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.
Realty Income Corporation (O)
Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 12,200 real estate properties primarily owned under long-term net lease agreements with commercial clients. To date, the company has declared 632 consecutive monthly dividends on its shares of common stock throughout its 54-year operating history and increased the dividend 119th times since Realty Income's public listing in 1994.
On June 13, O announced a monthly dividend of $0.2555.
This is a 0.2% increase from the prior dividend of $0.255.
Payable July 14 for shareholders of record July 3 ex-div June 30.
Caterpillar Inc. (CAT)
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar Inc. in 1986. Caterpillar Inc. was founded in 1925 and is headquartered in Irving, Texas.
On June 14, CAT announced a quarterly dividend of $1.30.
This is an 8.3% increase from the prior dividend of $1.20.
Payable August 18 for shareholders of record July 20 ex-div July 19.
W. R. Berkley Corporation (WRB)
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. W. R. Berkley Corporation was founded in 1967 and is based in Greenwich, Connecticut.
On June 14, WRB announced a quarterly dividend of $0.11.
This is a 10.0% increase from the prior dividend of $0.10.
Payable June 30 for shareholders of record June 26 ex-div June 23.
Target Corporation (TGT)
Target Corporation operates as a general merchandise retailer in the United States. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.
On June 15, TGT announced a quarterly dividend of $1.10.
This is a 1.9% increase from the prior dividend of $1.08.
Payable September 10 for shareholders of record August 16 ex-div August 15.
National Fuel Gas Company (NFG)
National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. National Fuel Gas Company was incorporated in 1902 and is headquartered in Williamsville, New York.
On June 15, NFG announced a quarterly dividend of $0.495.
This is a 4.2% increase from the prior dividend of $0.475.
Payable July 14 for shareholders of record June 30 ex-div June 29.
W. P. Carey Inc. (WPC)
Celebrating its 50th anniversary, W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $24 billion and a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,449 net lease properties covering approximately 176 million square feet and a portfolio of 84 self-storage operating properties, as of December 31, 2022.
On June 15, WPC announced a quarterly dividend of $1.069.
This is a 0.2% increase from the prior dividend of $1.067.
Payable July 14 for shareholders of record June 30 ex-div June 29.
Archive of Dividend Increases
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