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, 16 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.
Insperity, Inc. (NSP)
Insperity, Inc. engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses. It offers its HR services through its Workforce Optimization and Workforce Synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers’ compensation, government compliance, performance management, and training and development services. Insperity, Inc. was founded in 1986 and is headquartered in Kingwood, Texas.
On May 24, NSP announced a quarterly dividend of $0.57.
This is a 9.6% increase from the prior dividend of $0.52.
Payable June 22 for shareholders of record June 8 ex-div June 7.
TowneBank (TOWN)
TowneBank provides retail and commercial banking services for individuals, commercial enterprises, and professionals. The company operates through three segments: Banking, Realty, and Insurance. It accepts various deposits, including demand deposits, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts. TowneBank was incorporated in 1998 and is based in Portsmouth, Virginia.
On May 24, TOWN announced a quarterly dividend of $0.25.
This is an 8.7% increase from the prior dividend of $0.23.
Payable July 14 for shareholders of record June 30 ex-div June 29.
Donaldson Company, Inc. (DCI)
Donaldson Company, Inc. manufactures and sells filtration systems and replacement parts worldwide. The company operates through two segments, Engine Products and Industrial Products. The company was founded in 1915 and is headquartered in Bloomington, Minnesota.
On May 24, DCI announced a quarterly dividend of $0.25.
This is an 8.7% increase from the prior dividend of $0.23.
Payable June 23 for shareholders of record June 7 ex-div June 6.
Equitable Holdings, Inc. (EQH)
Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. Equitable Holdings, Inc. was founded in 1859 and is based in New York, New York.
On May 24, EQH announced a quarterly dividend of $0.22.
This is a 10.0% increase from the prior dividend of $0.20.
Payable June 12 for shareholders of record June 5 ex-div June 2.
Universal Corporation (UVV)
Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations; and Ingredients Operations. It is involved in the procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. Universal Corporation was founded in 1886 and is headquartered in Richmond, Virginia.
On May 24, UVV announced a quarterly dividend of $0.80.
This is a 1.3% increase from the prior dividend of $0.79.
Payable August 7 for shareholders of record July 10 ex-div July 7.
Canadian Imperial Bank of Commerce (TSE:CM)
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.
On May 25, CM announced a quarterly dividend of C$0.87.
This is a 2.4% increase from the prior dividend of C$0.85.
Payable July 28 for shareholders of record June 28 ex-div June 27.
Royal Bank of Canada (TSE:RY)
Royal Bank of Canada operates as a diversified financial service company worldwide. The company’s Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. The company was founded in 1864 and is headquartered in Toronto, Canada.
On May 25, RY announced a quarterly dividend of C$1.35.
This is a 2.3% increase from the prior dividend of C$1.32.
Payable August 24 for shareholders of record July 26 ex-div July 25.
Medtronic plc (MDT)
Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. Its Cardiovascular Portfolio segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; cardiac ablation products; insertable cardiac monitor systems; TYRX products; and remote monitoring and patient-centered software. The company was founded in 1949 and is headquartered in Dublin, Ireland.
On May 25, MDT announced a quarterly dividend of $0.69.
This is a 1.5% increase from the prior dividend of $0.68.
Payable July 14 for shareholders of record June 23 ex-div June 22.
Hamilton Lane Incorporated (HLNE)
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions. Hamilton Lane Incorporated was founded in 1991 and is based in Conshohocken, Pennsylvania with additional offices across Europe, North America, and Asia.
On May 25, HLNE announced a quarterly dividend of $0.445.
This is an 11.3% increase from the prior dividend of $0.40.
Payable July 7 for shareholders of record June 15 ex-div June 14.
Unum Group (UNM)
Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block and Corporate segments. Unum Group was founded in 1848 and is based in Chattanooga, Tennessee.
On May 25, UNM announced a quarterly dividend of $0.36.
This is a 10.6% increase from the prior dividend of $0.33.
Payment will be effective with the dividend expected to be paid in the third quarter of 2023.
American Tower Corporation (AMT)
American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of nearly 226,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
On May 25, AMT announced a quarterly dividend of $1.57.
This is a 0.6% increase from the prior dividend of $1.56.
Payable July 10 for shareholders of record June 16 ex-div June 15.
Flowers Foods, Inc. (FLO)
Flowers Foods, Inc. produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley’s, and Tastykake brand names. Flowers Foods, Inc. was founded in 1919 and is headquartered in Thomasville, Georgia.
On May 25, FLO announced a quarterly dividend of $0.23.
This is a 4.5% increase from the prior dividend of $0.22.
Payable June 22 for shareholders of record June 8 ex-div June 7.
National Storage Affiliates Trust (NSA)
National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet. NSA is one of the largest owners and operators of self storage properties among public and private companies in the United States.
On May 25, NSA announced a quarterly dividend of $0.56.
This is a 1.8% increase from the prior dividend of $0.55.
Payable June 30 for shareholders of record June 15 ex-div June 14.
IDEX Corporation (IEX)
IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The company was incorporated in 1987 and is headquartered in Northbrook, Illinois.
On May 25, IEX announced a quarterly dividend of $0.64.
This is a 6.7% increase from the prior dividend of $0.60.
Payable June 23 for shareholders of record June 9 ex-div June 8.
Canadian Western Bank (TSE:CWB)
Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, notice, cash management, US dollar, and chequing accounts, as well as organization, business trust, and trust fund investment accounts. Canadian Western Bank was founded in 1984 and is headquartered in Edmonton, Canada.
On May 26, CWB announced a quarterly dividend of C$0.33.
This is a 3.1% increase from the prior dividend of C$0.32.
Payable June 22 for shareholders of record June 8 ex-div June 7.
Lowe's Companies, Inc. (LOW)
Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical. Lowe's Companies, Inc. was founded in 1921 and is based in Mooresville, North Carolina.
On May 26, LOW announced a quarterly dividend of $1.10.
This is a 4.8% increase from the prior dividend of $1.05.
Payable August 9 for shareholders of record July 26 ex-div July 25.
Archive of Dividend Increases
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