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, 20 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.
Diamondback Energy, Inc. (FANG)
Diamondback Energy, Inc., an independent oil and natural gas
company, focuses on the acquisition, development, exploration, and exploitation
of unconventional and onshore oil and natural gas reserves in the Permian Basin
in West Texas. Diamondback Energy, Inc. was founded in 2007 and is headquartered
in Midland, Texas.
On May 2, FANG declared a quarterly dividend of $0.70 per share.
This is a16.7% increase
from the prior dividend of $0.60.
Payable May 23 for shareholders
of record May 12, ex-div May 11.
MSA Safety Incorporated (MSA)
MSA Safety Incorporated develops, manufactures, and supplies
safety products that protect people and facility infrastructures in the oil, gas,
petrochemical, fire service, construction, industrial manufacturing applications,
utilities, military, and mining industries in North America, Latin America, and
internationally. MSA Safety Incorporated was founded in 1914 and is based in Cranberry
Township, Pennsylvania.
On May 2, MSA declared a quarterly dividend of $0.46 per share.
This is a 4.5% increase
from the prior dividend of $0.44.
Payable June 10 for shareholders
of record May 16, ex-div May 13.
Watts Water Technologies, Inc. (WTS)
Watts Water Technologies, Inc. designs, manufactures, and sells
products, solution, and systems that manage and conserve the flow of fluids and
energy into, through and out of buildings in the commercial and residential markets
in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. Watts Water
Technologies, Inc. was founded in 1874 and is headquartered in North Andover,
Massachusetts.
On May 2, WTS
declared a quarterly dividend of $0.30 per share.
This is a 15.4% increase
from the prior dividend of $0.26.
Payable June 15 for shareholders
of record June 1, ex-div May 31.
Baxter International Inc. (BAX)
Baxter International Inc., through its subsidiaries, develops
and provides a portfolio of healthcare products worldwide. The company offers peritoneal
dialysis and hemodialysis, and additional dialysis therapies and services.
Baxter International Inc. was incorporated in 1931 and is headquartered in Deerfield,
Illinois.
On May 3, BAX declared
a quarterly dividend of $0.29 per share.
This is a 3.6% increase
from the prior dividend of $0.28.
Payable July 1 for shareholders
of record June 3, ex-div June 2.
Expeditors International of Washington, Inc. (EXPD)
Expeditors International of Washington, Inc. provides logistics
services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa,
and India. Expeditors International of Washington, Inc. was incorporated in
1979 and is headquartered in Seattle, Washington.
On May 3, EXPD declared
a semi-annual dividend of $0.67 per share.
This is a 15.5% increase
from the prior dividend of $0.58.
Payable June 15 for shareholders
of record June 1, ex-div May 31.
PepsiCo, Inc. (PEP)
PepsiCo, Inc. manufactures, markets, distributes, and sells various
beverages and convenient foods worldwide. The company operates through seven segments:
Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North
America; Latin America; Europe; Africa, Middle East and South Asia; and Asia
Pacific, Australia and New Zealand and China Region. The company was founded in
1898 and is headquartered in Purchase, New York.
On May 3, PEP declared a quarterly dividend of $1.15 per share.
This is a 7.0% increase from the prior dividend of
$1.075.
Payable June 30 for shareholders of record June 3, ex-div June
2.
Innospec Inc. (IOSP)
Innospec Inc. develops, manufactures, blends, markets, and supplies
specialty chemicals in the United States, rest of North America, the United Kingdom,
rest of Europe, and internationally. The company’s Fuel Specialties segment offers
a range of specialty chemical products that are used as additives in various fuels.
The company was formerly known as Octel Corp. and changed its name to Innospec
Inc. in January 2006. Innospec Inc. was founded in 1938 and is headquartered in
Englewood, Colorado.
On May 3, IOSP declared a semi-annual dividend of $0.63 per share.
This is a 6.8% increase
from the prior dividend of $0.59.
Payable May 26 for shareholders
of record May 17, ex-div May 16.
UGI Corporation (UGI)
UGI Corporation distributes, stores, transports, and markets
energy products and related services in the United States and internationally. The
company operates through four segments: AmeriGas Propane, UGI International, Midstream
& Marketing, and UGI Utilities. UGI Corporation was incorporated in 1991
and is based in King of Prussia, Pennsylvania.
On May 4, UGI declared
a quarterly dividend of $0.36 per share.
This is a 4.3% increase
from the prior dividend of $0.345.
Payable July 1 for shareholders
of record June 15 ex-div June 14.
Materion Corporation (MTRN)
Materion Corporation, through with its subsidiaries, produces
advanced engineered materials used in semiconductor, industrial, aerospace and defense,
automotive, energy, consumer electronics, and telecom and data center in the
United States, Asia, Europe, and internationally. It operates through
Performance Alloys and Composites, Advanced Materials, and Precision Optics segments.
Materion Corporation was incorporated in 1931 and is headquartered in Mayfield Heights,
Ohio.
On May 4, MTRN declared
a quarterly dividend of $0.125 per share.
This is a 4.2% increase
from the prior dividend of $0.12.
Payable June 16 for shareholders
of record May 27 ex-div May 26.
Enviva Inc. (EVA)
Enviva Inc. produces and sells utility-grade wood pellets. The
company's products are used as a substitute for coal in power generation, and combined
heat and power plants. It serves power generators in the United Kingdom,
Europe, and Japan. The company was formerly known as Enviva Partners, LP. Enviva
Inc. was incorporated in 2013 and is headquartered in Bethesda, Maryland.
On May 4, EVA declared
a quarterly dividend of $0.905 per share.
This is a 5.2% increase
from the prior dividend of $0.86.
Payable May 27 for shareholders
of record May 16 ex-div May 13.
Tetra Tech, Inc. (TTEK)
Tetra Tech, Inc. provides consulting and engineering services
worldwide. The company operates through two segments Government Services Group
(GSG) and Commercial/International Services Group (CIG). Tetra Tech, Inc. was founded
in 1966 and is headquartered in Pasadena, California.
On May 4, TTEK declared
a quarterly dividend of $0.23 per share.
This is a 15% increase
from the prior dividend of $0.20.
Payable May 27 for shareholders
of record May 13 ex-div May 12.
Pool Corporation (POOL)
Pool Corporation distributes swimming pool supplies, equipment,
and related leisure products in the United States and internationally. Pool
Corporation was incorporated in 1993 and is headquartered in Covington,
Louisiana.
On May 4, POOL declared a quarterly dividend of $1.00 per share.
This is a 25% increase
from the prior dividend of $0.80.
Payable May 27 for shareholders
of record May 16 ex-div May 13.
Hydro One Limited (TSE:H)
Hydro One Limited, through its subsidiaries, operates as an electricity
transmission and distribution company in Ontario. It operates through three segments:
Transmission Business, Distribution Business, and Other. Hydro One Limited was incorporated
in 2015 and is headquartered in Toronto, Canada.
On May 5, TSE:H declared a quarterly dividend of C$0.2796 per share.
This is a 5% increase from
the prior dividend of C$0.2663.
Payable June 30 for shareholders
of record June 8 ex-div June 7.
RLI Corp. (RLI)
RLI Corp., an insurance holding company, underwrites property
and casualty insurance in the United States and internationally. Its Casualty segment
provides commercial and personal coverage products; and general liability
products, such as coverage for third-party liability of commercial insureds, including
manufacturers, contractors, apartments, and mercantile. RLI Corp. was founded
in 1965 and is headquartered in Peoria, Illinois.
On May 5, RLI declared
a quarterly dividend of $0.26 per share.
This is a 4.0% increase
from the prior dividend of $0.25.
Payable June 21 for shareholders
of record May 31 ex-div May 27.
TELUS Corporation (TSE:T)
TELUS Corporation, together with its subsidiaries, provides
a range of telecommunications and information technology products and services
in Canada. It operates through Technology Solutions and Digitally-Led Customer
Experiences segments. TELUS Corporation was incorporated in 1998 and is
headquartered in Vancouver, Canada.
On May 6, TSE:T declared a quarterly dividend of C$0.3386 per share.
This is a 3.4% increase
from the prior dividend of C$0.3274.
Payable July 4 for shareholders
of record June 10 ex-div June 9.
Arbor Realty Trust, Inc. (ABR)
Arbor Realty Trust, Inc. invests in a diversified portfolio
of structured finance assets in the multifamily, single-family rental, and
commercial real estate markets in the United States. The company operates in
two segments, Structured Business and Agency Business. Arbor Realty Trust, Inc.
was incorporated in 2003 and is headquartered in Uniondale, New York.
On May 6, ABR declared a quarterly dividend of $0.38 per share.
This is a 2.7% increase
from the prior dividend of $0.37.
Payable May 31 for shareholders
of record May 20 ex-div May 19.
The Timken Company (TKR)
The Timken Company designs, manufactures, and manages
engineered bearings and power transmission products worldwide. It operates in
two segments, Mobile Industries and Process Industries. Timken Company was
founded in 1899 and is headquartered in North Canton, Ohio.
On May 6, TKR declared a quarterly dividend of $0.31 per share.
This is a 3.3% increase
from the prior dividend of $0.30.
Payable June 2 for shareholders
of record May 16 ex-div May 13.
IDEX Corporation (IEX)
IDEX Corporation, together with its subsidiaries, provides
applied solutions worldwide. The company operates through three segments: Fluid
& Metering Technologies (FMT), Health & Science Technologies (HST), and
Fire & Safety/Diversified Products (FSDP). IDEX Corporation was
incorporated in 1987 and is headquartered in Northbrook, Illinois.
On May 6, IEX declared
a quarterly dividend of $0.60 per share.
This is an 11.1% increase
from the prior dividend of $0.54.
Payable May 27 for shareholders
of record May 17 ex-div May 16.
CNO Financial Group, Inc. (CNO)
CNO Financial Group, Inc., through its subsidiaries,
develops, markets, and administers health insurance, annuity, individual life
insurance, and other insurance products for senior and middle-income markets in
the United States. CNO Financial Group, Inc. was founded in 1979 and is
headquartered in Carmel, Indiana.
On May 6, CNO declared a quarterly dividend of $0.14 per share.
This is a 7.7% increase
from the prior dividend of $0.13.
Payable June 24 for shareholders
of record June 10 ex-div June 9.
ManpowerGroup Inc. (MAN)
ManpowerGroup Inc. provides workforce solutions and services
in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle
East region. The company offers recruitment services, including permanent,
temporary, and contract recruitment of professionals, as well as administrative
and industrial positions under the Manpower and Experis brands. The company was
incorporated in 1948 and is based in Milwaukee, Wisconsin.
On May 6, MAN declared a semi-annual dividend of $1.36 per share.
This is a 7.9% increase
from the prior dividend of $1.26.
Payable June 15 for shareholders
of record June 1 ex-div May 31.
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