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, 14 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period. 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.
The Southern Company (SO)
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through three segments: Gas Distribution Operations, Gas Pipeline Investments, and Gas Marketing Services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.
On April 17, SO announced a quarterly dividend of $0.70.
This is a 2.9% increase from the prior dividend of $0.68.
Payable June 6 for shareholders of record May 15 ex-div May 12.
Johnson & Johnson (JNJ)
Johnson & Johnson, together with its subsidiaries, researches, develops, manufactures, and sells various products in the healthcare field worldwide. Johnson & Johnson was founded in 1886 and is based in New Brunswick, New Jersey.
On April 18, JNJ announced a quarterly dividend of $1.19.
This is a 5.3% increase from the prior dividend of $1.13.
Payable June 6 for shareholders of record May 23 ex-div May 22.
Lithia Motors, Inc. (LAD)
Lithia Motors, Inc. operates as an automotive retailer. The company operates through Domestic, Import, and Luxury segments. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells body and parts for the new vehicles under the Driveway and GreenCars brand names. Lithia Motors, Inc. was founded in 1946 and is headquartered in Medford, Oregon.
On April 19, LAD announced a quarterly dividend of $0.50.
This is a 19.0% increase from the prior dividend of $0.42.
Payable May 26 for shareholders of record May 12 ex-div May 11.
The Travelers Companies, Inc. (TRV)
The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance. The Travelers Companies, Inc. was founded in 1853 and is based in New York, New York.
On April 19, TRV announced a quarterly dividend of $1.00.
This is a 7.5% increase from the prior dividend of $0.93.
Payable June 30 for shareholders of record June 9 ex-div June 8.
Nasdaq, Inc. (NDAQ)
Nasdaq, Inc. operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Market Platforms, Capital Access Platforms, and Anti-Financial Crime. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.
On April 19, NDAQ announced a quarterly dividend of $0.22.
This is a 10.0% increase from the prior dividend of $0.20.
Payable June 30 for shareholders of record June 16 ex-div June 15.
Sonoco Products Company (SON)
Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates through two segments: Consumer Packaging and Industrial Paper Packaging. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.
On April 20, SON announced a quarterly dividend of $0.51.
This is a 4.1% increase from the prior dividend of $0.49.
Payable June 9 for shareholders of record May 10 ex-div May 9.
Kinder Morgan, Inc. (KMI)
Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. Kinder Morgan, Inc. was founded in 1936 and is headquartered in Houston, Texas.
On April 19, KMI announced a quarterly dividend of $0.2825.
This is a 1.8% increase from the prior dividend of $0.2775.
Payable May 15 for shareholders of record May 1 ex-div April 28.
Discover Financial Services (DFS)
Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The company was incorporated in 1960 and is based in Riverwoods, Illinois.
On April 19, DFS announced a quarterly dividend of $0.70.
This is a 16.7% increase from the prior dividend of $0.60.
Payable June 8 for shareholders of record May 25 ex-div May 24.
Costco Wholesale Corporation (COST)
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.
On April 19, COST announced a quarterly dividend of $1.02.
This is a 13.3% increase from the prior dividend of $0.90.
Payable May 19 for shareholders of record May 5 ex-div May 4.
Donegal Group Inc. (DGICA)
Donegal Group Inc., an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals. It operates through three segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. Donegal Group Inc. was founded in 1889 and is headquartered in Marietta, Pennsylvania.
On April 20, DGICA announced a quarterly dividend of $0.17.
This is a 3.0% increase from the prior dividend of $0.165.
Payable May 15 for shareholders of record May 1 ex-div April 28.
United Bancorp, Inc. (UBCP)
United Bancorp, Inc. operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. It provides range of banking and financial services, which includes accepting demand, savings, and time deposits; and offers commercial, real estate and consumer loans. United Bancorp, Inc. was founded in 1902 and is headquartered in Martins Ferry, Ohio.
On April 20, UBCP announced a quarterly dividend of $0.165.
This is a 1.5% increase from the prior dividend of $0.1625.
Payable June 20 for shareholders of record June 9 ex-div June 8.
Bar Harbor Bankshares (BHB)
Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit. Bar Harbor Bankshares was founded in 1887 and is headquartered in Bar Harbor, Maine.
On April 20, BHB announced a quarterly dividend of $0.28.
This is a 7.7% increase from the prior dividend of $0.26.
Payable June 16 for shareholders of record May 16 ex-div May 15.
Value Line, Inc. (VALU)
Value Line, Inc., together with its subsidiaries, produces and sells investment periodicals and related publications primarily in the United States. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), and options. Value Line, Inc. was founded in 1931 and is headquartered in New York, New York. Value Line, Inc. is a subsidiary of Arnold Bernhard & Co, Inc.
On April 21, VALU announced a quarterly dividend of $0.28.
This is a 12.0% increase from the prior dividend of $0.25.
Payable May 11 for shareholders of record May 1 ex-div April 28.
Park National Corporation (PRK)
Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in small and medium population areas. The company offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services for individual customers. Park National Corporation was founded in 1908 and is headquartered in Newark, Ohio.
On April 21, PRK announced a quarterly dividend of $1.05.
This is a 1.0% increase from the prior dividend of $1.04.
Payable June 9 for shareholders of record May 19 ex-div May 18.
Archive of Dividend Increases
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