July 9, 2022

Dividend Increases: Weeks 26 and 27



 

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, 5 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 First Bancorp, Inc. (FNLC)

The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, savings, money market, and certificates of deposit accounts. The First Bancorp, Inc. was founded in 1864 and is based in Damariscotta, Maine.

On June 30, FNLC announced a quarterly dividend of $0.34 per share.

This is a 6.3% increase from the prior dividend of $0.32. 

Payable July 22 for shareholders of record July 11, ex-div July 8.

 

Lindsay Corporation (LNN)

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company operates in two segments, Irrigation and Infrastructure. Lindsay Corporation was founded in 1954 and is headquartered in Omaha, Nebraska.

On July 01, LNN announced a quarterly dividend of $0.34 per share.

This is a 3.0% increase from the prior dividend of $0.33. 

Payable August 31 for shareholders of record August 17, ex-div August 16.

 

Bank OZK (OZK)

Bank OZK provides various retail and commercial banking services. It accepts various deposit products, including non-interest-bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. The company also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products. Bank OZK was founded in 1903 and is headquartered in Little Rock, Arkansas.

On July 01, OZK announced a quarterly dividend of $0.32 per share.

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

Payable July 22 for shareholders of record July 15, ex-div July 14.

 

Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The company was founded in 1968 and is headquartered in Houston, Texas.

On July 07, EPD announced a quarterly dividend of $0.475 per share.

This is a 2.2% increase from the prior dividend of $0.465. 

Payable August 12 for shareholders of record July 29, ex-div July 28.

 

John B. Sanfilippo & Son, Inc. (JBSS)

John B. Sanfilippo & Son, Inc., through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings. John B. Sanfilippo & Son, Inc. was founded in 1922 and is headquartered in Elgin, Illinois.

On July 07, JBSS announced an annual dividend of $0.75 per share.

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

Payable August 31 for shareholders of record August 12, ex-div August 11.

 

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