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, 41 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period. This is the first part of the week’s notifications.
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.
Franklin Electric Co., Inc. (FELE)
Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates through three segments: Water Systems, Fueling Systems, and Distribution. Franklin Electric Co., Inc. was founded in 1944 and is headquartered in Fort Wayne, Indiana.
On January 23, FELE announced a quarterly dividend of $0.225.
This is a 15.4% increase from the prior dividend of $0.195.
Payable February 16 for shareholders of record February 2 ex-div February 1.
Simmons First National Corporation (SFNC)
Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. It offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; insurance products; and securities and investment services. Simmons First National Corporation was founded in 1903 and is headquartered in Pine Bluff, Arkansas.
On January 23, SFNC announced a quarterly dividend of $0.20.
This is a 5.3% increase from the prior dividend of $0.19.
Payable April 3 for shareholders of record March 15 ex-div March 14.
Delek Logistics Partners, LP (DKL)
Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates through three segments: Pipelines and Transportation, Wholesale Marketing and Terminalling, and Investment in Pipeline Joint Ventures. Delek Logistics Partners, LP was incorporated in 2012 and is headquartered in Brentwood, Tennessee. Delek Logistics Partners, LP operates as a subsidiary of Delek US Holdings, Inc.
On January 23, DKL announced a quarterly dividend of $1.02.
This is a 3.0% increase from the prior dividend of $0.99.
Payable February 9 for shareholders of record February 2 ex-div February 1.
Hess Midstream LP (HESM)
Hess Midstream LP owns, develops, operates, and acquires midstream assets. The company operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.
On January 23, HESM announced a quarterly dividend of $0.5695.
This is a 1.2% increase from the prior dividend of $0.5627.
Payable February 13 for shareholders of record February 2 ex-div February 1.
Timberland Bancorp, Inc. (TSBK)
Timberland Bancorp, Inc. operates as the bank holding company for Timberland Bank that provides various community banking products and services in the United States. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. Timberland Bancorp, Inc. was founded in 1915 and is based in Hoquiam, Washington.
On January 23, TSBK announced a quarterly dividend of $0.23.
This is a 4.5% increase from the prior dividend of $0.22.
Payable February 24 for shareholders of record February 10 ex-div February 9.
Cambridge Bancorp (CATC)
Cambridge Bancorp operates as the bank holding company for Cambridge Trust Company that provides commercial and consumer banking, and investment management and trust services. The company accepts various deposits, such as checking, savings, money market, trust, and individual retirement accounts; and time and demand deposits, and certificates of deposit. Cambridge Bancorp was founded in 1890 and is headquartered in Cambridge, Massachusetts.
On January 24, CATC announced a quarterly dividend of $0.67.
This is a 4.7% increase from the prior dividend of $0.64.
Payable February 23 for shareholders of record February 9 ex-div February 8.
Home Bancorp, Inc. (HBCP)
Home Bancorp, Inc. operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana and Mississippi. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts. Home Bancorp, Inc. was founded in 1908 and is headquartered in Lafayette, Louisiana.
On January 24, HBCP announced a quarterly dividend of $0.25.
This is a 4.2% increase from the prior dividend of $0.24.
Payable February 17 for shareholders of record February 6 ex-div February 3.
Metro Inc. (TSE:MRU)
Metro Inc. operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates supermarkets and discount stores that provide fresh and grocery products, baked goods, prepared foods, meats, dairy products, fruits and vegetables, frozen foods, bakery products, and pastries. The company was founded in 1947 and is headquartered in Montréal, Canada.
On January 24, MRU announced a quarterly dividend of C$0.3025.
This is a 10.0% increase from the prior dividend of C$0.275.
Payable March 2023
Premier Financial Corp. (PFC)
Premier Financial Corp., through its subsidiaries, provides various banking services. It offers various demand, checking, money market, and savings accounts, as well as certificates of deposits and certificates of deposit account registry service; and investment products. The company also provides residential and commercial real estate, commercial, construction, home improvement and home equity, and consumer loans. Premier Financial Corp. was founded in 1920 and is headquartered in Defiance, Ohio.
On January 24, PFC announced a quarterly dividend of $0.31.
This is a 3.3% increase from the prior dividend of $0.30.
Payable February 17 for shareholders of record February 10 ex-div February 9.
Canadian National Railway Company (TSE:CNR)
Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company’s portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of 19,500 route miles of track spanning Canada and the United States. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.
On January 24, CNR announced a quarterly dividend of C$0.79.
This is a 7.8% increase from the prior dividend of $0.7325.
Payable March 31 for shareholders of record March 10 ex-div March 9.
Norfolk Southern Corporation (NSC)
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. Norfolk Southern Corporation was incorporated in 1980 and is based in Atlanta, Georgia.
On January 24, NSC announced a quarterly dividend of $1.35.
This is an 8.9% increase from the prior dividend of $1.24.
Payable February 21 for shareholders of record February 3 ex-div February 2.
ONE Gas, Inc. (OGS)
ONE Gas, Inc., together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. ONE Gas, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.
On January 24, OGS announced a quarterly dividend of $0.65.
This is a 4.8% increase from the prior dividend of $0.62.
Payable March 10 for shareholders of record February 24 ex-div February 23.
Stifel Financial Corp. (SF)
Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, the rest of Europe, and Canada. It operates in three segments: Global Wealth Management, Institutional Group, and Other. The company was founded in 1890 and is headquartered in St. Louis, Missouri.
On January 24, SF announced a quarterly dividend of $0.36.
This is a 20% increase from the prior dividend of $0.30.
Payable March 15 for shareholders of record March 1 ex-div February 28.
Elevance Health Inc. (ELV)
Elevance Health Inc. operates as a health benefits company. It supports consumers, families, and communities across the entire care journey connecting to the care, support, and resources to lead healthier lives. It serves approximately 118 million people through a portfolio of medical, digital, pharmacy, behavioral, clinical, and care solutions. The company was formerly known as Anthem, Inc. and changed its name to Elevance Health Inc. in June 2022. Elevance Health Inc. was founded in 1944 and is headquartered in Indianapolis, Indiana.
On January 25, ELV announced a quarterly dividend of $1.48.
This is a 15.6% increase from the prior dividend of $1.28.
Payable March 24 for shareholders of record March 10 ex-div March 9.
S&P Global Inc. (SPGI)
S&P Global Inc., together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.
On January 25, SPG announced a quarterly dividend of $0.90.
This is a 5.9% increase from the prior dividend of $0.85.
Payable March 10 for shareholders of record February 24 ex-div February 23.
Kimberly-Clark Corporation (KMB)
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. Kimberly-Clark Corporation was founded in 1872 and is headquartered in Dallas, Texas.
On January 25, KMB announced a quarterly dividend of $1.18.
This is a 1.7% increase from the prior dividend of $1.16.
Payable April 4 for shareholders of record March 10 ex-div March 9.
Chevron Corporation (CVX)
Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron Corporation was founded in 1879 and is based in San Ramon, California.
On January 25, CVX announced a quarterly dividend of $1.51.
This is a 6.3% increase from the prior dividend of $1.42.
Payable March 10 for shareholders of record February 16 ex-div February 15.
BlackRock, Inc. (BLK)
BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. It also provides global risk management and advisory services.
On January 25, BLK announced a quarterly dividend of $5.00.
This is a 2.5% increase from the prior dividend of $4.88.
Payable March 23 for shareholders of record March 7 ex-div March 6.
Arthur J. Gallagher & Co. (AJG)
Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments. The company was incorporated in 1927 and is headquartered in Rolling Meadows, Illinois.
On January 25, AJG announced a quarterly dividend of $0.55.
This is a 7.8% increase from the prior dividend of $0.51.
Payable March 17 for shareholders of record March 3 ex-div March 2.
Unitil Corporation (UTL)
Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Non-Regulated. Unitil Corporation was incorporated in 1984 and is headquartered in Hampton, New Hampshire.
On January 25, UTL announced a quarterly dividend of $0.405.
This is a 3.8% increase from the prior dividend of $0.39.
Payable February 28 for shareholders of record February 14 ex-div February 13.
Archive of Dividend Increases
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