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, 25 companies announced dividend increases. Note
that no dividend cuts or suspensions were announced during this period. This is
the first part of the week’s notifications.
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.
Portland General Electric Company (POR)
Portland General Electric Company, an integrated electric
utility company, engages in the generation, wholesale purchase, transmission,
distribution, and retail sale of electricity in the state of Oregon. It
operates six thermal plants, three wind farms, and seven hydroelectric
facilities. The company was founded in 1889 and is headquartered in Portland,
Oregon.
On October 21, POR announced a quarterly dividend of $0.4525 per share.
This is a 0.6%
increase from the prior dividend of $0.45.
Payable January 17 for
shareholders of record December 27 ex-div December 23.
NextEra Energy Partners, LP (NEP)
NextEra Energy Partners, LP acquires, owns, and manages
contracted clean energy projects in the United States. It owns a portfolio of
contracted renewable generation assets consisting of wind and solar projects,
as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP
was incorporated in 2014 and is headquartered in Juno Beach, Florida.
On October 24, NEP announced a quarterly dividend of $0.7875 per share.
This is a 3.3%
increase from the prior dividend of $0.7625.
Payable November 14
for shareholders of record November 4 ex-div November 3.
Hess Midstream LP (HESM)
Hess Midstream LP owns, develops, operates, and acquires
midstream assets. The company operates through three segments: Gathering;
Processing and Storage; and Terminaling and Export. Hess Midstream LP was
founded in 2014 and is based in Houston, Texas.
On October 24, HESM announced a quarterly dividend of $0.5627 per share.
This is a 1.2%
increase from the prior dividend of $0.5559.
Payable November 14
for shareholders of record November 3 ex-div November 2.
NexPoint Residential Trust, Inc. (NXRT)
NexPoint Residential Trust is a publicly traded REIT, with
its shares listed on the New York Stock Exchange under the symbol
"NXRT," primarily focused on acquiring, owning and operating
well-located middle-income multifamily properties with "value-add"
potential in large cities and suburban submarkets of large cities, primarily in
the Southeastern and Southwestern United States.
On October 25, NXRT announced a quarterly dividend of $0.42 per share.
This is a 10.5%
increase from the prior dividend of $0.38.
Payable December 30
for shareholders of record December 15 ex-div December 14.
American Electric Power Company, Inc. (AEP)
American Electric Power Company, Inc., an electric public
utility holding company, engages in the generation, transmission, and
distribution of electricity for sale to retail and wholesale customers in the
United States. It operates through Vertically Integrated Utilities,
Transmission and Distribution Utilities, AEP Transmission Holdco, and
Generation & Marketing segments. American Electric Power Company, Inc. was
incorporated in 1906 and is headquartered in Columbus, Ohio.
On October 25, AEP announced a quarterly dividend of $0.83 per share.
This is a 6.4%
increase from the prior dividend of $0.78.
Payable December 9 for
shareholders of record November 10 ex-div November 9.
Visa Inc. (V)
Visa Inc. operates as a payments technology company
worldwide. The company facilitates digital payments among consumers, merchants,
financial institutions, businesses, strategic partners, and government
entities. It operates VisaNet, a transaction processing network that enables
authorization, clearing, and settlement of payment transactions. Visa Inc. was
founded in 1958 and is headquartered in San Francisco, California.
On October 25, V announced a quarterly dividend of $0.45 per share.
This is a 20% increase
from the prior dividend of $0.375.
Payable December 1 for
shareholders of record November 11 ex-div November 10.
First Interstate BancSystem, Inc. (FIBK)
First Interstate BancSystem, Inc. operates as the bank
holding company for First Interstate Bank that provides range of banking
products and services in the United States. It offers various traditional
depository products, including checking, savings, and time deposits; and
repurchase agreements primarily for commercial and municipal depositors. The
company was incorporated in 1971 and is headquartered in Billings, Montana.
On October 25, FIBK announced a quarterly dividend of $0.47 per share.
This is a 14.6%
increase from the prior dividend of $0.41.
Payable November 18 for
shareholders of record November 8 ex-div November 7.
Black Hills Corporation (BKH)
Black Hills Corporation, through its subsidiaries, operates
as an electric and natural gas utility company in the United States. It
operates in two segments, Electric Utilities and Gas Utilities. The company was
incorporated in 1941 and is headquartered in Rapid City, South Dakota.
On October 25, BKH announced a quarterly dividend of $0.625 per share.
This is a 5.0%
increase from the prior dividend of $0.595.
Payable November 1 for
shareholders of record November 17 ex-div November 16.
Getty Realty Corp. (GTY)
Getty Realty Corp. is the leading publicly traded real
estate investment trust in the United States specializing in the ownership,
leasing and financing of convenience store and gasoline station properties. As
of September 30, 2020, the Company owned 896 properties and leased 58
properties from third-party landlords in 35 states across the United States and
Washington, D.C.
On October 25, GTY announced a quarterly dividend of $0.43 per share.
This is a 4.9%
increase from the prior dividend of $0.41.
Payable January 5 for
shareholders of record December 22 ex-div December 21.
UMB Financial Corporation (UMBF)
UMB Financial Corporation operates as the bank holding
company for the UMB Bank that provides various banking and other financial
services. The company was founded in 1913 and is headquartered in Kansas City,
Missouri.
On October 25, UMBF announced a quarterly dividend of $0.38 per share.
This is a 2.7%
increase from the prior dividend of $0.37.
Payable January 3 for
shareholders of record December 12 ex-div December 9.
Associated Banc-Corp (ASB)
Associated Banc-Corp, a bank holding company, provides
various banking and nonbanking products to individuals and businesses in
Wisconsin, Illinois, and Minnesota. The company operates through three
segments: Corporate and Commercial Specialty; Community, Consumer, and
Business; and Risk Management and Shared Services. Associated Banc-Corp was
founded in 1861 and is headquartered in Green Bay, Wisconsin.
On October 25, ASB announced a quarterly dividend of $0.21 per share.
This is a 5.0%
increase from the prior dividend of $0.20.
Payable December 15 for
shareholders of record December 1 ex-div November 30.
Amphenol Corporation (APH)
Amphenol Corporation, together with its subsidiaries,
primarily designs, manufactures, and markets electrical, electronic, and fiber
optic connectors in the United States, China, and internationally. It operates
through three segments: Harsh Environment Solutions, Communications Solutions,
and Interconnect and Sensor Systems. Amphenol Corporation was founded in 1932
and is headquartered in Wallingford, Connecticut.
On October 26, APH announced a quarterly dividend of $0.21 per share.
This is a 5.0%
increase from the prior dividend of $0.20.
Payable January 11 for
shareholders of record December 20 ex-div December 19.
Brookline Bancorp, Inc. (BRKL)
Brookline Bancorp, Inc. operates as a bank holding company
for the Brookline Bank that provide commercial, business, and retail banking
services to corporate, municipal, and retail customers in the United States.
Its deposit products include demand checking, NOW, money market, and savings
accounts. Brookline Bancorp, Inc. was founded in 1871 and is headquartered in
Boston, Massachusetts.
On October 26, BRKL announced a quarterly dividend of $0.135 per share.
This is a 3.8%
increase from the prior dividend of $0.13.
Payable November 25
for shareholders of record November 11 ex-div November 9.
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