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, 3 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 PNC Financial Services Group, Inc. (PNC)
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania.
On July 3, PNC announced a quarterly dividend of $1.55.
This is a 3.3% increase from the prior dividend of $1.50.
Payable August 5 for shareholders of record July 17 ex-div July 14.
Bank OZK (OZK)
Bank OZK provides various retail and commercial banking services. The company accepts various deposit products, including non-interest-bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. Bank OZK was founded in 1903 and is headquartered in Little Rock, Arkansas.
On July 3, OZK announced a quarterly dividend of $0.36.
This is a 2.9% increase from the prior dividend of $0.35.
Payable July 21 for shareholders of record July 14 ex-div July 13.
Lindsay Corporation (LNN)
Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company operates in two segments, Irrigation and Infrastructure. Lindsay Corporation was founded in 1955 and is headquartered in Omaha, Nebraska.
On July 7, LNN announced a quarterly dividend of $0.35.
This is a 2.9% increase from the prior dividend of $0.34.
Payable August 31 for shareholders of record August 17 ex-div August 16.
Archive of Dividend Increases
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