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, 6 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.
Lennox International Inc. (LII)
Lennox International Inc., together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. Lennox International Inc. was founded in 1895 and is headquartered in Richardson, Texas.
On May 15, LII announced a quarterly dividend of $1.10.
This is a 3.8% increase from the prior dividend of $1.06.
Payable July 14 for shareholders of record June 30 ex-div June 29.
Northrop Grumman Corporation (NOC)
Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems in the United States and internationally. The company was founded in 1939 and is based in Falls Church, Virginia.
On May 16, NOC announced a quarterly dividend of $1.87.
This is an 8.1% increase from the prior dividend of $1.73.
Payable June 14 for shareholders of record May 30 ex-div May 26.
Materion Corporation (MTRN)
Materion Corporation, through with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. It operates through Performance Materials, Electronic Materials, and Precision Optics segments. Materion Corporation was incorporated in 1931 and is headquartered in Mayfield Heights, Ohio.
On May 17, MTRN announced a quarterly dividend of $0.13.
This is a 4.0% increase from the prior dividend of $0.125.
Payable June 15 for shareholders of record May 31 ex-div May 30.
Chubb Limited (CB)
Chubb Limited provides insurance and reinsurance products worldwide. The company’s North America Commercial P&C Insurance segment offers commercial property, casualty, workers’ compensation, package policies, risk management, financial lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses. Chubb Limited was incorporated in 1985 and is headquartered in Zurich, Switzerland.
On May 17, CB announced a quarterly dividend of $0.86.
This is a 3.6% increase from the prior dividend of $0.83.
Payable July 7 for shareholders of record June 16 ex-div June 15.
Advanced Drainage Systems, Inc. (WMS)
Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. Advanced Drainage Systems, Inc. incorporated in 1966 and is headquartered in Hilliard, Ohio.
On May 18, WMS announced a quarterly dividend of $0.14.
This is a 16.7% increase from the prior dividend of $0.12.
Payable June 15 for shareholders of record June 1 ex-div May 31.
LyondellBasell Industries N.V. (LYB)
LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. The company was incorporated in 2009 and is headquartered in Houston, Texas.
On May 19, LYB announced a quarterly dividend of $1.25.
This is a 5.0% increase from the prior dividend of $1.19.
Payable June 6 for shareholders of record May 30 ex-div May 26.
Archive of Dividend Increases
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