Dividend Increases Week 25

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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, 7 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. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

On June 21, FANG announced a quarterly dividend of $0.75 per share.

This is a 7.1% increase from the prior dividend of $0.70. 

Payable August

 

Worthington Industries, Inc. (WOR)

Worthington Industries, Inc., an industrial manufacturing company, focuses on value-added steel processing and manufactured metal products in North America and internationally. It operates through Steel Processing, Consumer Products, Building Products, and Sustainable Energy Solutions segments. The company was founded in 1955 and is headquartered in Columbus, Ohio.

On June 22, WOR declared a quarterly dividend of $0.31 per share.

This is a 10.7% increase from the prior dividend of $0.28. 

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

 

Matson, Inc. (MATX)

Matson, Inc., together with its subsidiaries, provides ocean transportation and logistics services. The company’s Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.

On June 22, MATX declared a quarterly dividend of $0.31 per share.

This is a 3.3% increase from the prior dividend of $0.30. 

Payable September 1 for shareholders of record August 4, ex-div August 3.

 

John Wiley & Sons, Inc. (WLY)

John Wiley & Sons, Inc. operates as a research and education company worldwide. The company operates through three segments: Research Publishing & Platforms, Academic & Professional Learning, and Education Services. The company was founded in 1807 and is headquartered in Hoboken, New Jersey.

On June 23, WLY declared a quarterly dividend of $0.3475 per share.

This is a 0.7% increase from the prior dividend of $0.345. 

Payable July 20 for shareholders of record July 6, ex-div July 5.

 

 

The Kroger Co. (KR)

The Kroger Co. operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. The Kroger Co. was founded in 1883 and is based in Cincinnati, Ohio.

On June 23, KR declared a quarterly dividend of $0.26 per share.

This is a 23.8% increase from the prior dividend of $0.21. 

Payable September 1 for shareholders of record August 15, ex-div August 12.

 

Riverview Bancorp, Inc. (RVSB)

Riverview Bancorp, Inc., a bank holding company for Riverview Community Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans. Riverview Bancorp, Inc. was founded in 1923 and is based in Vancouver, Washington.

On June 23, RVSB declared a quarterly dividend of $0.06 per share.

This is a 9.1% increase from the prior dividend of $0.055. 

Payable July 21 for shareholders of record July 8, ex-div July 7.

 

Horizon Bancorp, Inc. (HBNC)

Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers various deposits. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.

On June 24, HBNC declared a quarterly dividend of $0.16 per share.

This is a 6.7% increase from the prior dividend of $0.15. 

Payable July 22 for shareholders of record July 8, ex-div July 7.

 

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