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, 6 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.
STORE Capital Corporation (STOR)
STORE Capital Corporation is an internally managed net-lease
real estate investment trust, or REIT, that is the leader in the acquisition,
investment and management of Single Tenant Operational Real Estate, which is
its target market and the inspiration for its name. STORE Capital is one of the
largest and fastest growing net-lease REITs and owns a large, well-diversified
portfolio that consists of investments in more than 2,500 property locations
across the United States, substantially all of which are profit centers.
On September 19, STOR announced a quarterly dividend of $0.41 per share.
This is a 6.5%
increase from the prior dividend of $0.385.
Payable October 17 for
shareholders of record September 30 ex-div September 29.
Microsoft Corporation (MSFT)
Microsoft Corporation develops, licenses, and supports
software, services, devices, and solutions worldwide. The company operates in
three segments: Productivity and Business Processes, Intelligent Cloud, and
More Personal Computing. Microsoft Corporation was founded in 1975 and is headquartered
in Redmond, Washington.
On September 20, MSFT announced a quarterly dividend of $0.68 per share.
This is a 9.7%
increase from the prior dividend of $0.62.
Payable December 8 for
shareholders of record November 17 ex-div November 16.
Accenture plc (ACN)
Accenture plc, a professional services company, provides
strategy and consulting, interactive, and technology and operations services
worldwide. Accenture plc was founded in 1951 and is based in Dublin, Ireland.
On September 22, ACN announced a quarterly dividend of $1.12 per share.
This is a 15.5%
increase from the prior dividend of $0.97.
Payable November 15
for shareholders of record October 13 ex-div October 12.
Investar Holding Corporation (ISTR)
Investar Holding Corporation operates as the bank holding
company for Investar Bank that provides a range of commercial banking products
to individuals and small to medium-sized businesses in South Louisiana. The
company offers various deposit products and services, such as savings,
checking, money market, and individual retirement accounts, as well as various
certificates of deposit; debit cards; and mobile banking services. Investar
Holding Corporation was founded in 2006 and is headquartered in Baton Rouge,
Louisiana.
On September 21, ISTR announced a quarterly dividend of $0.095 per share.
This is a 5.6%
increase from the prior dividend of $0.09.
Payable October 31 for
shareholders of record September 30 ex-div September 29.
American Tower Corporation (AMT)
American Tower Corporation, one of the largest global REITs,
is a leading independent owner, operator and developer of multitenant
communications real estate with a portfolio of approximately 219,000
communications sites. For more information about American Tower, please visit
the “Earnings Materials” and “Investor Presentations” sections of our investor
relations website at www.americantower.com.
On September 22, AMT announced a quarterly dividend of $1.47 per share.
This is a 2.8%
increase from the prior dividend of $1.43.
Payable October 26 for
shareholders of record October 11 ex-div October 10.
Emera Inc. (TSE:EMA)
Emera Incorporated, an energy and services company, through
its subsidiaries, engages in the generation, transmission, and distribution of
electricity to various customers. The company operates through Florida Electric
Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities
and Infrastructure, and Other segments. The company was incorporated in 1998
and is headquartered in Halifax, Canada.
On September 22, EMA announced
a quarterly dividend of C$0.69 per share.
This is a 4.2%
increase from the prior dividend of C$0.6625.
Payable November 15.
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