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, 7 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.
Bank OZK (OZK)
Bank OZK provides various retail and commercial banking
services. It accepts various deposit products, including non-interest-bearing
checking, interest bearing transaction, business sweep, savings, money market,
individual retirement, and other accounts, as well as time deposits. Bank OZK
was founded in 1903 and is headquartered in Little Rock, Arkansas.
On October 3, OZK announced a quarterly dividend of $0.33 per share.
This is a 3.1%
increase from the prior dividend of $0.32.
Payable October 21 for
shareholders of record October 14 ex-div October 13.
RPM International Inc. (RPM)
RPM International Inc. manufactures, markets, and sells
specialty chemicals for the industrial, specialty, and consumer markets
worldwide. It offers waterproofing, coating, and institutional roofing systems.
The company was incorporated in 1947 and is headquartered in Medina, Ohio.
On October 6, RPM announced a quarterly dividend of $0.42 per share.
This is a 5.0%
increase from the prior dividend of $0.40.
Payable October 31 for
shareholders of record October 17 ex-div October 14.
THOR Industries, Inc. (THO)
THOR Industries, Inc. designs, manufactures, and sells
recreational vehicles (RVs), and related parts and accessories in the United
States, Canada, and Europe. THOR Industries, Inc. was incorporated in 1980 and
is based in Elkhart, Indiana.
On October 12, THO announced a quarterly dividend of $0.45 per share.
This is a 4.7%
increase from the prior dividend of $0.43.
Payable November 9 for
shareholders of record October 26 ex-div October 25.
A. O. Smith Corporation (AOS)
A. O. Smith Corporation manufactures and markets residential
and commercial gas, heat pump and electric water heaters, boilers, tanks, and
water treatment products in North America, China, Europe, and India. It
operates through two segments, North America and Rest of World. A. O. Smith
Corporation was founded in 1874 and is headquartered in Milwaukee, Wisconsin.
On October 13, AOS announced a quarterly dividend of $0.30 per share.
This is a 7.1%
increase from the prior dividend of $0.28.
Payable November 15
for shareholders of record October 31 ex-div October 28.
Agree Realty Corporation (ADC)
Agree Realty Corporation is a publicly traded real estate
investment trust primarily engaged in the acquisition and development of
properties net leased to industry-leading retail tenants. As of September 30,
2020, the Company owned and operated a portfolio of 1,027 properties, located
in 45 states and containing approximately 21.0 million square feet of gross
leasable area. The Company's common stock is listed on the New York Stock
Exchange under the symbol "ADC".
On October 13, ADC announced a monthly dividend of $0.24 per share.
This is a 2.6%
increase from the prior dividend of $0.234.
Payable November 14
for shareholders of record October 31 ex-div October 28.
Avient Corporation (AVNT)
Avient Corporation provides specialized formulator,
services, and sustainable material solutions in the United States, Canada,
Mexico, Europe, South America, and Asia. It operates through three segments:
Color, Additives and Inks; Specialty Engineered Materials; and Distribution. Avient
Corporation was founded in 1885 and is headquartered in Avon Lake, Ohio.
On October 13, AVNT announced a quarterly dividend of $0.2475 per share.
This is a 4.2%
increase from the prior dividend of $0.2375.
Payable January 6 for
shareholders of record December 16 ex-div December 15.
McDonald's Corporation (MCD)
McDonald's Corporation operates and franchises McDonald's restaurants
in the United States and internationally. As of December 31, 2021, the company
operated 40,031 restaurants. McDonald's Corporation was founded in 1940 and is
headquartered in Chicago, Illinois.
On October 13, MCD announced a quarterly dividend of $1.52 per share.
This is a 10.1%
increase from the prior dividend of $1.38.
Payable December 15
for shareholders of record December 1 ex-div November 30.
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