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, 4 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.
Watsco, Inc. (WSO)
Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment comprising residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.
On January 3, WSO announced a quarterly dividend of $2.45 per share.
This is a 11.4% increase from the prior dividend of $2.20.
Payable January 31 for shareholders of record January 17 ex-div January 13.
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. The company also offers real estate, consumer and business purpose, indirect recreational vehicle and marine, commercial and industrial, government guaranteed, agricultural, small business, homebuilder, and affordable housing loans; business aviation and subscription financing services; and mortgage and other lending products. Bank OZK was founded in 1903 and is headquartered in Little Rock, Arkansas.
On January 3, OZK announced a quarterly dividend of $0.34 per share.
This is a 3.0% increase from the prior dividend of $0.33.
Payable January 24 for shareholders of record January 17 ex-div January 13.
Alamo Group Inc. (ALG)
Alamo Group Inc. designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. The company was founded in 1955 and is headquartered in Seguin, Texas.
On January 3, ALG announced a quarterly dividend of $0.22 per share.
This is a 22.2% increase from the prior dividend of $0.18.
Payable February 1 for shareholders of record January 18 ex-div January 17.
Enterprise Products Partners L.P. (EPD)
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The company was founded in 1968 and is headquartered in Houston, Texas.
On January 5, EPD announced a quarterly dividend of $0.49 per share.
This is a 3.2% increase from the prior dividend of $0.475.
Payable February 14 for shareholders of record January 31 ex-div January 30.
Archive of Dividend Increases
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