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, 12 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.
Mercantile Bank Corporation (MBWM)
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
On January 17, MBWM announced a quarterly dividend of $0.33
This is a 3.1% increase from the prior dividend of $0.32.
Payable March 15 for shareholders of record March 3 ex-div March 2.
Franco-Nevada Corporation (FNV)
Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. It operates in two segments, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids. The company was founded in 1983 and is headquartered in Toronto, Canada.
On January 17, FNV announced a quarterly dividend of $0.34
This is a 6.3% increase from the prior dividend of $0.32.
Payable March 30 for shareholders of record March 16 ex-div March 15.
Enterprise Bancorp, Inc. (EBTC)
Enterprise Bancorp, Inc. operates as the holding company of Enterprise Bank and Trust Company that provides commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit. The company was founded in 1989 and is headquartered in Lowell, Massachusetts.
On January 17, EBTC announced a quarterly dividend of $0.23
This is a 12.2% increase from the prior dividend of $0.205.
Payable March 1 for shareholders of record February 8 ex-div February 7.
Union Bankshares, Inc. (UNB)
Union Bankshares, Inc. operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit. Union Bankshares, Inc. was founded in 1891 and is headquartered in Morrisville, Vermont.
On January 18, UNB announced a quarterly dividend of $0.36
This is a 2.9% increase from the prior dividend of $0.35.
Payable February 2 for shareholders of record January 28 ex-div January 26.
Fastenal Company (FAST)
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.
On January 18, FAST announced a quarterly dividend of $0.35
This is a 12.9% increase from the prior dividend of $0.31.
Payable March 2 for shareholders of record February 2 ex-div February 1.
Fidelity D & D Bancorp, Inc. (FDBC)
Fidelity D & D Bancorp, Inc. operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers. Fidelity D & D Bancorp, Inc. was founded in 1902 and is headquartered in Dunmore, Pennsylvania.
On January 18, FDBC announced a quarterly dividend of $0.36
This is a 9.1% increase from the prior dividend of $0.33.
Payable March 10 for shareholders of record February 17ex-div February 16.
Graham Holdings Company (GHC)
Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials; data science and training services; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global. The company was formerly known as The Washington Post Company and changed its name to Graham Holdings Company in November 2013. Graham Holdings Company was founded in 1877 and is based in Arlington, Virginia.
On January 19, GHC announced a quarterly dividend of $1.65
This is a 4.4% increase from the prior dividend of $1.58.
Payable February 16 for shareholders of record February 2 ex-div February 1.
J.B. Hunt Transport Services, Inc. (JBHT)
J.B. Hunt Transport Services, Inc. provides surface transportation, delivery, and logistic services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions. It operates 104,973 pieces of company-owned trailing equipment; owns and maintains its chassis fleet of 85,649 units; and manages a fleet of 5,612 company-owned tractors, 582 independent contractor trucks, and 6,943 company drivers. The company was incorporated in 1961 and is headquartered in Lowell, Arkansas.
On January 19, JBHT announced a quarterly dividend of $0.42
This is a 5.0% increase from the prior dividend of $0.40.
Payable February 24 for shareholders of record February 10 ex-div February 9.
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 January 19, WEC announced a quarterly dividend of $0.78
This is a 7.2% increase from the prior dividend of $0.7275.
Payable March 1 for shareholders of record February 14 ex-div February 13.
Consolidated Edison, Inc. (ED)
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan. The company was founded in 1823 and is based in New York, New York.
On January 19, ED announced a quarterly dividend of $0.81
This is a 2.5% increase from the prior dividend of $0.79.
Payable March 15 for shareholders of record February 15 ex-div February 14.
Heartland Financial USA, Inc. (HTLF)
Heartland Financial USA, Inc., a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, individual retirement, and health savings accounts; certificates of deposit; and other time deposits. Heartland Financial USA, Inc. was founded in 1981 and is headquartered in Dubuque, Iowa.
On January 20, HTLF announced a quarterly dividend of $0.30
This is a 7.1% increase from the prior dividend of $0.28.
Payable February 28 for shareholders of record February 10 ex-div February 9.
Oak Valley Bancorp (OVLY)
Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides a range of commercial banking services to individuals and small to medium-sized businesses in the Central Valley and the Eastern Sierras. The company’s deposits products include checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit. The company was incorporated in 1990 and is headquartered in Oakdale, California.
On January 20, OVLY announced a quarterly dividend of $0.16
This is a 6.7% increase from the prior dividend of $0.15.
Payable February 10 for shareholders of record January 30 ex-div January 27.
Archive of Dividend Increases
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