February 18, 2023

Dividend Increases: Week 7 (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, 33 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.









Kinsale Capital Group, Inc. (KNSL)

Kinsale Capital Group, Inc., a specialty insurance company, provides property and casualty insurance products in the United States. The company’s commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance. The company was founded in 2009 and is headquartered in Richmond, Virginia.

On February 15, KNSL announced a quarterly dividend of $0.14.

This is a 7.7% increase from the prior dividend of $0.13.

Payable March 13 for shareholders of record February 28 ex-div February 27.



Manulife Financial Corporation (TSE:MFC)

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; And Corporate and Other segments. Manulife Financial Corporation was incorporated in 1887 and is headquartered in Toronto, Canada.

On February 15, MFC announced a quarterly dividend of C$0.365.

This is a 10.6% increase from the prior dividend of C$0.33.

Payable March 20 for shareholders of record February 28 ex-div February 27.



Humana Inc. (HUM)

Humana Inc., together with its subsidiaries, operates as a health and well-being company in the United States. It operates through three segments: Retail, Group and Specialty, and Healthcare Services. The company offers medical and supplemental benefit plans to individuals. Humana Inc. was founded in 1961 and is headquartered in Louisville, Kentucky.

On February 16, HUM announced a quarterly dividend of $0.885.

This is a 12.4% increase from the prior dividend of $0.7875.

Payable April 28 for shareholders of record March 31 ex-div March 30.



Reliance Steel & Aluminum Co. (RS)

Reliance Steel & Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company was founded in 1939 and is headquartered in Los Angeles, California.

On February 16, RS announced a quarterly dividend of $1.00.

This is a 14.3% increase from the prior dividend of $0.875.

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



Brunswick Corporation (BC)

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through Propulsion; Parts & Accessories; and Boat segments. Brunswick Corporation was founded in 1845 and is headquartered in Mettawa, Illinois.

On February 16, BC announced a quarterly dividend of $0.40.

This is a 9.6% increase from the prior dividend of $0.365.

Payable March 15 for shareholders of record February 27 ex-div February 24.





The Coca-Cola Company (KO)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant–based beverages; tea and coffee; and energy drinks. The company was founded in 1886 and is headquartered in Atlanta, Georgia.

On February 16, KO announced a quarterly dividend of $0.46.

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

Payable April 3 for shareholders of record March 17 ex-div March 16.



Unity Bancorp, Inc. (UNTY)

Unity Bancorp, Inc. operates as the holding company for Unity Bank that provides commercial and retail banking products and services to individuals, small and medium sized businesses, and professional communities. Unity Bancorp, Inc. was incorporated in 1991 and is based in Clinton, New Jersey.

On February 16, UNTY announced a quarterly dividend of $0.12.

This is a 9.1% increase from the prior dividend of $0.11.

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



Merchants Bancorp (MBIN)

Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.

On February 16, MBIN announced a quarterly dividend of $0.08.

This is a 14.3% increase from the prior dividend of $0.07.

Payable April 3 for shareholders of record March 15 ex-div March 14.



Telephone and Data Systems, Inc. (TDS)

Telephone and Data Systems, Inc., a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. Telephone and Data Systems, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.

On February 16, TDS announced a quarterly dividend of $0.185.

This is a 2.8% increase from the prior dividend of $0.18.

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



EnPro Industries, Inc. (NPO)

EnPro Industries, Inc. engages in the design, development, manufacture, marketing, and service of engineered industrial products in the United States, Europe, and internationally. It operates through three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The company was incorporated in 2002 and is headquartered in Charlotte, North Carolina.

On February 16, NPO announced a quarterly dividend of $0.29.

This is a 3.6% increase from the prior dividend of $0.28.

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





Extra Space Storage Inc. (EXR)

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space.

On February 16, EXR announced a quarterly dividend of $1.62.

This is a 8.0% increase from the prior dividend of $1.50.

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



Louisiana-Pacific Corporation (LPX)

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America. Louisiana-Pacific Corporation was incorporated in 1972 and is headquartered in Nashville, Tennessee.

On February 17, LPX announced a quarterly dividend of $0.24.

This is a 9.1% increase from the prior dividend of $0.22.

Payable March 31 for shareholders of record March 10 ex-div March 9.



NextEra Energy, Inc. (NEE)

NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal, and natural gas facilities. The company was founded in 1925 and is headquartered in Juno Beach, Florida.

On February 17, NEE announced a quarterly dividend of $0.4675.

This is a 10.0% increase from the prior dividend of $0.425.

Payable March 15 for shareholders of record February 28 ex-div February 27.



Peoples Bancorp of North Carolina, Inc. (PEBK)

Peoples Bancorp of North Carolina, Inc. operates as the bank holding company for Peoples Bank that provides various commercial and consumer banking products and services to individuals and small to medium-sized businesses. It offers checking, savings, money market, and time deposits; demand deposits; and certificates of deposit, as well as borrowed funds. Peoples Bancorp of North Carolina, Inc. was founded in 1912 and is headquartered in Newton, North Carolina.

On February 17, PEBK announced a quarterly dividend of $0.19.

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

Payable March 15 for shareholders of record March 3 ex-div March 2.



The Allstate Corporation (ALL)

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Corporation was founded in 1931 and is based in Northbrook, Illinois.

On February 17, ALL announced a quarterly dividend of $0.89.

This is a 4.7% increase from the prior dividend of $0.85.

Payable April 3 for shareholders of record February 28 ex-div February 27.





Financial Institutions, Inc. (FISI)

Financial Institutions, Inc. operates as a holding company for the Five Star Bank, a chartered bank that provides banking and financial services to individuals, municipalities, and businesses in New York. The company offers checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan accounts. Financial Institutions, Inc. was founded in 1817 and is headquartered in Warsaw, New York.

On February 17, FISI announced a quarterly dividend of $0.30.

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

Payable April 3 for shareholders of record March 16 ex-div March 15.



Archive of Dividend Increases




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