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, 11 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.
Fifth Third Bancorp (FITB)
Fifth Third Bancorp operates as a diversified financial
services company in the United States. The company’s Commercial Banking segment
offers credit intermediation, cash management, and financial services. Fifth
Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.
On September 12, FITB announced a quarterly dividend of $0.33 per share.
This is a 10.0%
increase from the prior dividend of $0.30.
Payable October 17 for
shareholders of record September 30, ex-div September 29.
Realty Income Corporation (O)
Realty Income, The Monthly Dividend Company, is an S&P
500 company dedicated to providing stockholders with dependable monthly income.
The company is structured as a REIT, and its monthly dividends are supported by
the cash flow from over 6,500 real estate properties owned under long-term
lease agreements with our commercial clients.
On September 13, O announced a monthly dividend of $0.248 per share.
This is a 0.2%
increase from the prior dividend of $0.2475.
Payable October 14 for
shareholders of record October 3, ex-div September 30.
U.S. Bancorp (USB)
U.S. Bancorp, a financial services holding company, provides
various financial services to individuals, businesses, institutional
organizations, governmental entities and other financial institutions in the
United States. It operates in Corporate and Commercial Banking, Consumer and
Business Banking, Wealth Management and Investment Services, Payment Services,
and Treasury and Corporate Support segments. The company was founded in 1863
and is headquartered in Minneapolis, Minnesota.
On September 13, USB announced a quarterly dividend of $0.48 per share.
This is a 4.3%
increase from the prior dividend of $0.46.
Payable October 17 for
shareholders of record September 30, ex-div September 29.
Philip Morris International Inc. (PM)
Philip Morris International Inc. operates as a tobacco
company working to delivers a smoke-free future and evolving portfolio for the
long-term to include products outside of the tobacco and nicotine sector. The
company's product portfolio primarily consists of cigarettes and smoke-free
products, including heat-not-burn, vapor, and oral nicotine products that are
sold in markets outside the United States. Philip Morris International Inc. was
incorporated in 1987 and is headquartered in New York, New York.
On September 14, PM announced a quarterly dividend of $1.27 per share.
This is a 1.6%
increase from the prior dividend of $1.25.
Payable October 12 for
shareholders of record September 28, ex-div September 27.
New Jersey Resources Corporation (NJR)
New Jersey Resources Corporation, an energy services holding
company, provides regulated gas distribution, and retail and wholesale energy
services. The company operates through four segments: Natural Gas Distribution,
Clean Energy Ventures, Energy Services, and Storage and Transportation. The
company was incorporated in 1981 and is headquartered in Wall, New Jersey.
On September 14, NJR announced a quarterly dividend of $0.39 per share.
This is a 7.6%
increase from the prior dividend of $0.3625.
Payable October 3 for
shareholders of record September 26, ex-div September 23.
Innovative Industrial Properties, Inc. (IIPR)
Innovative Industrial Properties, Inc. is a self-advised
Maryland corporation focused on the acquisition, ownership and management of
specialized properties leased to experienced, state-licensed operators for
their regulated medical-use cannabis facilities. Innovative Industrial
Properties, Inc. has elected to be taxed as a real estate investment trust,
commencing with the year ended December 31, 2017.
On September 15, IIPR announced a quarterly dividend of $1.80 per share.
This is a 2.9%
increase from the prior dividend of $1.75.
Payable October 14 for
shareholders of record September 30 ex-div September 29.
Texas Instruments Incorporated (TXN)
Texas Instruments Incorporated designs, manufactures, and
sells semiconductors to electronics designers and manufacturers worldwide. It
operates in two segments, Analog and Embedded Processing. Texas Instruments
Incorporated was founded in 1930 and is headquartered in Dallas, Texas.
On September 15, TXN announced a quarterly dividend of $1.24 per share.
This is a 7.8%
increase from the prior dividend of $1.15.
Payable November 15
for shareholders of record October 31 ex-div October 28.
W. P. Carey Inc. (WPC)
W. P. Carey ranks among the largest net lease REITs with an enterprise
value of approximately $18 billion and a diversified portfolio of
operationally-critical commercial real estate that includes 1,215 net lease
properties covering approximately 142 million square feet as of September 30,
2020. For nearly five decades, the company has invested in high-quality
single-tenant industrial, warehouse, office, retail and self-storage properties
subject to long-term net leases with built-in rent escalators. Its portfolio is
located primarily in the U.S. and Northern and Western Europe and is
well-diversified by tenant, property type, geographic location and tenant
industry.
On September 15, WPC announced a quarterly dividend of $1.061 per share.
This is a 0.2%
increase from the prior dividend of $1.059.
Payable October 14 for
shareholders of record September 30 ex-div September 29.
First Bancorp (FBNC)
First Bancorp operates as the bank holding company for First
Bank that provides banking products and services for individuals and small to
medium-sized businesses primarily in North Carolina and northeastern South
Carolina. It accepts deposit products, such as checking, savings, and money
market accounts, as well as time deposits, including certificate of deposits
and individual retirement accounts. First Bancorp was founded in 1934 and is
headquartered in Southern Pines, North Carolina.
On September 15, FBNC announced a quarterly dividend of $0.22 per share.
This is a 10.0%
increase from the prior dividend of $0.20.
Payable October 25 for
shareholders of record September 30 ex-div September 29.
Savaria Corporation (TSE:SIS)
Savaria Corporation provides accessibility solutions for the
elderly and physically challenged people in Canada, the United States, Europe,
and internationally. The company operates in three segments: Accessibility,
Patient Care, and Adapted Vehicles. Savaria Corporation was founded in 1979 and
is headquartered in Laval, Canada.
On September 16, SIS announced a monthly dividend of C$0.0433 per share.
This is a 3.8%
increase from the prior dividend of C$0.0417.
Payable October 7 for
shareholders of record September 29 ex-div September 28.
Farmers & Merchants Bancorp, Inc. (FMAO)
Farmers & Merchants Bancorp, Inc. operates as the bank
holding company for The Farmers & Merchants State Bank that provides
commercial banking services to individuals and small businesses in northwest
Ohio and northeast Indiana. Farmers & Merchants Bancorp, Inc. was founded
in 1897 and is headquartered in Archbold, Ohio.
On September 16, FMAO announced a quarterly dividend of $0.21 per share.
This is a 10.5%
increase from the prior dividend of $0.19.
Payable October 20 for
shareholders of record September 26 ex-div September 23.
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