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, 18 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.
Portland General Electric Company (POR)
Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. The company was founded in 1889 and is headquartered in Portland, Oregon.
On April 21, POR announced a quarterly dividend of $0.475.
This is a 4.9% increase from the prior dividend of $0.453.
Payable July 17 for shareholders of record June 26 ex-div June 23.
Ameriprise Financial, Inc. (AMP)
Ameriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The company was founded in 1894 and is headquartered in Minneapolis, Minnesota.
On April 24, AMP announced a quarterly dividend of $1.35.
This is an 8.0% increase from the prior dividend of $1.25.
Payable May 19 for shareholders of record May 8 ex-div May 5.
Raytheon Technologies Corporation (RTX)
Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The company was incorporated in 1934 and is headquartered in Arlington, Virginia.
On April 24, RTX announced a quarterly dividend of $0.59.
This is a 7.3% increase from the prior dividend of $0.55.
Payable June 15 for shareholders of record May 19 ex-div May 18.
Hess Midstream LP (HESM)
Hess Midstream LP owns, develops, operates, and acquires midstream assets. The company operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.
On April 24, HESM announced a quarterly dividend of $0.5851.
This is a 2.7% increase from the prior dividend of $0.5696.
Payable May 12 for shareholders of record May 4 ex-div May 3.
Peoples Bancorp Inc. (PEBO)
Peoples Bancorp Inc. operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts. Peoples Bancorp Inc. was founded in 1902 and is based in Marietta, Ohio.
On April 25, PEBO announced a quarterly dividend of $0.39.
This is a 2.6% increase from the prior dividend of $0.38.
Payable May 22 for shareholders of record May 8 ex-div May 5.
First Commonwealth Financial Corporation (FCF)
First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (atm) services, as well as internet, mobile, and telephone banking services. First Commonwealth Financial Corporation was founded in 1934 and is headquartered in Indiana, Pennsylvania.
On April 25, FCF announced a quarterly dividend of $0.125.
This is a 4.2% increase from the prior dividend of $0.12.
Payable May 19 for shareholders of record May 5 ex-div May 4.
International Business Machines Corporation (IBM)
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
On April 25, IBM announced a quarterly dividend of $1.66.
This is a 0.6% increase from the prior dividend of $1.65.
Payable June 10 for shareholders of record May 10 ex-div May 9.
Comfort Systems USA, Inc. (FIX)
Comfort Systems USA, Inc. provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. Comfort Systems USA, Inc. was incorporated in 1996 and is based in Houston, Texas.
On April 26, FIX announced a quarterly dividend of $0.20.
This is a 14.3% increase from the prior dividend of $0.175.
Payable May 29 for shareholders of record May 18 ex-div May 17.
Simpson Manufacturing Co., Inc. (SSD)
Simpson Manufacturing Co., Inc., through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. The company was founded in 1956 and is headquartered in Pleasanton, California.
On April 27, SSD announced a quarterly dividend of $0.27.
This is a 3.8% increase from the prior dividend of $0.26.
Payable July 27 for shareholders of record July 6 ex-div July 5.
AGCO Corporation (AGCO)
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses. The company was founded in 1990 and is headquartered in Duluth, Georgia.
On April 27, AGCO announced a quarterly dividend of $0.29.
This is a 20.8% increase from the prior dividend of $0.24.
Payable June 20 for shareholders of record May 19 ex-div May 18.
Avery Dennison Corporation (AVY)
Avery Dennison Corporation operates as materials science and digital identification solutions company. It provides branding and information labeling solutions, including pressure-sensitive materials, radio-frequency identification (RFID) inlays and tags, and various converted products and solutions. Avery Dennison Corporation was founded in 1935 and is headquartered in Mentor, Ohio.
On April 27, AVY announced a quarterly dividend of $0.81.
This is an 8.0% increase from the prior dividend of $0.75.
Payable June 21 for shareholders of record June 7 ex-div June 6.
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 April 27, CHCT announced a quarterly dividend of $0.45.
This is a 0.6% increase from the prior dividend of $0.4475.
Payable May 26 for shareholders of record May 12 ex-div May 11.
MetLife, Inc. (MET)
MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. MetLife, Inc. was founded in 1863 and is headquartered in New York, New York.
On April 25, MET announced a quarterly dividend of $0.52.
This is a 4.0% increase from the prior dividend of $0.50.
Payable June 14 for shareholders of record May 9 ex-div May 8.
American Water Works Company, Inc. (AWK)
American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,600 communities in 14 states serving approximately 3.4 million active customers. The company was founded in 1886 and is headquartered in Camden, New Jersey.
On April 26, AWK announced a quarterly dividend of $0.7075.
This is an 8.0% increase from the prior dividend of $0.655.
Payable June 1 for shareholders of record May 9 ex-div May 8.
Parker-Hannifin Corporation (PH)
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments, Diversified Industrial and Aerospace Systems. The company was founded in 1917 and is headquartered in Cleveland, Ohio.
On April 27, PH announced a quarterly dividend of $1.48.
This is an 11.3% increase from the prior dividend of $1.33.
Payable June 2 for shareholders of record May 12 ex-div May 11.
Paychex, Inc. (PAYX)
Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. The company was founded in 1971 and is headquartered in Rochester, New York.
On April 28, PAYX announced a quarterly dividend of $0.89.
This is a 12.7% increase from the prior dividend of $0.79.
Payable May 25 for shareholders of record May 11 ex-div May 10.
Peoples Financial Services Corp. (PFIS)
Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides various commercial and retail banking services. The company accepts money market, NOW, savings, individual retirement, demand deposit, and certificates of deposit accounts. Peoples Financial Services Corp. was founded in 1905 and is headquartered in Scranton, Pennsylvania.
On April 28, PFIS announced a quarterly dividend of $0.41.
This is a 5.1% increase from the prior dividend of $0.39.
Payable June 15 for shareholders of record May 31 ex-div May 30.
Civista Bancshares, Inc. (CIVB)
Civista Bancshares, Inc. operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit. Civista Bancshares, Inc. was founded in 1884 and is headquartered in Sandusky, Ohio.
On April 28, CIVB announced a quarterly dividend of $0.15.
This is a 7.1% increase from the prior dividend of $0.14.
Payable May 24 for shareholders of record May 9 ex-div May 8.
Archive of Dividend Increases
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