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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