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, 14 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.
The Goldman Sachs Group, Inc. (GS)
The Goldman Sachs Group, Inc., a financial institution,
provides a range of financial services for corporations, financial
institutions, governments, and individuals worldwide. It operates through four
segments: Investment Banking, Global Markets, Asset Management, and Consumer
& Wealth Management. The company was founded in 1869 and is headquartered
in New York, New York.
On July 18, GS announced a quarterly dividend of $2.50 per share.
This is a 25.0%
increase from the prior dividend of $2.00.
Payable September 29
for shareholders of record September 1, ex-div August 31.
Mercantile Bank Corporation (MBWM)
Mercantile Bank Corporation operates as the bank holding
company for Mercantile Bank of Michigan that provides commercial and retail
banking services to small- to medium-sized businesses and individuals in the
United States. It accepts various deposit products, including checking,
savings, and term certificate accounts; time deposits; and certificates of deposit.
Mercantile Bank Corporation was incorporated in 1997 and is headquartered in
Grand Rapids, Michigan.
On July 19, MBWM announced a quarterly dividend of $0.32 per share.
This is a 3.2%
increase from the prior dividend of $0.31.
Payable September 14
for shareholders of record September 2, ex-div September 1.
Healthcare Services Group, Inc. (HCSG)
Healthcare Services Group, Inc. provides management, administrative,
and operating services to the housekeeping, laundry, linen, facility
maintenance, and dietary service departments of nursing homes, retirement
complexes, rehabilitation centers, and hospitals in the United States. It
operates through two segments, Housekeeping and Dietary. Healthcare Services
Group, Inc. was incorporated in 1976 and is based in Bensalem, Pennsylvania.
On July 20, HCSG announced
a quarterly dividend of $0.21375 per share.
This is a 0.6%
increase from the prior dividend of $0.2125.
Payable September 23
for shareholders of record August 19, ex-div August 18.
Greene County Bancorp, Inc. (GCBC)
Greene County Bancorp, Inc. operates as a holding company
for The Bank of Greene County that provides various financial services in the
United States. Its deposit products include savings, NOW accounts, money market
accounts, certificates of deposit, non-interest bearing checking accounts, and
individual retirement accounts. The company was founded in 1889 and is based in
Catskill, New York. Greene County Bancorp, Inc. is a subsidiary of Greene
County Bancorp, MHC.
On July 20, GCBC announced
a quarterly dividend of $0.145 per share.
This is a 7.7%
increase from the prior dividend of $0.15.
Payable August 31 for
shareholders of record August 15, ex-div August 12.
Lake Shore Bancorp, Inc. (LSBK)
Lake Shore Bancorp, Inc. operates as the savings and loan
holding company for Lake Shore Savings Bank that provides banking products and
services. It accepts various deposit products, such as regular savings
deposits, including Christmas Club and statement savings accounts; money market
savings and checking accounts; interest bearing and non-interest bearing
checking accounts, such as demand deposits; health savings accounts; retirement
accounts; time deposits; interest on lawyer accounts; and accounts for individuals,
as well as commercial savings, checking, and money market accounts for small to
medium sized businesses. Lake Shore Bancorp, Inc. is a subsidiary of Lake
Shore, MHC.
On July 20, LSBK announced
a quarterly dividend of $0.18 per share.
This is a 12.5%
increase from the prior dividend of $0.16.
Payable August 19 for
shareholders of record August 2, ex-div August 1.
Stanley Black & Decker, Inc. (SWK)
Stanley Black & Decker, Inc. engages in the tools and
storage and industrial businesses in the United States, Canada, rest of
Americas, France, rest of Europe, and Asia. The company was formerly known as
The Stanley Works and changed its name to Stanley Black & Decker, Inc. in
March 2010. Stanley Black & Decker, Inc. was founded in 1843 and is
headquartered in New Britain, Connecticut.
On July 20, SWK announced
a quarterly dividend of $0.80 per share.
This is a 1.3%
increase from the prior dividend of $0.79.
Payable September 20
for shareholders of record September 6, ex-div September 2.
Bank of America Corporation (BAC)
Bank of America Corporation, through its subsidiaries,
provides banking and financial products and services for individual consumers,
small and middle-market businesses, institutional investors, large corporations,
and governments worldwide. The company was founded in 1784 and is based in
Charlotte, North Carolina.
On July 20, BAC announced
a quarterly dividend of $0.22 per share.
This is a 4.8%
increase from the prior dividend of $0.21.
Payable September 30
for shareholders of record September 2, ex-div September 1.
Landstar System, Inc. (LSTR)
Landstar System, Inc. provides integrated transportation
management solutions in the United States, Canada, Mexico, and internationally.
The company operates through two segments: Transportation Logistics, and
Insurance. Landstar System, Inc. was founded in 1968 and is headquartered in
Jacksonville, Florida.
On July 20, LSTR announced
a quarterly dividend of $0.30 per share.
This is a 20.0%
increase from the prior dividend of $0.25.
Payable August 26 for
shareholders of record August 8, ex-div August 5.
Regions Financial Corporation (RF)
Regions Financial Corporation, a financial holding company,
provides banking and bank-related services to individual and corporate
customers. It operates through three segments: Corporate Bank, Consumer Bank,
and Wealth Management. Regions Financial Corporation was founded in 1971 and is
headquartered in Birmingham, Alabama.
On July 20, RF announced
a quarterly dividend of $0.20 per share.
This is a 17.6%
increase from the prior dividend of $0.17.
Payable October 3 for
shareholders of record September 2, ex-div September 1.
Community Bank System, Inc. (CBU)
Community Bank System, Inc. operates as the bank holding
company for Community Bank, N.A. that provides various banking and other
financial services to retail, commercial, and municipal customers. It operates
through three segments: Banking, Employee Benefit Services, and All Other. Community
Bank System, Inc. was founded in 1866 and is headquartered in DeWitt, New York.
On July 20, CBU announced
a quarterly dividend of $0.44 per share.
This is a 2.3%
increase from the prior dividend of $0.43.
Payable October 10 for
shareholders of record September 15, ex-div September 14.
PPG Industries, Inc. (PPG)
PPG Industries, Inc. manufactures and distributes paints,
coatings, and specialty materials worldwide. The company’s Performance Coatings
segment offers coatings, solvents, adhesives, sealants, sundries, and software
for automotive and commercial transport/fleet repair and refurbishing, light
industrial coatings, and specialty coatings for signs; and coatings, sealants,
transparencies, transparent armor, adhesives, engineered materials, and
packaging and chemical management services for commercial, military, regional
jet, and general aviation aircraft. The company was incorporated in 1883 and is
headquartered in Pittsburgh, Pennsylvania.
On July 21, PPG announced
a quarterly dividend of $0.62 per share.
This is a 5.1%
increase from the prior dividend of $0.59.
Payable September 10
for shareholders of record August 10, ex-div August 9.
1st Source Corporation (SRCE)
1st Source Corporation operates as the bank holding company
for 1st Source Bank that provides commercial and consumer banking services,
trust and wealth advisory services, and insurance products to individual and
business clients. 1st Source Corporation was founded in 1863 and is
headquartered in South Bend, Indiana.
On July 21, SRCE announced
a quarterly dividend of $0.32 per share.
This is a 3.2%
increase from the prior dividend of $0.31.
Payable August 12 for
shareholders of record August 2, ex-div August 1.
Home Federal Bancorp, Inc. of Louisiana (HFBL)
Home Federal Bancorp, Inc. of Louisiana operates as the
holding company for Home Federal Bank that provides various financial services
to individuals, corporate entities, and other organizations. The company
accepts various deposits, such as passbook savings, certificates of deposit,
and demand deposit accounts. The company was founded in 1924 and is based in
Shreveport, Louisiana.
On July 21, HFBL announced
a quarterly dividend of $0.12 per share.
This is a 20.0%
increase from the prior dividend of $0.10.
Payable August 15 for
shareholders of record August 1, ex-div July 29.
NextEra Energy Partners, LP (NEP)
NextEra Energy Partners, LP acquires, owns, and manages
contracted clean energy projects in the United States. It owns a portfolio of
contracted renewable generation assets consisting of wind and solar projects,
as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP
was incorporated in 2014 and is headquartered in Juno Beach, Florida.
On July 22, NEP announced
a quarterly dividend of $0.7625 per share.
This is a 4.1%
increase from the prior dividend of $0.7325.
Payable August 12 for
shareholders of record August 4, ex-div August 3.
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