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.
TriCo Bancshares (TCBK)
TriCo Bancshares operates as a bank holding company for Tri
Counties Bank that provides commercial banking services to individual and
corporate customers. The company accepts demand, savings, and time deposits. It
also provides small business loans; real estate mortgage loans, such as
residential and commercial loans; consumer loans; commercial loans, including
agricultural loans; and real estate construction loans. The company was founded
in 1975 and is headquartered in Chico, California.
On August 29, TCBK announced a quarterly dividend of $0.30 per share.
This is a 20.0%
increase from the prior dividend of $0.25.
Payable September 23
for shareholders of record September 9, ex-div September 8.
Avnet, Inc. (AVT)
Avnet, Inc., a technology solutions company, markets, sells,
and distributes electronic components. The company operates through two
segments, Electronic Components and Farnell. It has operations in the Americas,
Europe, the Middle East, Africa, and the Asia Pacific. Avnet, Inc. was founded
in 1921 and is headquartered in Phoenix, Arizona.
On August 31, AVT announced a quarterly dividend of $0.29 per share.
This is an 11.5%
increase from the prior dividend of $0.26.
Payable September 28
for shareholders of record September 14, ex-div September 13.
Brady Corporation (BRC)
Brady Corporation manufactures and supplies identification
solutions (IDS) and workplace safety (WPS) products to identify and protect
premises, products, and people in the United States and internationally. It
operates through two segments, IDS and WPS. Brady Corporation was incorporated
in 1914 and is headquartered in Milwaukee, Wisconsin.
On August 31, BRC announced a quarterly dividend of $0.23 per share.
This is a 2.2%
increase from the prior dividend of $0.225.
Payable October 28 for
shareholders of record October 7, ex-div October 6.
Citizens Financial Services, Inc. (CZFS)
Citizens Financial Services, Inc. operates as the bank
holding company for First Citizens Community Bank that provides various banking
products and services for individual, business, governmental, and institutional
customers. The company accepts various deposit products, such as checking,
savings, and time deposit accounts. Citizens Financial Services, Inc. was
founded in 1932 and is headquartered in Mansfield, Pennsylvania.
On September 1, CZFS announced a quarterly dividend of $0.48 per share.
This is a 1.1%
increase from the prior dividend of $0.475.
Payable September 30
for shareholders of record September 16, ex-div September 15.
Verizon Communications Inc. (VZ)
Verizon Communications Inc., through its subsidiaries,
offers communications, technology, information, and entertainment products and
services to consumers, businesses, and governmental entities worldwide. Verizon
Communications Inc. was incorporated in 1983 and is headquartered in New York,
New York.
On September 6, VZ announced a quarterly dividend of $0.6525 per share.
This is a 2.0%
increase from the prior dividend of $0.64.
Payable November 1 for
shareholders of record October 7, ex-div October 6.
Kilroy Realty Corporation (KRC)
Kilroy Realty Corporation (NYSE: KRC, the
"company", "KRC") is a leading West Coast landlord and
developer, with a major presence in San Diego, Greater Los Angeles, the San
Francisco Bay Area, and the Pacific Northwest. The company has earned global
recognition for sustainability, building operations, innovation and design. KRC
is a publicly traded real estate investment trust ("REIT") and member
of the S&P MidCap 400 Index with more than seven decades of experience
developing, acquiring and managing office and mixed-use projects.
On September 8, KRC announced a quarterly dividend of $0.54 per share.
This is a 3.8%
increase from the prior dividend of $0.52.
Payable October 12 for
shareholders of record September 30, ex-div September 29.
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