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, 14 companies announced dividend increases and one
announced a dividend cut.
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.
DTE Energy Company (DTE)
DTE Energy Company engages in the utility operations. The
company’s Electric segment generates, purchases, distributes, and sells
electricity to approximately 2.3 million residential, commercial, and
industrial customers in southeastern Michigan. It generates electricity through
fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind
and other renewable assets. The company was founded in 1903 and is
headquartered in Detroit, Michigan.
On November 10, DTE announced a quarterly dividend of $0.9525 per share.
This is a 7.6%
increase from the prior dividend of $0.885.
Payable January 15 for
shareholders of record December 19 ex-div December 16.
Four Corners Property Trust, Inc. (FCPT)
FCPT, headquartered in Mill Valley, CA, is a real estate
investment trust primarily engaged in the acquisition and leasing of restaurant
properties. The Company seeks to grow its portfolio by acquiring additional
real estate to lease, on a net basis, for use in the restaurant and retail
industries.
On November 14, FCPT announced a quarterly dividend of $0.34 per share.
This is a 2.3%
increase from the prior dividend of $0.3325.
Payable January 13 for
shareholders of record December 30 ex-div December 29.
Sylogist Ltd. (TSE:SYZ)
Sylogist Ltd., a software company, provides enterprise
resource planning (ERP) solutions in Canada, the United States, the United
Kingdom, and internationally. It offers Serenic Navigator solutions, including
accounting and financial management, award and budget management, payroll and
human resources, analytics and decision support, reporting, deposits and loans,
and field connect products. Sylogist Ltd. was incorporated in 1993 and is
headquartered in Calgary, Canada.
On November 14, SYZ announced a quarterly dividend of C$0.01 per share.
This is a 92% decrease from the prior dividend of C$0.125.
Payable December 14
for shareholders of record November 30 ex-div November 29.
NIKE, Inc. (NKE)
NIKE, Inc., together with its subsidiaries, designs,
develops, markets, and sells men's, women's, and kids athletic footwear,
apparel, equipment, and accessories worldwide. The company provides athletic
and casual footwear, apparel, and accessories under the Jumpman trademark; and
casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All
Star, One Star, Star Chevron, and Jack Purcell trademarks. NIKE, Inc. was
founded in 1964 and is headquartered in Beaverton, Oregon.
On November 15, NKE announced a quarterly dividend of $0.34 per share.
This is an 11.5%
increase from the prior dividend of $0.305.
Payable December 28
for shareholders of record December 5 ex-div December 2.
Royal Gold, Inc. (RGLD)
Royal Gold, Inc., together with its subsidiaries, acquires
and manages precious metal streams, royalties, and related interests. It
focuses on acquiring stream and royalty interests or to finance projects that
are in production or in development stage in exchange for stream or royalty
interests, which primarily consists of gold, silver, copper, nickel, zinc,
lead, and cobalt. Royal Gold, Inc. was incorporated in 1981 and is
headquartered in Denver, Colorado.
On November 15, RGLD announced a quarterly dividend of $0.375 per share.
This is a 7.1%
increase from the prior dividend of $0.35.
Payable January 20 for
shareholders of record January 6 ex-div January 5.
American National Bankshares Inc. (AMNB)
American National Bankshares Inc. operates as the bank
holding company for American National Bank and Trust Company that provides
financial products and services. The company operates in two segments,
Community Banking and Wealth Management. American National Bankshares Inc. was
founded in 1909 and is based in Danville, Virginia.
On November 16, AMNB announced a quarterly dividend of $0.30 per share.
This is a 7.1%
increase from the prior dividend of $0.28.
Payable December 16
for shareholders of record December 2 ex-div December 2.
Agilent Technologies, Inc. (A)
Agilent Technologies, Inc. provides application focused
solutions to the life sciences, diagnostics, and applied chemical markets
worldwide. The Life Sciences and Applied Markets segment offers liquid
chromatography systems and components. Agilent Technologies, Inc. was
incorporated in 1999 and is headquartered in Santa Clara, California.
On November 16, A announced a quarterly dividend of $0.225 per share.
This is a 7.1%
increase from the prior dividend of $0.21.
Payable January 25 for
shareholders of record January 3 ex-div December 30.
WesBanco, Inc. (WSBC)
WesBanco, Inc. operates as the bank holding company for
WesBanco Bank, Inc. that provides retail banking, corporate banking, personal
and corporate trust, brokerage, and mortgage banking and insurance services. It
operates in two segments, Community Banking, and Trust and Investment Services.
WesBanco, Inc. was founded in 1870 and is headquartered in Wheeling, West
Virginia.
On November 16, WSBC announced a quarterly dividend of $0.35 per share.
This is a 2.9%
increase from the prior dividend of $0.34.
Payable January 3 for
shareholders of record December 9 ex-div December 8.
Matthews International Corporation (MATW)
Matthews International Corporation provides brand solutions,
memorialization products, and industrial technologies worldwide. It operates
through three segments: SGK Brand Solutions, Memorialization, and Industrial
Technologies. Matthews International Corporation was founded in 1850 and is
based in Pittsburgh, Pennsylvania.
On November 16, MATW announced a quarterly dividend of $0.23 per share.
This is a 4.5%
increase from the prior dividend of $0.22.
Payable December 12
for shareholders of record November 28 ex-div November 25.
Griffon Corporation (GFF)
Griffon Corporation, through its subsidiaries, provides
consumer and professional, and home and building products in the United States,
Europe, Canada, Australia, and internationally. Griffon Corporation was founded
in 1959 and is headquartered in New York, New York.
On November 17, GFF announced a quarterly dividend of $0.10 per share.
This is an 11.1%
increase from the prior dividend of $0.09.
Payable December 16
for shareholders of record November 29 ex-div November 28.
Motorola Solutions, Inc. (MSI)
Motorola Solutions, Inc. provides mission critical
communications and analytics in the United States, the United Kingdom, Canada,
and internationally. The company operates in two segments, Products and Systems
Integration, and Software and Services. Motorola Solutions, Inc. was founded in
1928 and is headquartered in Chicago, Illinois.
On November 17, MSI announced a quarterly dividend of $0.88 per share.
This is an 11.4%
increase from the prior dividend of $0.79.
Payable January 13 for
shareholders of record December 15 ex-div December 14.
KeyCorp (KEY)
KeyCorp operates as the holding company for KeyBank National
Association that provides various retail and commercial banking products and
services in the United States. It operates in two segments, Consumer Bank and
Commercial Bank. KeyCorp was founded in 1849 and is headquartered in Cleveland,
Ohio.
On November 17, KEY announced a quarterly dividend of $0.205 per share.
This is a 5.1%
increase from the prior dividend of $0.195.
Payable December 15
for shareholders of record November 29 ex-div November 28.
Brown-Forman Corporation (BF.B)
Brown-Forman Corporation, together with its subsidiaries,
manufactures, distills, bottles, imports, exports, markets, and sells various
alcoholic beverages. It provides spirits, wines, whiskey spirits, whiskey-based
flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink
cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs. The
company was founded in 1870 and is headquartered in Louisville, Kentucky.
On November 17, BF.B announced a quarterly dividend of $0.2055 per share.
This is a 9.0%
increase from the prior dividend of $0.1885.
Payable January 3 for
shareholders of record December 2 ex-div December 1.
C.H. Robinson Worldwide, Inc. (CHRW)
C.H. Robinson Worldwide, Inc., together with its
subsidiaries, provides freight transportation services and logistics solutions
to companies in various industries worldwide. The company operates in two
segments, North American Surface Transportation and Global Forwarding. C.H.
Robinson Worldwide, Inc. was founded in 1905 and is headquartered in Eden
Prairie, Minnesota.
On November 17, CHRW announced a quarterly dividend of $0.61 per share.
This is a 10.9%
increase from the prior dividend of $0.55.
Payable January 3 for
shareholders of record December 2 ex-div December 1.
MDU Resources Group, Inc. (MDU)
MDU Resources Group, Inc. engages in the regulated energy
delivery, and construction materials and services businesses in the United
States. The company’s Electric segment generates, transmits, and distributes
electricity for residential, commercial, industrial, and municipal customers in
Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500
miles of transmission lines and 4,800 miles of distribution lines. The company
was founded in 1924 and is headquartered in Bismarck, North Dakota.
On November 17, MDU announced a quarterly dividend of $0.2225 per share.
This is a 2.3%
increase from the prior dividend of $0.2175.
Payable January 1 for
shareholders of record December 8 ex-div December 7.
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