Dividend Increases Week 20



 

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, 13 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.

 

 

 

 

 

HNI Corporation (HNI)

HNI Corporation, together with its subsidiaries, manufactures and sells workplace furnishings and residential building products primarily in the United States. The company operates through two segments, Workplace Furnishings and Residential Building Products. The company was incorporated in 1944 and is headquartered in Muscatine, Iowa.

On May 16, HNI declared a quarterly dividend of $0.32 per share.

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

Payable June 8 for shareholders of record May 27, ex-div May 26.

 

Leggett & Platt, Incorporated (LEG)

Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company was founded in 1883 and is based in Carthage, Missouri.

On May 17, LEG declared a quarterly dividend of $0.44 per share.

This is a 4.8% increase from the prior dividend of $0.42. 

Payable July 15 for shareholders of record June 15, ex-div June 14.

 

Mid-America Apartment Communities, Inc. (MAA)

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of December 31, 2020, MAA had ownership interest in 102,772 apartment units, including communities currently in development, across 16 states and the District of Columbia.

On May 17, MAA declared a quarterly dividend of $1.25 per share.

This is a 14.7% increase from the prior dividend of $1.09. 

Payable July 29 for shareholders of record July 15, ex-div July 14.

 

Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. The company was founded in 1939 and is based in Falls Church, Virginia.

On May 17, NOC declared a quarterly dividend of $1.73 per share.

This is a 10.2% increase from the prior dividend of $1.57. 

Payable June 15 for shareholders of record May 31, ex-div May 27.

 

First Financial Corporation (THFF)

First Financial Corporation, through its subsidiaries, provides various financial services. It offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. First Financial Corporation was founded in 1834 and is headquartered in Terre Haute, Indiana.

On May 17, THFF declared a semi-annual dividend of $0.54 per share.

This is a 1.9% increase from the prior dividend of $0.53. 

Payable July 1 for shareholders of record June 17, ex-div June 16.

 

 

NACCO Industries, Inc. (NC)

NACCO Industries, Inc., together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The company was founded in 1913 and is headquartered in Cleveland, Ohio.

On May 18, NC declared a quarterly dividend of $0.2075 per share.

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

Payable June 15 for shareholders of record May 31, ex-div May 27.

 

Advanced Drainage Systems, Inc. (WMS)

Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, Mexico, and internationally. It operates through Pipe, International and Infiltrator, and Allied Products & Other segments. Advanced Drainage Systems, Inc. was incorporated in 1966 and is headquartered in Hilliard, Ohio.

On May 19, WMS declared a quarterly dividend of $0.12 per share.

This is a 9.1% increase from the prior dividend of $0.11. 

Payable June 15 for shareholders of record June 1, ex-div May 31.

 

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. For more information about American Tower, please visit the “Earnings Materials” and “Investor Presentations” sections of our investor relations website at www.americantower.com.

On May 19, AMT declared a quarterly dividend of $1.43 per share.

This is a 2.1% increase from the prior dividend of $1.40. 

Payable July 8 for shareholders of record June 17, ex-div June 16.

 

Monro, Inc. (MNRO)

Monro, Inc. provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services; routine maintenance services on passenger cars, light trucks, and vans; products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. Monro, Inc. was founded in 1957 and is headquartered in Rochester, New York.

On May 19, MNRO declared a quarterly dividend of $0.28 per share.

This is a 7.7% increase from the prior dividend of $0.26. 

Payable June 20 for shareholders of record June 6, ex-div June 3.

 

Lennox International Inc. (LII)

Lennox International Inc., together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. Lennox International Inc. was founded in 1895 and is headquartered in Richardson, Texas.

On May 19, LII declared a quarterly dividend of $1.06 per share.

This is a 15.2% increase from the prior dividend of $0.92. 

Payable July 15 for shareholders of record June 30, ex-div June 29.

 

 

Ames National Corporation (ATLO)

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Adams, Boone, Clarke, Hancock, Polk, Marshall, Ringgold, Story, Taylor, and Union counties in the central, north-central, and south-central Iowa. Ames National Corporation was founded in 1903 and is based in Ames, Iowa.

On May 19, ATLO declared a quarterly dividend of $0.27 per share.

This is a 3.8% increase from the prior dividend of $0.26. 

Payable August 15 for shareholders of record August 1, ex-div July 29.

 

LCI Industries (LCII)

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The company was formerly known as Drew Industries Incorporated and changed its name to LCI Industries in December 2016. LCI Industries was incorporated in 1984 and is based in Elkhart, Indiana.

On May 19, LCII declared a quarterly dividend of $1.05 per share.

This is a 16.7% increase from the prior dividend of $0.90. 

Payable June 17 for shareholders of record June 3, ex-div June 2.

 

Chubb Limited (CB)

Chubb Limited provides insurance and reinsurance products worldwide. Chubb Limited was incorporated in 1985 and is headquartered in Zurich, Switzerland.

On May 19, CB declared a quarterly dividend of $0.83 per share.

This is a 3.7% increase from the prior dividend of $0.80. 

Payable July 8 for shareholders of record June 17, ex-div June 16.

 

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