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, 25 companies announced dividend increases. Note
that no dividend cuts or suspensions were announced during this period. This is
the first part of the week’s notifications.
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.
McKesson Corporation (MCK)
McKesson Corporation provides healthcare services in the
United States and internationally. It operates through four segments: U.S.
Pharmaceutical, International, Medical-Surgical Solutions, and Prescription
Technology Solutions (RxTS). McKesson Corporation was founded in 1833 and is
headquartered in Irving, Texas.
On July 25, MCK announced a quarterly dividend of $0.54 per share.
This is a 14.9%
increase from the prior dividend of $0.47.
Payable October 3 for
shareholders of record September 1, ex-div August 31.
NBT Bancorp Inc. (NBTB)
NBT Bancorp Inc., a financial holding company, provides
commercial banking, retail banking, and wealth management services. Its deposit
products include demand deposit, savings, negotiable order of withdrawal, money
market deposit, and certificate of deposit accounts. NBT Bancorp Inc. was
founded in 1856 and is headquartered in Norwich, New York.
On July 25, NBTB announced a quarterly dividend of $0.30 per share.
This is a 7.1%
increase from the prior dividend of $0.28.
Payable September 15
for shareholders of record September 1, ex-div August 31.
Hess Midstream LP (HESM)
Hess Midstream LP owns, develops, operates, and acquires
midstream assets. The company operates through three segments: Gathering;
Processing and Storage; and Terminaling and Export. Hess Midstream LP was
founded in 2014 and is based in Houston, Texas.
On July 25, HESM announced a quarterly dividend of $0.5559 per share.
This is a 1.2%
increase from the prior dividend of $0.5492.
Payable August 12 for
shareholders of record August 4, ex-div August 3.
Delek Logistics Partners, LP (DKL)
Delek Logistics Partners, LP owns and operates logistics and
marketing assets for crude oil, and intermediate and refined products in the
United States. It operates through three segments: Pipelines and
Transportation, Wholesale Marketing and Terminalling, and Investment in Pipeline
Joint Ventures. Delek Logistics Partners, LP was incorporated in 2012 and is
headquartered in Brentwood, Tennessee. Delek Logistics Partners, LP is a
subsidiary of Delek US Holdings, Inc.
On July 25, DKL announced a quarterly dividend of $0.985 per share.
This is a 0.5%
increase from the prior dividend of $0.98.
Payable August 11 for
shareholders of record August 4, ex-div August 3.
Enterprise Financial Services Corp (EFSC)
Enterprise Financial Services Corp operates as the financial
holding company for Enterprise Bank & Trust that offers banking and wealth
management services to individuals and corporate customers. The company offers
checking, savings, and money market accounts, and certificates of deposit.
Enterprise Financial Services Corp was founded in 1988 and is headquartered in
Clayton, Missouri.
On July 25, EFSC announced a quarterly dividend of $0.23 per share.
This is a 4.5%
increase from the prior dividend of $0.22.
Payable September 30
for shareholders of record September 15, ex-div September 14.
WSFS Financial Corporation (WSFS)
WSFS Financial Corporation operates as the savings and loan
holding company for the Wilmington Savings Fund Society, FSB that provides
various banking services in the United States. It operates through three segments:
WSFS Bank, Cash Connect, and Wealth Management. The company was founded in 1832
and is headquartered in Wilmington, Delaware.
On July 25, WSFS announced a quarterly dividend of $0.15 per share.
This is a 15.4%
increase from the prior dividend of $0.13.
Payable August 19 for
shareholders of record August 5, ex-div August 4.
MSCI Inc. (MSCI)
MSCI Inc., together with its subsidiaries, provides
investment decision support tools for the clients to manage their investment
processes worldwide. It operates through four segments: Index, Analytics, ESG
and Climate, and All Other – Private Assets. MSCI Inc. was incorporated in 1998
and is headquartered in New York, New York.
On July 26, MSCI announced a quarterly dividend of $1.25 per share.
This is a 20.2%
increase from the prior dividend of $1.04.
Payable August 31 for
shareholders of record August 12, ex-div August 11.
Truist Financial Corporation (TFC)
Truist Financial Corporation, a holding company, provides
banking and trust services in the Southeastern and Mid-Atlantic United States.
The company operates through three segments: Consumer Banking and Wealth,
Corporate and Commercial Banking, and Insurance Holdings. Truist Financial
Corporation was founded in 1872 and is headquartered in Charlotte, North
Carolina.
On July 26, TFC announced a quarterly dividend of $0.52 per share.
This is an 8.3%
increase from the prior dividend of $0.48.
Payable September 1
for shareholders of record August 12, ex-div August 11.
First Community Bankshares, Inc. (FCBC)
First Community Bankshares, Inc. operates as the financial
holding company for First Community Bank that provides various banking products
and services. It offers demand deposit accounts, savings and money market
accounts, certificates of deposit, and individual retirement arrangements;
commercial, consumer, and real estate mortgage loans, as well as lines of credit;
various credit and debit cards, and automated teller machine card services; and
corporate and personal trust services. First Community Bankshares, Inc. was
founded in 1874 and is headquartered in Bluefield, Virginia.
On July 26, FCBC announced a quarterly dividend of $0.29 per share.
This is a 7.4%
increase from the prior dividend of $0.27.
Payable August 19 for
shareholders of record August 5, ex-div August 4.
Cintas Corporation (CTAS)
Cintas Corporation provides corporate identity uniforms and
related business services primarily in the United States, Canada, and Latin
America. It operates through Uniform Rental and Facility Services, First Aid
and Safety Services, and All Other segments. Cintas Corporation was founded in
1968 and is headquartered in Cincinnati, Ohio.
On July 26, CTAS announced a quarterly dividend of $1.15 per share.
This is a 21.1%
increase from the prior dividend of $0.95.
Payable September 15
for shareholders of record August 15, ex-div August 12.
Eagle Bancorp Montana, Inc. (EBMT)
Eagle Bancorp Montana, Inc. operates as the bank holding
company for Opportunity Bank of Montana that provides various retail banking
products and services to small businesses and individuals in Montana. It
accepts various deposit products, such as checking, savings, money market, and
individual retirement accounts, as well as certificates of deposit accounts.
Eagle Bancorp Montana, Inc. was founded in 1922 and is headquartered in Helena,
Montana.
On July 26, EBMT announced a quarterly dividend of $0.1375 per share.
This is a 10.0%
increase from the prior dividend of $0.125.
Payable September 2
for shareholders of record August 12, ex-div August 11.
Community Trust Bancorp, Inc. (CTBI)
Community Trust Bancorp, Inc. operates as the bank holding company
for Community Trust Bank, Inc. that provides commercial and personal banking
services to small and mid-sized communities. The company accepts time and
demand deposits, checking accounts, savings accounts and savings certificates,
individual retirement accounts and Keogh plans, and money market accounts.
Community Trust Bancorp, Inc. was founded in 1903 and is headquartered in
Pikeville, Kentucky.
On July 27, CTBI announced a quarterly dividend of $0.44 per share.
This is a 10.0%
increase from the prior dividend of $0.40.
Payable October 1 for
shareholders of record September 15, ex-div September 14.
FNCB Bancorp, Inc. (FNCB)
FNCB Bancorp, Inc. operates as the bank holding company for
FNCB Bank that provides retail and commercial banking services to individuals,
businesses, local governments, and municipalities in Northeastern Pennsylvania.
The company offers checking, savings, money market, and certificate of deposit
products. FNCB Bancorp, Inc. was founded in 1910 and is headquartered in
Dunmore, Pennsylvania.
On July 27, FNCB announced a quarterly dividend of $0.09 per share.
This is a 20.0%
increase from the prior dividend of $0.075.
Payable September 15 for shareholders of record September 1, ex-div August 31.
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