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, 13 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.
Aflac Incorporated (AFL)
Aflac Incorporated, through its subsidiaries, provides
supplemental health and life insurance products. It operates through two
segments, Aflac Japan and Aflac U.S. The company was founded in 1955 and is
based in Columbus, Georgia.
On November 8, AFL announced a quarterly dividend of $0.42 per share.
This is a 5.0%
increase from the prior dividend of $0.40.
Payable March 1 for
shareholders of record February 15 ex-div February 14.
Innospec Inc. (IOSP)
Innospec Inc. develops, manufactures, blends, markets, and
supplies specialty chemicals in the United States, rest of North America, the
United Kingdom, rest of Europe, and internationally. The company’s Fuel
Specialties segment offers a range of specialty chemical products that are used
as additives in various fuels. Innospec Inc. was founded in 1938 and is headquartered
in Englewood, Colorado.
On November 8, IOSP announced a semi-annual dividend of $0.65 per share.
This is a 3.2%
increase from the prior dividend of $0.63.
Payable November 28
for shareholders of record November 21 ex-div November 18.
Hardwoods Distribution Inc. (TSE:HDI)
Hardwoods Distribution Inc. engages in the wholesale
distribution of architectural building products to the residential, repair and
remodel, and commercial construction markets. Hardwoods Distribution Inc. was
incorporated in 2012 and is headquartered in Langley, Canada.
On November 8, HDI announced a semi-annual dividend of C$0.13 per share.
This is an 8.3%
increase from the prior dividend of C$0.12.
Payable January 27 for
shareholders of record January 16 ex-div January 12.
D.R. Horton, Inc. (DHI)
D.R. Horton, Inc. operates as a homebuilding company in
East, North, Southeast, South Central, Southwest, and Northwest regions in the
United States. It engages in the acquisition and development of land; and
construction and sale of residential homes in 31 states and 98 markets under
the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, and
Freedom Homes. D.R. Horton, Inc. was founded in 1978 and is headquartered in
Arlington, Texas.
On November 9, DHI announced a quarterly dividend of $0.25 per share.
This is an 11.1%
increase from the prior dividend of $0.225.
Payable December 12
for shareholders of record December 2 ex-div December 1.
Automatic Data Processing, Inc. (ADP)
Automatic Data Processing, Inc. provides cloud-based human
capital management solutions worldwide. It operates in two segments, Employer
Services and Professional Employer Organization (PEO). The company was founded
in 1949 and is headquartered in Roseland, New Jersey.
On November 9, ADP announced a quarterly dividend of $1.25 per share.
This is a 20.2%
increase from the prior dividend of $1.04.
Payable January 1 for
shareholders of record December 9 ex-div December 8.
Lancaster Colony Corporation (LANC)
Lancaster Colony Corporation engages in the manufacturing
and marketing of food products for the retail and foodservice markets in the
United States. It operates in two segments, Retail and Foodservice. Lancaster
Colony Corporation was incorporated in 1961 and is based in Westerville, Ohio.
On November 9, LANC announced a quarterly dividend of $0.85 per share.
This is a 6.2%
increase from the prior dividend of $0.80.
Payable December 30
for shareholders of record December 5 ex-div December 2.
Atmos Energy Corporation (ATO)
Atmos Energy Corporation, together with its subsidiaries,
engages in the regulated natural gas distribution, and pipeline and storage businesses
in the United States. It operates through two segments, Distribution, and
Pipeline and Storage. Atmos Energy Corporation was founded in 1906 and is
headquartered in Dallas, Texas.
On November 9, ATO announced a quarterly dividend of $0.74 per share.
This is an 8.8%
increase from the prior dividend of $0.68.
Payable December 12
for shareholders of record November 28 ex-div November 25.
Becton, Dickinson and Company (BDX)
Becton, Dickinson and Company develops, manufactures, and
sells medical supplies, devices, laboratory equipment, and diagnostic products
for healthcare institutions, physicians, life science researchers, clinical
laboratories, pharmaceutical industry, and the general public worldwide. The
company was founded in 1897 and is based in Franklin Lakes, New Jersey.
On November 10, BDX announced a quarterly dividend of $0.91 per share.
This is a 4.6%
increase from the prior dividend of $0.87.
Payable December 30
for shareholders of record December 9 ex-div December 8.
Canadian Tire Corporation, Limited (TSE:CTC)
Canadian Tire Corporation, Limited provides a range of
retail goods and services in Canada. It operates in three segments: Retail, CT
REIT, and Financial Services. Canadian Tire Corporation, Limited was founded in
1922 and is headquartered in Toronto, Canada.
On November 10, CTC announced a quarterly dividend of C$1.725 per share.
This is a 6.2%
increase from the prior dividend of C$1.625.
Payable March 1 for
shareholders of record January 31 ex-div January 30.
Granite Real Estate Investment Trust (TSE:GRT.UN)
Granite is a Canadian-based REIT engaged in the acquisition,
development, ownership and management of logistics, warehouse and industrial
properties in North America and Europe. Granite owns 108 investment properties
representing approximately 45.3 million square feet of leasable area.
On November 9, GRT announced a monthly dividend of C$0.2667 per share.
This is a 3.3%
increase from the prior dividend of C$0.2583.
The dividend will be
payable in mid-January 2023
Roper Technologies, Inc. (ROP)
Roper Technologies, Inc. designs and develops software, and
engineered products and solutions. The company offers management, campus
solutions, diagnostic and laboratory information management, enterprise
management, information solutions, transportation management, financial and
compliance management, and cloud-based financial analytics and performance
management software; cloud-based software to the property and casualty
insurance industry; and software, services, and technologies for foodservice
operations. The company was incorporated in 1981 and is based in Sarasota,
Florida.
On November 10, ROP announced a quarterly dividend of $0.6825 per share.
This is a 10.1%
increase from the prior dividend of $0.62.
Payable January 23 for
shareholders of record January 9 ex-div January 6.
Farmers & Merchants Bancorp (FMCB)
Farmers & Merchants Bancorp operates as the bank holding
company for Farmers & Merchants Bank of Central California that provides
various banking services to businesses and individuals. The company accepts
various deposit instruments, including checking, savings, money market, time
certificates of deposit, and individual retirement accounts. Farmers &
Merchants Bancorp was founded in 1916 and is headquartered in Lodi, California.
On November 10, FMCB announced a semi-annual dividend of $8.30 per share.
This is a 6.4%
increase from the prior dividend of $7.80.
Payable January 3 for
shareholders of record December 7 ex-div December 6.
Assurant, Inc. (AIZ)
Assurant, Inc., together with its subsidiaries, provides
lifestyle and housing solutions that support, protect, and connect consumer
purchases in North America, Latin America, Europe, and the Asia Pacific. The
company operates through two segments: Global Lifestyle and Global Housing.
Assurant, Inc. was founded in 1892 and is headquartered in New York, New York.
On November 10, AIZ announced a quarterly dividend of $0.70 per share.
This is a 2.9%
increase from the prior dividend of $0.68.
Payable December 19
for shareholders of record November 28 ex-div November 25.
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