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, 16 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.
Home Bancorp, Inc. (HBCP)
Home Bancorp, Inc. operates as the bank holding company for
Home Bank, National Association that provides various banking products and
services in Louisiana and Mississippi. It offers deposit products, including
interest-bearing and noninterest-bearing checking, money market, savings, NOW,
and certificates of deposit accounts. Home Bancorp, Inc. was founded in 1908
and is headquartered in Lafayette, Louisiana.
On October 18, HBCP announced a quarterly dividend of $0.24 per share.
This is a 4.3%
increase from the prior dividend of $0.23.
Payable November 10
for shareholders of record October 31 ex-div October 28.
Lincoln Electric Holdings, Inc. (LECO)
Lincoln Electric Holdings, Inc., through its subsidiaries,
designs, develops, manufactures, and sells welding, cutting, and brazing
products worldwide. The company operates through three segments: Americas
Welding, International Welding, and The Harris Products Group. The company was
founded in 1895 and is headquartered in Cleveland, Ohio.
On October 18, LECO announced a quarterly dividend of $0.64 per share.
This is a 14.3%
increase from the prior dividend of $0.56.
Payable January 13 for
shareholders of record December 31 ex-div December 29.
Brown & Brown, Inc. (BRO)
Brown & Brown, Inc. markets and sells insurance products
and services in the United States, Bermuda, Canada, Ireland, the United
Kingdom, and the Cayman Islands. It operates through four segments: Retail,
National Programs, Wholesale Brokerage, and Services. The company was founded
in 1939 and is headquartered in Daytona Beach, Florida.
On October 18, BRO announced a quarterly dividend of $0.115 per share.
This is a 12.2%
increase from the prior dividend of $0.10256.
Payable November 16
for shareholders of record November 2 ex-div November 1.
Prosperity Bancshares, Inc. (PB)
Prosperity Bancshares, Inc. operates as bank holding company
for the Prosperity Bank that provides financial products and services to
businesses and consumers. It accepts various deposit products, such as demand,
savings, money market, and time accounts, as well as and certificates of
deposit. Prosperity Bancshares, Inc. was founded in 1983 and is based in
Houston, Texas.
On October 19, PB announced a quarterly dividend of $0.55 per share.
This is a 5.8%
increase from the prior dividend of $0.52.
Payable January 3 for
shareholders of record December 15 ex-div December 14.
Healthcare Services Group, Inc. (HCSG)
Healthcare Services Group, Inc. provides management,
administrative, and operating services to the housekeeping, laundry, linen,
facility maintenance, and dietary service departments of nursing homes,
retirement complexes, rehabilitation centers, and hospitals in the United
States. It operates through two segments, Housekeeping and Dietary. Healthcare
Services Group, Inc. was incorporated in 1976 and is based in Bensalem,
Pennsylvania.
On October 19, HCSG announced a quarterly dividend of $0.215 per share.
This is a 0.6%
increase from the prior dividend of $0.2137.
Payable December 22
for shareholders of record November 18 ex-div November 17.
Celanese Corporation (CE)
Celanese Corporation, a technology and specialty materials
company, manufactures and sells high performance engineered polymers in the
United States and internationally. The company operates through three segments:
Engineered Materials, Acetate Tow, and Acetyl Chain. Celanese Corporation was
founded in 1918 and is headquartered in Irving, Texas.
On October 19, CE announced a quarterly dividend of $0.70 per share.
This is a 2.9%
increase from the prior dividend of $0.68.
Payable November 14
for shareholders of record October 31 ex-div October 28.
Fidelity D & D Bancorp, Inc. (FDBC)
Fidelity D & D Bancorp, Inc. operates as the bank
holding company for The Fidelity Deposit and Discount Bank that provides a
range of banking, trust, and financial services to individuals, small
businesses, and corporate customers. Fidelity D & D Bancorp, Inc. was
founded in 1902 and is headquartered in Dunmore, Pennsylvania.
On October 19, FDBC announced a quarterly dividend of $0.36 per share.
This is a 9.1%
increase from the prior dividend of $0.33.
Payable December 9 for
shareholders of record November 18 ex-div November 17.
Magellan Midstream Partners, L.P. (MMP)
Magellan Midstream Partners, L.P. engages in the
transportation, storage, and distribution of refined petroleum products and
crude oil in the United States. It operates through Refined Products and Crude
Oil segments. The company was incorporated in 2000 and is headquartered in
Tulsa, Oklahoma.
On October 20, MMP announced a quarterly distribution of $1.0475 per share.
This is a 1.0%
increase from the prior dividend of $1.0375.
Payable November 14
for shareholders of record November 7 ex-div November 4.
1st Source Corporation (SRCE)
1st Source Corporation operates as the bank holding company
for 1st Source Bank that provides commercial and consumer banking services,
trust and wealth advisory services, and insurance products to individual and
business clients. Its consumer banking services include checking and savings
accounts; certificates of deposit; individual retirement accounts; online and
mobile banking products; consumer loans, real estate mortgage loans, and home
equity lines of credit; and financial planning, financial literacy, and other
consultative services, as well as debit and credit cards. 1st Source
Corporation was founded in 1863 and is headquartered in South Bend, Indiana.
On October 20, SRCE announced a quarterly dividend of $0.32 per share.
This is a 3.2%
increase from the prior dividend of $0.31.
Payable November 10
for shareholders of record November 1 ex-div October 31.
Crown Castle Inc. (CCI)
Crown Castle owns, operates and leases more than 40,000 cell
towers and approximately 80,000 route miles of fiber supporting small cells and
fiber solutions across every major U.S. market. This nationwide portfolio of
communications infrastructure connects cities and communities to essential
data, technology and wireless service - bringing information, ideas and
innovations to the people and businesses that need them.
On October 20, CCI announced a quarterly dividend of $1.565 per share.
This is a 6.5%
increase from the prior dividend of $1.47.
Payable December 30
for shareholders of record December 15 ex-div December 14.
IDACORP, Inc. (IDA)
IDACORP, Inc., together with its subsidiaries, engages in
the generation, transmission, distribution, purchase, and sale of electric
energy in the United States. The company operates 17 hydropower generating
plants located in southern Idaho and eastern Oregon; three natural gas-fired
plants in southern Idaho; and interests in two coal-fired steam electric
generating plants located in Wyoming and Nevada.
On October 20, IDA announced a quarterly dividend of $0.79 per share.
This is a 5.3%
increase from the prior dividend of $0.75.
Payable November 30
for shareholders of record November 2 ex-div November 1.
Pinnacle West Capital Corporation (PNW)
Pinnacle West Capital Corporation, through its subsidiary,
Arizona Public Service Company, provides retail and wholesale electric services
primarily in the state of Arizona. The company engages in the generation,
transmission, and distribution of electricity using coal, nuclear, gas, oil,
and solar generating facilities. Pinnacle West Capital Corporation was
incorporated in 1985 and is headquartered in Phoenix, Arizona.
On October 20, PNW announced a quarterly dividend of $0.865 per share.
This is a 1.8%
increase from the prior dividend of $0.85.
Payable December 1 for
shareholders of record November 1 ex-div October 31.
Hubbell Incorporated (HUBB)
Hubbell Incorporated, together with its subsidiaries,
designs, manufactures, and sells electrical and electronic products in the
United States and internationally. It operates through two segments, Electrical
Solution and Utility Solution. The company was founded in 1888 and is
headquartered in Shelton, Connecticut.
On October 21, HUBB announced a quarterly dividend of $1.12 per share.
This is a 6.7%
increase from the prior dividend of $1.05.
Payable December 15
for shareholders of record November 30 ex-div November 29.
MGE Energy, Inc. (MGEE)
MGE Energy, Inc., through its subsidiaries, operates as a
public utility holding company primarily in Wisconsin. It operates through
Regulated Electric Utility Operations; Regulated Gas Utility Operations;
Nonregulated Energy Operations; Transmission Investments; and All Other. MGE
Energy, Inc.is headquartered in Madison, Wisconsin.
On October 21, MGEE announced a quarterly dividend of $0.4075 per share.
This is a 5.2%
increase from the prior dividend of $0.3875.
Payable December 15
for shareholders of record December 1 ex-div November 30.
Middlesex Water Company (MSEX)
Middlesex Water Company owns and operates regulated water
utility and wastewater systems. It operates in two segments, Regulated and
Non-Regulated. The Regulated segment collects, treats, and distributes water on
a retail and wholesale basis to residential, commercial, industrial, and fire
protection customers, as well as provides regulated wastewater systems in New
Jersey and Delaware. The Non-Regulated segment provides non-regulated contract
services for the operation and maintenance of municipal and private water and wastewater
systems in New Jersey and Delaware. The company was incorporated in 1896 and is
headquartered in Iselin, New Jersey.
On October 21, MSEX announced a quarterly dividend of $0.3125 per share.
This is a 7.8%
increase from the prior dividend of $0.29.
Payable December 1 for
shareholders of record November 16 ex-div November 15.
Mueller Water Products, Inc. (MWA)
Mueller Water Products Inc. manufactures and markets
products and services used in the transmission, distribution, and measurement
of water in North America and internationally. Its products and services are
used by municipalities, and the residential and non-residential construction
industries. It operates through two segments, Infrastructure and Technologies. The
company was founded in 1857 and is headquartered in Atlanta, Georgia.
On October 21, MWA announced a quarterly dividend of $0.061 per share.
This is a 5.2%
increase from the prior dividend of $0.058.
Payable November 21
for shareholders of record November 10 ex-div November 9.
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