February 10, 2023

Dividend Increases: Week 6 (Part 1)

 


 

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, 31 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.









CNA Financial Corporation (CNA)

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company was founded in 1853 and is headquartered in Chicago, Illinois. CNA Financial Corporation is a subsidiary of Loews Corporation.

On February 6, CNA announced a quarterly dividend of $0.42

This is a 5.0% increase from the prior dividend of $0.40.

Payable March 9 for shareholders of record February 21 ex-div February 17.



FirstService Corporation (FSV)

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. The company operates in two segments, FirstService Residential and FirstService Brands. FirstService Corporation was founded in 1989 and is headquartered in Toronto, Canada.

On February 6, FSV announced a quarterly dividend of $0.225

This is a 11.1% increase from the prior dividend of $0.2025.

Payable April 11 for shareholders of record March 31 ex-div March 30.



Kforce Inc. (KFRC)

Kforce Inc. provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). Kforce Inc. was founded in 1962 and is headquartered in Tampa, Florida.

On February 6, KFRC announced a quarterly dividend of $0.36

This is a 20.0% increase from the prior dividend of $0.30.

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



Power Integrations, Inc. (POWI)

Power Integrations, Inc. designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. Power Integrations, Inc. was incorporated in 1988 and is headquartered in San Jose, California.

On February 6, POWI announced a quarterly dividend of $0.19

This is a 5.6% increase from the prior dividend of $0.18.

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



Waste Management, Inc. (WM)

Waste Management, Inc., through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. Waste Management, Inc. was incorporated in 1987 and is headquartered in Houston, Texas.

On February 6, WM announced a quarterly dividend of $0.70

This is a 7.7% increase from the prior dividend of $0.65.

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





TMX Group Limited (TSE:X)

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing. TMX Group Limited was incorporated in 2011 and is headquartered in Toronto, Canada.

On February 6, TSE:X announced a quarterly dividend of C$0.87

This is a 4.8% increase from the prior dividend of C$0.83.

Payable March 10 for shareholders of record February 24 ex-div February 23.



Xylem Inc. (XYL)

Xylem Inc., together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The company was incorporated in 2011 and is headquartered in Rye Brook, New York.

On February 7, XYL announced a quarterly dividend of $0.33

This is a 10.0% increase from the prior dividend of $0.30.

Payable March 22 for shareholders of record February 22 ex-div February 21.



T. Rowe Price Group, Inc. (TROW)

T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland.

On February 7, TROW announced a quarterly dividend of $1.22.

This is a 1.7% increase from the prior dividend of $1.20.

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



V.F. Corporation (VFC)

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work. V.F. Corporation was founded in 1899 and is headquartered in Denver, Colorado.

On February 7, VFC announced a quarterly dividend of $0.30.

This is a 41.2% decrease from the prior dividend of $0.51.

Payable March 21 for shareholders of record March 10 ex-div March 9.



Midland States Bancorp, Inc. (MSBI)

Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company was founded in 1881 and is headquartered in Effingham, Illinois.

On February 7, MSBI announced a quarterly dividend of $0.30.

This is a 3.4% increase from the prior dividend of $0.29.

Payable February 24 for shareholders of record February 17 ex-div February 16.





Primerica, Inc. (PRI)

Primerica, Inc., together with its subsidiaries, provides financial products to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products. Primerica, Inc. was founded in 1927 and is headquartered in Duluth, Georgia.

On February 7, PRI announced a quarterly dividend of $0.65.

This is an 18.2% increase from the prior dividend of $0.55.

Payable March 14 for shareholders of record February 21 ex-div February 17.



3M Company (MMM)

3M Company provides diversified technology services in the United States and internationally. The company operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. 3M Company was founded in 1902 and is headquartered in St. Paul, Minnesota.

On February 7, MMM announced a quarterly dividend of $1.50.

This is a 0.7% increase from the prior dividend of $1.49.

Payable March 12 for shareholders of record February 17 ex-div February 16.



Equity LifeStyle Properties, Inc. (ELS)

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

On February 7, ELS announced a quarterly dividend of $0.4475.

This is a 9.1% increase from the prior dividend of $0.41.

Payable April 14 for shareholders of record March 31 ex-div March 30.



Yum! Brands, Inc. (YUM)

YUM! Brands, Inc., together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. YUM! Brands, Inc. was incorporated in 1997 and is headquartered in Louisville, Kentucky.

On February 8, YUM announced a quarterly dividend of $0.605.

This is a 6.1% increase from the prior dividend of $0.57.

Payable March 10 for shareholders of record February 22 ex-div February 21.



Prudential Financial, Inc. (PRU)

Prudential Financial, Inc., together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.

On February 7, PRU announced a quarterly dividend of $1.25.

This is a 4.2% increase from the prior dividend of $1.20.

Payable March 16 for shareholders of record February 21 ex-div February 17.





Willis Towers Watson Public Limited Company (WTW)

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments, Health, Wealth and Career; and Risk and Broking. The company offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services. Willis Towers Watson Public Limited Company was founded in 1828 and is based in London, the United Kingdom.

On February 8, WTW announced a quarterly dividend of $0.84.

This is a 2.4% increase from the prior dividend of $0.82.

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



Archive of Dividend Increases




No comments:

Post a Comment