Dividend Increases: Week 5 (Part 2)

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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, 28 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period. This is the second 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.









Intercontinental Exchange, Inc. (ICE)

Intercontinental Exchange, Inc., together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. Intercontinental Exchange, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.

On February 2, ICE announced a quarterly dividend of $0.42.

This is a 10.5% increase from the prior dividend of $0.38.

Payable March 31 for shareholders of record March 17 ex-div March 16.



CMS Energy Corporation (CMS)

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.

On February 2, CME announced a quarterly dividend of $0.4875.

This is a 6.0% increase from the prior dividend of $0.46.

Payable February 28 for shareholders of record February 13 ex-div February 10.



Gilead Sciences, Inc. (GILD)

Gilead Sciences, Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally. The company was incorporated in 1987 and is headquartered in Foster City, California.

On February 2, GILD announced a quarterly dividend of $0.75.

This is a 2.7% increase from the prior dividend of $0.73.

Payable March 30 for shareholders of record March 15 ex-div March 14.



Exponent, Inc. (EXPO)

Exponent, Inc., together with its subsidiaries, operates as a science and engineering consulting company worldwide. It operates in two segments, Engineering and Other Scientific, and Environmental and Health. Exponent, Inc. was founded in 1967 and is headquartered in Menlo Park, California.

On February 2, EXPO announced a quarterly dividend of $0.26.

This is an 8.3% increase from the prior dividend of $0.24.

Payable March 24 for shareholders of record March 10 ex-div March 9.



Polaris Inc. (PII)

Polaris Inc. designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates through three segments: Off-Road, On-Road and Marine. The company was formerly known as Polaris Industries Inc. Polaris Inc. was founded in 1954 and is headquartered in Medina, Minnesota.

On February 2, PII announced a quarterly dividend of $0.65.

This is a 1.6% increase from the prior dividend of $0.64.

Payable March 15 for shareholders of record March 1 ex-div February 28.





Microchip Technology Incorporated (MCHP)

Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.Microchip Technology Incorporated was incorporated in 1989 and is headquartered in Chandler, Arizona.

On February 2, MCHP announced a quarterly dividend of $0.358.

This is a 9.1% increase from the prior dividend of $0.328.

Payable March 7 for shareholders of record February 21 ex-div February 17.



Camden Property Trust (CPT)

Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States.

On February 2, CPT announced a quarterly dividend of $1.00.

This is a 6.4% increase from the prior dividend of $0.94.

Payable April 17 for shareholders of record March 31 ex-div March 30.



Southside Bancshares, Inc. (SBSI)

Southside Bancshares, Inc. is a bank holding company with approximately $7.56 billion in assets as of December 31, 2022, that owns 100% of Southside Bank. Southside Bank currently has 55 branches in Texas and operates a network of 74 ATMs/ITMs.

On February 3, SBSI announced a quarterly dividend of $0.35.

This is a 2.9% increase from the prior dividend of $0.34.

Payable March 2 for shareholders of record February 16 ex-div February 15.



Avista Corporation (AVA)

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. Avista Corporation was incorporated in 1889 and is headquartered in Spokane, Washington.

On February 3, AVA announced a quarterly dividend of $0.46.

This is a 4.5% increase from the prior dividend of $0.44.

Payable March 15 for shareholders of record February 17 ex-div February 16.



ALLETE, Inc. (ALE)

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

On February 3, ALE announced a quarterly dividend of $0.6775.

This is a 4.2% increase from the prior dividend of $0.65.

Payable March 1 for shareholders of record February 15 ex-div February 14.





Church & Dwight Co., Inc. (CHD)

Church & Dwight Co., Inc. develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company was founded in 1846 and is headquartered in Ewing, New Jersey.

On February 3, CHD announced a quarterly dividend of $0.2725.

This is a 3.8% increase from the prior dividend of $0.2625.

Payable March 1 for shareholders of record February 15 ex-div February 14.



Brookfield Renewable Partners L.P. (BEP)

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources. Brookfield Renewable Partners L.P. was founded in 1999 and is headquartered in Hamilton, Bermuda.

On February 3, BEP announced a quarterly dividend of $0.3375.

This is a 5.5% increase from the prior dividend of $0.32.

Payable March 31 for shareholders of record February 28 ex-div February 27.



Otter Tail Corporation (OTTR)

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. Otter Tail Corporation was founded in 1907 and is headquartered in Fergus Falls, Minnesota.

On February 3, OTTR announced a quarterly dividend of $0.4375.

This is a 6.1% increase from the prior dividend of $0.4125.

Payable March 10 for shareholders of record February 14 ex-div February 13.



Commerce Bancshares, Inc. (CBSH)

Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas City, Missouri.

On February 3, CBSH announced a quarterly dividend of $0.27.

This is a 1.9% increase from the prior dividend of $0.265.

Payable March 27 for shareholders of record March 7 ex-div March 6.



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