1886 and is headquartered in Camden, New Jersey.
On April 27, AWK declared a quarterly dividend of $0.655 per share.
This is an 8.7%
increase from prior dividend of $0.6025.
Payable June 1 for
shareholders of record May 10, ex-div May 9.
W.W. Grainger, Inc. (GWW)
W.W. Grainger, Inc. distributes maintenance, repair, and
operating (MRO) products and services in the United States, Japan, Canada, the
United Kingdom, and internationally. The company operates through two segments,
High-Touch Solutions N.A. and Endless Assortment.
On April 27, GWW declared a quarterly dividend of $1.72 per share.
This is a 6.2%
increase from prior dividend of $1.62.
Payable June 1 for
shareholders of record May 9, ex-div May 6.
Discover Financial Services (DFS)
Discover Financial Services, through its subsidiaries,
provides digital banking products and services, and payment services in the
United States. It operates in two segments, Digital Banking and Payment
Services. The company was incorporated in 1960 and is based in Riverwoods,
Illinois.
On April 27, DFS declared a quarterly dividend of $0.60 per share.
This is a 20.0%
increase from prior dividend of $0.50.
Payable June 9 for
shareholders of record May 26, ex-div May 25.
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