March 17, 2023

Dividend Increases: Week 11

 


 

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, 7 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period.



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.









Applied Materials, Inc. (AMAT)

Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. Applied Materials, Inc. was incorporated in 1967 and is headquartered in Santa Clara, California.

On March 13, AMAT announced a quarterly dividend of $0.32.

This is a 23.1% increase from the prior dividend of $0.26.

Payable June 15 for shareholders of record May 25 ex-div May 24.



Parkland Corporation (TSE:PKI)

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company’s Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities. Parkland Corporation was founded in 1977 and is headquartered in Calgary, Canada.

On March 13, PKI announced a quarterly dividend of C$0.34.

This is a 4.6% increase from the prior dividend of C$0.325.

Payable April 14 for shareholders of record March 22 ex-div March 21.



Realty Income Corporation (O)

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with our commercial clients. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 109 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats index.

On March 14, O announced a monthly dividend of $0.255.

This is a 0.2% increase from the prior dividend of $0.2545.

Payable April 14 for shareholders of record April 3 ex-div March 31.



Williams-Sonoma, Inc. (WSM)

Williams-Sonoma, Inc. operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand. Williams-Sonoma, Inc. was founded in 1956 and is headquartered in San Francisco, California.

On March 16, WSM announced a quarterly dividend of $0.90.

This is a 15.4% increase from the prior dividend of $0.78.

Payable May 26 for shareholders of record April 21 ex-div April 20.





UDR, Inc. (UDR)

UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S. markets. As of September 30, 2020, UDR owned or had an ownership position in 51,649 apartment homes including 1,031 homes under development. For over 48 years, UDR has delivered long-term value to shareholders, the best standard of service to Residents and the highest quality experience for Associates.

On March 16, UDR announced a quarterly dividend of $0.42.

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

Payable May 1 for shareholders of record April 10 ex-div April 7.



Medifast, Inc. (MED)

Medifast, Inc., through its subsidiaries, manufactures and distributes weight loss, weight management, healthy living products, and other consumable health and nutritional products in the United States and the Asia-Pacific. The company was founded in 1980 and is based in Baltimore, Maryland.

On March 16, MED announced a quarterly dividend of $1.65.

This is a 0.6% increase from the prior dividend of $1.64.

Payable May 9 for shareholders of record March 28 ex-div March 27.



Power Corporation of Canada (TSE:POW)

Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services. The company was incorporated in 1925 and is based in Montréal, Canada.

On March 16, POW announced a quarterly dividend of C$0.525.

This is a 6.1% increase from the prior dividend of C$0.495.

Payable May 1 for shareholders of record March 31 ex-div March 30.



Archive of Dividend Increases




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