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, 32
companies announced dividend increases and one announced a dividend
cut. 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.
AMERISAFE,
Inc. (AMSF)
AMERISAFE, Inc.,
an insurance holding company, underwrites workers’ compensation
insurance in the United States. The company’s workers’
compensation insurance policies provide benefits to injured employees
for temporary or permanent disability, death, and medical and
hospital expenses. The company was incorporated in 1985 and is based
in DeRidder, Louisiana.
On February
20, AMSF announced
a quarterly dividend of $0.34.
This is a 9.7%
increase from the prior dividend of $0.31.
Payable March
24 for shareholders of record March 10 ex-div March 9.
The
Home Depot, Inc. (HD)
The Home Depot,
Inc. operates as a home improvement retailer. It operates The Home
Depot stores that sell various building materials, home improvement
products, lawn and garden products, and décor products, as well as
facilities maintenance, repair, and operations products The company
also offers installation services for flooring, cabinets and cabinet
makeovers, countertops, furnaces and central air systems, and
windows. In addition, it provides tool and equipment rental services.
The Home Depot, Inc. was incorporated in 1978 and is based in
Atlanta, Georgia.
On February
21, HD announced
a quarterly dividend of $2.09.
This is a
10.0% increase from the prior dividend of $1.90.
Payable March
23 for shareholders of record March 9 ex-div March 8.
Walker
& Dunlop, Inc. (WD)
Walker &
Dunlop, Inc., through its subsidiaries, originates, sells, and
services a range of multifamily and other commercial real estate
financing products and services for owners and developers of real
estate in the United States. The company offers first mortgage,
second trust, supplemental, construction, mezzanine, preferred
equity, small-balance, and bridge/interim loans. Walker & Dunlop,
Inc. was founded in 1937 and is headquartered in Bethesda, Maryland.
On February
21, WD announced
a quarterly dividend of $0.63.
This is a 5.0%
increase from the prior dividend of $0.60.
Payable March
23 for shareholders of record March 8 ex-div March 7.
Walmart
Inc. (WMT)
Walmart Inc.
engages in the operation of retail, wholesale, and other units
worldwide. The company operates through three segments: Walmart U.S.,
Walmart International, and Sam's Club. It operates supercenters,
supermarkets, hypermarkets, warehouse clubs, cash and carry stores,
and discount stores; membership-only warehouse clubs; ecommerce
websites, such as walmart.com, walmart.com.mx, walmart.ca,
flipkart.com, and samsclub.com; and mobile commerce applications. The
company was founded in 1945 and is based in Bentonville, Arkansas.
On February
21, WMT announced
a quarterly dividend of $0.7.
This is a 1.8%
increase from the prior dividend of $0.56.
Payable April
3 for shareholders of record March 17 ex-div March 16.
Perrigo
Company plc (PRGO)
Perrigo Company
plc provides over-the-counter (OTC) health and wellness solutions
that enhance individual well-being by empowering consumers to prevent
or treat conditions that can be self-managed. The company operates
through two segments, Consumer Self-Care Americas and Consumer
Self-Care International. Perrigo Company plc was founded in 1887 and
is headquartered in Dublin, Ireland.
On February
21, PRGO announced
a quarterly dividend of $0.273.
This is a 5.0%
increase from the prior dividend of $0.26.
Payable March
23 for shareholders of record March 10 ex-div March 9.
Alerus
Financial Corporation (ALRS)
Alerus Financial
Corporation, through its subsidiary, Alerus Financial, National
Association, provides various financial services to businesses and
consumers. The company operates in four segments: Banking, Retirement
and Benefit Services, Wealth Management, and Mortgage. Alerus
Financial Corporation was founded in 1879 and is headquartered in
Grand Forks, North Dakota.
On February
21, ALRS announced
a quarterly dividend of $0.18.
This is a 5.0%
increase from the prior dividend of $0.16.
Payable April
14 for shareholders of record March 15 ex-div March 14.
Diamondback
Energy, Inc. (FANG)
Diamondback
Energy, Inc., an independent oil and natural gas company, focuses on
the acquisition, development, exploration, and exploitation of
unconventional and onshore oil and natural gas reserves in the
Permian Basin in West Texas. Diamondback Energy, Inc. was founded in
2007 and is headquartered in Midland, Texas.
On February
21, FANG announced
a quarterly dividend of $0.80.
This is a 6.7%
increase from the prior dividend of $0.75.
Payable March
10 for shareholders of record March 3 ex-div March 2.
Silgan
Holdings Inc. (SLGN)
Silgan Holdings
Inc., together with its subsidiaries, manufactures and sells rigid
packaging for consumer goods products in North America, Europe, and
internationally. It operates through three segments: Dispensing and
Specialty Closures, Metal Containers, and Custom Containers. Silgan
Holdings Inc. was founded in 1987 and is headquartered in Stamford,
Connecticut.
On February
21, SLGN announced
a quarterly dividend of $0.18.
This is a
12.5% increase from the prior dividend of $0.16.
Payable March
31 for shareholders of record March 17 ex-div March 16.
Genuine
Parts Company (GPC)
Genuine Parts
Company distributes automotive replacement parts, and industrial
parts and materials. It operates through Automotive Parts Group and
Industrial Parts Group segments. The company was incorporated in 1928
and is headquartered in Atlanta, Georgia.
On February
21, GPC announced
a quarterly dividend of $0.95.
This is a 6.1%
increase from the prior dividend of $0.895.
Payable April
3 for shareholders of record March 3 ex-div March 2.
Evans
Bancorp, Inc. (EVBN)
Evans Bancorp,
Inc. primarily operates as the financial holding company for Evans
Bank, N.A. that provides a range of banking products and services to
consumer and commercial customers in Western New York and the Finger
Lakes Region of New York State. It operates in two segments, Banking
Activities and Insurance Agency Activities. Evans Bancorp, Inc. was
founded in 1920 and is headquartered in Williamsville, New York.
On February
22, EVBN announced
a semi-annual dividend of $0.66.
This is a 3.1%
increase from the prior dividend of $0.64.
Payable April
4 for shareholders of record March 10 ex-div March 9.
Intel
Corporation (INTC)
Intel Corporation
designs, develops, manufactures, markets, and sells computing and
related products worldwide. It operates through Client Computing
Group, Data Center and AI, Network and Edge, Mobileye, Accelerated
Computing Systems and Graphics, Intel Foundry Services, and Other
segments. The company was incorporated in 1968 and is headquartered
in Santa Clara, California.
On February
22, INTC announced
a quarterly dividend of $0.125.
This is a
65.8% decrease from the prior dividend of $0.365.
Payable June 1
for shareholders of record May 7 ex-div May 4.
Assured
Guaranty Ltd. (AGO)
Assured Guaranty
Ltd., through its subsidiaries, provides credit protection products
to public finance, infrastructure, and structured finance markets in
the United States and internationally. The company operates in two
segments, Insurance and Asset Management. Assured Guaranty Ltd. was
incorporated in 2003 and is headquartered in Hamilton, Bermuda.
On February
22, AGO announced
a quarterly dividend of $0.28.
This is a
12.0% increase from the prior dividend of $0.25.
Payable March
22 for shareholders of record March 8 ex-div March 7.
M&T
Bank Corporation (MTB)
M&T Bank
Corporation operates as a bank holding company that provides
commercial and retail banking services. The company’s Business
Banking segment offers deposit, lending, cash management, and other
financial services to small businesses and professionals. M&T
Bank Corporation was founded in 1856 and is headquartered in Buffalo,
New York.
On February
22, MTB announced
a quarterly dividend of $1.30.
This is an
8.3% increase from the prior dividend of $1.20.
Payable March
31 for shareholders of record March 6 ex-div March 3.
McGrath
RentCorp (MGRC)
McGrath RentCorp
operates as a business to business rental company in the United
States and internationally. It rents and sells relocatable modular
buildings, portable storage containers, electronic test equipment and
related accessories, and liquid and solid containment tanks and
boxes. The company operates through four segments: Mobile Modular,
TRS-RenTelco, Adler Tanks, and Enviroplex. The company was
incorporated in 1979 and is headquartered in Livermore, California.
On February
22, MGRC announced
a quarterly dividend of $0.465.
This is a 2.2%
increase from the prior dividend of $0.455.
Payable April
28 for shareholders of record April 14 ex-div April 13.
Danaher
Corporation (DHR)
Danaher
Corporation designs, manufactures, and markets professional, medical,
industrial, and commercial products and services worldwide. The
company operates through three segments: Life Sciences, Diagnostics,
and Environmental & Applied Solutions. Danaher Corporation was
founded in 1969 and is headquartered in Washington, the District of
Columbia.
On February
22, DHR announced
a quarterly dividend of $0.27.
This is an
8.0% increase from the prior dividend of $0.25.
Payable April
28 for shareholders of record March 31 ex-div March 30.
Thermo
Fisher Scientific Inc. (TMO)
Thermo Fisher
Scientific Inc. offers life sciences solutions, analytical
instruments, specialty diagnostics, and laboratory products and
service worldwide. The company’s Life Sciences Solutions segment
offers reagents, instruments, and consumables for biological and
medical research, discovery, and production of drugs and vaccines, as
well as diagnosis of infections and diseases to pharmaceutical,
biotechnology, agricultural, clinical, healthcare, academic, and
government markets. The company was incorporated in 1956 and is based
in Waltham, Massachusetts.
On February
22, TMO announced
a quarterly dividend of $0.35.
This is a
16.7% increase from the prior dividend of $0.30.
Payable April
14 for shareholders of record March 15 ex-div March 14.
Xcel
Energy Inc. (XEL)
Xcel Energy Inc.,
through its subsidiaries, generates, purchases, transmits,
distributes, and sells electricity. It operates through Regulated
Electric Utility, Regulated Natural Gas Utility, and All Other
segments. The company generates electricity through coal, nuclear,
natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and
wind energy sources. Xcel Energy Inc. was incorporated in 1909 and is
headquartered in Minneapolis, Minnesota.
On February
22, XEL announced
a quarterly dividend of $0.52.
This is a 6.7%
increase from the prior dividend of $0.4875.
Payable April
20 for shareholders of record March 15 ex-div March 14.