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.
Evans Bancorp, Inc. (EVBN)
Evans Bancorp, Inc. primarily operates as the financial
holding company for Evans Bank, N.A. that provides a range of banking products
and services to consumer and commercial customers in Western New York and the
Finger Lakes Region of New York State. It operates in two segments, Banking
Activities and Insurance Agency Activities. Evans Bancorp, Inc. was founded in
1920 and is headquartered in Williamsville, New York.
On August 16, EVBN announced a semi-annual dividend of $0.64 per share.
This is a 3.2%
increase from the prior dividend of $0.62.
Payable October 4 for
shareholders of record September 13, ex-div September 12.
Stock Yards Bancorp, Inc. (SYBT)
Stock Yards Bancorp, Inc. operates as a holding company for
Stock Yards Bank & Trust Company that provides various financial services
for individuals, corporations, and others in the United States. It operates in
two segments, Commercial Banking, and WM&T. Stock Yards Bancorp, Inc. was
founded in 1904 and is headquartered in Louisville, Kentucky.
On August 17, SYBT announced a quarterly dividend of $0.29 per share.
This is a 3.6%
increase from the prior dividend of $0.28.
Payable October 3 for
shareholders of record September 19, ex-div September 16.
C&F Financial Corporation (CFFI)
C&F Financial Corporation operates as a bank holding
company for Citizens and Farmers Bank that provides banking services to
individuals and businesses. The company’s Retail Banking offers various banking
services, including checking and savings deposit accounts, as well as business,
real estate, development, mortgage, home equity, and installment loans. C&F
Financial Corporation was founded in 1927 and is headquartered in West Point,
Virginia.
On August 17, CFFI announced a quarterly dividend of $0.42 per share.
This is a 5.0%
increase from the prior dividend of $0.40.
Payable October 1 for
shareholders of record September 15, ex-div September 14.
American Financial Group, Inc. (AFG)
American Financial Group, Inc., an insurance holding
company, provides specialty property and casualty insurance products in the
United States. American Financial Group, Inc. was founded in 1872 and is
headquartered in Cincinnati, Ohio.
On August 17, AFG announced a quarterly dividend of $0.63 per share.
This is a 12.5%
increase from the prior dividend of $0.56.
The increased
dividend, when declared, will be paid beginning in October 2022.
Cboe Global Markets, Inc. (CBOE)
Cboe Global Markets, Inc., through its subsidiaries,
operates as an options exchange worldwide. It operates through five segments:
Options, North American Equities, Futures, Europe and Asia Pacific, and Global
FX. Cboe Global Markets, Inc. was founded in 1973 and is headquartered in
Chicago, Illinois.
On August 18, CBOE announced a quarterly dividend of $0.50 per share.
This is a 4.2%
increase from the prior dividend of $0.48.
Payable September 15
for shareholders of record August 31, ex-div August 30.
CTO Realty Growth, Inc. (CTO)
CTO Realty Growth, Inc. is a Florida-based publicly traded
real estate company, which owns income properties comprised of approximately
2.4 million square feet in diversified markets in the United States and an
approximately 23.5% interest in Alpine Income Property Trust, Inc., a publicly
traded net lease real estate investment trust (NYSE: PINE).
On August 22, CTO announced
a quarterly dividend of $0.38 per share.
This is a 1.8%
increase from the prior dividend of $0.3733.
Payable September 30
for shareholders of record September 12, ex-div September 9.
Atrion Corporation (ATRI)
Atrion Corporation, together with its subsidiaries, develops,
manufactures, and sells products for fluid delivery, cardiovascular, and
ophthalmology applications in the United States, Canada, Europe, and
internationally. Atrion Corporation was founded in 1944 and is headquartered in
Allen, Texas.
On August 22, ATRI announced
a quarterly dividend of $2.15 per share.
This is a 10.3%
increase from the prior dividend of $1.95.
Payable September 30
for shareholders of record September 15, ex-div September 14.
First American Financial Corporation (FAF)
First American Financial Corporation, through its
subsidiaries, provides financial services. It operates through Title Insurance
and Services, and Specialty Insurance segments. First American Financial
Corporation was founded in 1889 and is headquartered in Santa Ana, California.
On August 23, FAF announced
a quarterly dividend of $0.52 per share.
This is a 2.0%
increase from the prior dividend of $0.51.
Payable September 15
for shareholders of record September 8, ex-div September 7.
Altria Group, Inc. (MO)
Altria Group, Inc., through its subsidiaries, manufactures
and sells smokeable and oral tobacco products in the United States. Altria
Group, Inc. was founded in 1822 and is headquartered in Richmond, Virginia.
On August 25, MO announced
a quarterly dividend of $0.94 per share.
This is a 4.4%
increase from the prior dividend of $0.90.
Payable October 11 for
shareholders of record September 15, ex-div September 14.
Capital City Bank Group, Inc. (CCBG)
Capital City Bank Group, Inc. operates as the financial
holding company for Capital City Bank that provides a range of banking and
banking-related services to individual and corporate clients. The company
offers financing for commercial business properties, equipment, inventories,
and accounts receivable, as well as commercial leasing and letters of credit;
treasury management services; and merchant credit card transaction processing
services. The company was founded in 1895 and is headquartered in Tallahassee,
Florida.
On August 25, CCBG announced
a quarterly dividend of $0.17 per share.
This is a 6.3%
increase from the prior dividend of $0.16.
Payable September 26
for shareholders of record September 12, ex-div September 9.
Lam Research Corporation (LRCX)
Lam Research Corporation designs, manufactures, markets,
refurbishes, and services semiconductor processing equipment used in the
fabrication of integrated circuits. Lam Research Corporation was incorporated
in 1980 and is headquartered in Fremont, California.
On August 25, LRCX announced
a quarterly dividend of $1.725 per share.
This is a 15.0%
increase from the prior dividend of $1.50.
Payable October 5 for
shareholders of record September 14, ex-div September 13.
Summit Financial Group, Inc. (SMMF)
Summit Financial Group, Inc. operates as a financial holding
company for Summit Community Bank, Inc. that provides community banking and
other financial services to individuals and businesses primarily in the Eastern
Panhandle, Southern and North Central regions of West Virginia and the
Northern, Shenandoah Valley, and Southwestern regions of Virginia, and the
Central region of Kentucky. The company was incorporated in 1987 and is
headquartered in Moorefield, West Virginia.
On August 25, SMMF announced
a quarterly dividend of $0.20 per share.
This is an 11.1%
increase from the prior dividend of $0.18.
Payable September 30
for shareholders of record September 15, ex-div September 14.
Northrim BanCorp, Inc. (NRIM)
Northrim BanCorp, Inc. operates as the bank holding company
for Northrim Bank that provides commercial banking products and services to
businesses and professional individuals. It operates in two segments, Community
Banking and Home Mortgage Lending. Northrim BanCorp, Inc. was founded in 1990
and is headquartered in Anchorage, Alaska.
On August 26, NRIM announced
a quarterly dividend of $0.50 per share.
This is a 22.0%
increase from the prior dividend of $0.41.
Payable September 16
for shareholders of record September 8, ex-div September 7.
EastGroup Properties, Inc. (EGP)
EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap
400 company, is a self-administered equity real estate investment trust focused
on the development, acquisition and operation of industrial properties in major
Sunbelt markets throughout the United States with an emphasis in the states of
Florida, Texas, Arizona, California and North Carolina.
On August 26, EGP announced
a quarterly dividend of $1.25 per share.
This is a 13.6%
increase from the prior dividend of $1.10.
Payable October 14 for
shareholders of record September 30, ex-div September 29.
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