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.
Eli Lilly and Company (LLY)
Eli Lilly and Company discovers, develops, and markets human
pharmaceuticals worldwide. Eli Lilly and Company was founded in 1876 and is
headquartered in Indianapolis, Indiana.
On December 12, LLY announced a quarterly dividend of $1.13 per share.
This is a 15.3%
increase from the prior dividend of $0.98.
Payable March 10 for
shareholders of record February 15 ex-div February 14.
Pentair plc (PNR)
Pentair plc provides various water solutions worldwide. It
operates through Consumer Solutions; and Industrial & Flow Technologies
segments. Pentair plc was founded in 1966 and is headquartered in London, the
United Kingdom.
On December 12, PNR announced a quarterly dividend of $0.22 per share.
This is a 4.8%
increase from the prior dividend of $0.21.
Payable February 3 for
shareholders of record January 20 ex-div January 19.
Amgen Inc. (AMGN)
Amgen Inc. discovers, develops, manufactures, and delivers
human therapeutics worldwide. It focuses on inflammation, oncology/hematology,
bone health, cardiovascular disease, nephrology, and neuroscience areas. Amgen
Inc. was incorporated in 1980 and is headquartered in Thousand Oaks,
California.
On December 12, AMGN announced a quarterly dividend of $2.13 per share.
This is a 9.8%
increase from the prior dividend of $1.94.
Payable March 8 for
shareholders of record February 15 ex-div February 14.
WEC Energy Group, Inc. (WEC)
WEC Energy Group, Inc., through its subsidiaries, provides
regulated natural gas and electricity, and renewable and nonregulated renewable
energy services in the United States. The company operates through six
segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility
Energy Infrastructure, and Corporate and Other. WEC Energy Group, Inc. was
incorporated in 1981 and is headquartered in Milwaukee, Wisconsin.
On December 13, WEC announced a quarterly dividend of $0.78 per share.
This is a 6.8%
increase from the prior dividend of $0.73.
Payable March 1 for
shareholders of record February 14 ex-div February 13.
WD-40 Company (WDFC)
WD-40 Company develops and sells maintenance products, and
homecare and cleaning products in the Americas, Europe, the Middle East,
Africa, Australia, and the Asia Pacific. The company was founded in 1953 and is
headquartered in San Diego, California.
On December 13, WDFC announced a quarterly dividend of $0.83 per share.
This is a 6.4%
increase from the prior dividend of $0.78.
Payable January 31 for
shareholders of record January 13 ex-div January 12.
Realty Income Corporation (O)
Realty Income, The Monthly Dividend Company, is an S&P
500 company dedicated to providing stockholders with dependable monthly income.
The company is structured as a REIT, and its monthly dividends are supported by
the cash flow from over 6,500 real estate properties owned under long-term
lease agreements with our commercial clients. To date, the company has declared
608 consecutive common stock monthly dividends throughout its 52-year operating
history and increased the dividend 109 times since Realty Income's public
listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend
Aristocrats index. Additional information about the company can be obtained
from the corporate website at www.realtyincome.com.
On December 13, O announced a monthly dividend of $0.2485 per share.
This is a 0.2%
increase from the prior dividend of $0.248.
Payable January 13 for
shareholders of record January 3 ex-div December 30.
Franklin Resources, Inc. (BEN)
Franklin Resources, Inc. is a publicly owned asset
management holding company. Through its subsidiaries, the firm provides its
services to individuals, institutions, pension plans, trusts, and partnerships.
It launches equity, fixed income, balanced, and multi-asset mutual funds
through its subsidiaries. Franklin Resources, Inc. was founded in 1947 and is
based in San Mateo, California.
On December 13, BEN announced a quarterly dividend of $0.30 per share.
This is a 3.4%
increase from the prior dividend of $0.29.
Payable January 13 for
shareholders of record December 30 ex-div December 29.
The Toro Company (TTC)
The Toro Company engages in the designing, manufacturing,
marketing, and selling professional and residential equipment worldwide. The
Toro Company was founded in 1914 and is headquartered in Bloomington,
Minnesota.
On December 13, TTC announced a quarterly dividend of $0.34 per share.
This is a 13.3%
increase from the prior dividend of $0.30.
Payable January 11 for
shareholders of record December 28 ex-div December 27.
Mid-America Apartment Communities, Inc. (MAA)
MAA, an S&P 500 company, is a real estate investment
trust, or REIT, focused on delivering full-cycle and superior investment
performance for shareholders through the ownership, management, acquisition,
development and redevelopment of quality apartment communities in the
Southeast, Southwest, and Mid-Atlantic regions of the United States. As of
December 31, 2020, MAA had ownership interest in 102,772 apartment units,
including communities currently in development, across 16 states and the
District of Columbia.
On December 13, MAA announced a quarterly dividend of $1.40 per share.
This is a 12.0%
increase from the prior dividend of $1.25.
Payable January 31 for
shareholders of record January 13 ex-div January 12.
Nucor Corporation (NUE)
Nucor Corporation manufactures and sells steel and steel
products. The company’s Steel Mills segment produces hot-rolled, cold-rolled,
and galvanized sheet steel products; plate steel products; wide-flange beams,
beam blanks, and H-piling and sheet piling products; and bar steel products,
such as blooms, billets, concrete reinforcing and merchant bars, and special
bar quality products. Nucor Corporation was incorporated in 1958 and is based
in Charlotte, North Carolina.
On December 14, NUE announced a quarterly dividend of $0.51 per share.
This is a 2.0%
increase from the prior dividend of $0.50.
Payable February 10
for shareholders of record December 30 ex-div December 29.
Lamb Weston Holdings, Inc. (LW)
Lamb Weston Holdings, Inc. produces, distributes, and
markets value-added frozen potato products worldwide. It operates through four
segments: Global, Foodservice, Retail, and Other. The company offers frozen
potatoes, commercial ingredients, and appetizers under the Lamb Weston brand,
as well as under various customer labels. Lamb Weston Holdings, Inc. was
incorporated in 1950 and is headquartered in Eagle, Idaho.
On December 14, LW announced a quarterly dividend of $0.28 per share.
This is a 14.3%
increase from the prior dividend of $0.245.
Payable March 3 for shareholders
of record February 3 ex-div February 2.
Washington Trust Bancorp, Inc. (WASH)
Washington Trust Bancorp, Inc. operates as the bank holding
company for The Washington Trust Company, of Westerly that offers various
banking and financial services to individuals and businesses. The company
operates in two segments, Commercial Banking and Wealth Management Services. Washington
Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode
Island.
On December 15, WASH announced
a quarterly dividend of $0.56 per share.
This is a 3.7% increase
from the prior dividend of $0.54.
Payable January 6 for
shareholders of record January 3 ex-div December 30.
The Ensign Group, Inc. (ENSG)
The Ensign Group, Inc. provides health care services in the
post-acute care continuum and other ancillary businesses. The company operates
in two segments, Skilled Services and Real Estate. The company offers skilled
services, which include short and long-term nursing care services for patients
with chronic conditions, prolonged illness, and the elderly; and physical,
occupational, and speech therapies and other rehabilitative and healthcare
services. The company was incorporated in 1999 and is based in San Juan
Capistrano, California.
On December 16, ENSG announced
a quarterly dividend of $0.0575 per share.
This is a 4.5% increase
from the prior dividend of $0.055.
Payable January 31 for
shareholders of record December 31 ex-div December 29.
Boyd Group Services Inc. (TSE:BYD)
Boyd Group Services Inc., together with its subsidiaries,
operates non-franchised collision repair centers in North America. The company
operates its locations under the Boyd Autobody & Glass and Assured
Automotive names in Canada; and Gerber Collision & Glass name in the United
States. The company was founded in 1990 and is headquartered in Winnipeg,
Canada.
On December 16, BYD announced
a quarterly dividend of C$0.147 per share.
This is a 2.1% increase
from the prior dividend of C$0.144.
Payable January 27 for
shareholders of record December 31 ex-div December 29.
Norwood Financial Corp. (NWFL)
Norwood Financial Corp. operates as the bank holding company
for Wayne Bank that provides various banking products and services. The company
accepts a range of deposit products, including interest-bearing and
non-interest bearing transaction accounts, and statement savings and money
market accounts, as well as certificate of deposits. Norwood Financial Corp.
was founded in 1870 and is headquartered in Honesdale, Pennsylvania.
On December 16, NWFL announced
a quarterly dividend of $0.29 per share.
This is a 3.6% increase
from the prior dividend of $0.28.
Payable February 1 for
shareholders of record January 13 ex-div January 12.
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 December 16, GRT.UN
announced
a monthly dividend of C$0.2667 per share.
This is a 3.3% increase
from the prior dividend of C$0.2583.
Payable January 17 for
shareholders of record December 30 ex-div December 29.
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