February 11, 2023

Dividend Increases: Week 6 (Part 2)

 


 

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.









Corning Incorporated (GLW)

Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

On February 8, GLW announced a quarterly dividend of $0.28.

This is a 3.7% increase from the prior dividend of $0.27.

Payable March 30 for shareholders of record February 28 ex-div February 27.



Monolithic Power Systems, Inc. (MPWR)

Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer markets. Monolithic Power Systems, Inc. was incorporated in 1997 and is headquartered in Kirkland, Washington.

On February 8, MPWR announced a quarterly dividend of $1.00.

This is a 33.3% increase from the prior dividend of $0.75.

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



Phillips 66 (PSX)

Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The company was founded in 1875 and is headquartered in Houston, Texas.

On February 8, PSX announced a quarterly dividend of $1.05.

This is an 8.2% increase from the prior dividend of $0.97.

Payable March 1 for shareholders of record February 21 ex-div February 17.



PepsiCo, Inc. (PEP)

PepsiCo, Inc. manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region. The company was founded in 1898 and is headquartered in Purchase, New York.

On February 9, PEP announced a quarterly dividend of $1.265.

This is a 10.0% increase from the prior dividend of $0.15.

Effective with the dividend expected to be paid in June 2023



RenaissanceRe Holdings Ltd. (RNR)

RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda.

On February 8, RNR announced a quarterly dividend of $0.38.

This is a 2.7% increase from the prior dividend of $0.37.

Payable March 31 for shareholders of record March 15 ex-div March 14.





Tractor Supply Company (TSCO)

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use. The company was founded in 1938 and is based in Brentwood, Tennessee.

On February 8, TSCO announced a quarterly dividend of $1.03.

This is a 12.0% increase from the prior dividend of $0.92.

Payable March 14 for shareholders of record February 27 ex-div February 24.



Thomson Reuters Corporation (TRI)

Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. Thomson Reuters Corporation operates a subsidiary of The Woodbridge Company Limited.

On February 9, TRI announced a quarterly dividend of $0.49.

This is a 10.1% increase from the prior dividend of $0.445.

Payable March 16 for shareholders of record February 23 ex-div February 22.



ITT Inc. (ITT)

ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets worldwide. The company operates through three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. ITT Inc. was incorporated in 1920 and is headquartered in White Plains, New York.

On February 9, ITT announced a quarterly dividend of $0.29.

This is a 9.8% increase from the prior dividend of $0.264.

Payable April 3 for shareholders of record March 9 ex-div March 8.



The Interpublic Group of Companies, Inc. (IPG)

The Interpublic Group of Companies, Inc. provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The Interpublic Group of Companies, Inc. was founded in 1902 and is headquartered in New York, New York.

On February 9, IPG announced a quarterly dividend of $0.31.

This is a 6.9% increase from the prior dividend of $0.29.

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



Robert Half International Inc. (RHI)

Robert Half International Inc. provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. Robert Half International Inc. was founded in 1948 and is headquartered in Menlo Park, California.

On February 9, RHI announced a quarterly dividend of $0.48.

This is an 11.6% increase from the prior dividend of $0.43.

Payable March 15 for shareholders of record February 24 ex-div February 23.





First BanCorp. (FBP)

First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides various financial services for retail, commercial, and institutional clients. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.

On February 9, FBP announced a quarterly dividend of $0.14.

This is a 16.7% increase from the prior dividend of $0.12.

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



Allegion plc (ALLE)

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door systems; and other accessories. Allegion plc was incorporated in 2013 and is headquartered in Dublin, Ireland.

On February 9, ALLE announced a quarterly dividend of $0.45.

This is a 9.8% increase from the prior dividend of $0.41.

Payable March 31 for shareholders of record March 15 ex-div March 14.



Community Healthcare Trust Incorporated (CHCT)

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. The Company had investments of approximately $667.3 million in 131 real estate properties as of September 30, 2020, located in 33 states, totaling approximately 2.8 million square feet.

On February 9, CHCT announced a quarterly dividend of $0.4475.

This is a 0.6% increase from the prior dividend of $0.445.

Payable March 1 for shareholders of record February 21 ex-div February 17.



Magna International (MGA)

Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.

On February 10, MGA announced a quarterly dividend of $0.46.

This is a 2.2% increase from the prior dividend of $0.45.

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



Ameren Corporation (AEE)

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. Ameren Corporation was founded in 1881 and is headquartered in St. Louis, Missouri.

On February 10, AEE announced a quarterly dividend of $0.63.

This is a 2.2% increase from the prior dividend of $0.59.

Payable March 31 for shareholders of record March 15 ex-div March 14.





Masco Corporation (MAS)

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. Masco Corporation was incorporated in 1929 and is headquartered in Livonia, Michigan.

On February 10, MAS announced a quarterly dividend of $0.285.

This is a 1.8% increase from the prior dividend of $0.28.

Payable March 13 for shareholders of record February 23 ex-div February 22.



Archive of Dividend Increases



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