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, 8 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.
Enterprise Products Partners L.P. (EPD)
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. Enterprise Products Partners L.P. founded in 1968 and is headquartered in Houston, Texas.
On July 10, EPD announced a quarterly dividend of $0.50.
This is a 2.0% increase from the prior dividend of $0.49.
Payable August 14 for shareholders of record July 31 ex-div July 28.
Marsh & McLennan Companies, Inc. (MMC)
Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. Marsh & McLennan Companies, Inc. was founded in 1871 and is headquartered in New York, New York.
On July 11, MMC announced a quarterly dividend of $0.71.
This is a 20.3% increase from the prior dividend of $0.59.
Payable August 15 for shareholders of record July 27 ex-div July 26.
Cummins Inc. (CMI)
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.
On July 11, CMI announced a quarterly dividend of $1.68.
This is a 7.0% increase from the prior dividend of $1.57.
Payable September 7 for shareholders of record August 25 ex-div August 24.
Ryder System, Inc. (R)
Ryder System, Inc. operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The company was founded in 1933 and is headquartered in Miami, Florida.
On July 12, R announced a quarterly dividend of $0.71.
This is a 14.5% increase from the prior dividend of $0.62.
Payable September 15 for shareholders of record August 21 ex-div August 18.
Duke Energy Corporation (DUK)
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments, Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The company was founded in 1904 and is headquartered in Charlotte, North Carolina.
On July 13, DUK announced a quarterly dividend of $1.025.
This is a 2.0% increase from the prior dividend of $1.005.
Payable September 18 for shareholders of record August 18 ex-div August 17.
AptarGroup, Inc. (ATR)
AptarGroup, Inc. designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through three segments: Aptar Pharma, Aptar Beauty, and Aptar Closures. AptarGroup, Inc. was incorporated in 1992 and is headquartered in Crystal Lake, Illinois.
On July 13, ATR announced a quarterly dividend of $0.41.
This is a 7.9% increase from the prior dividend of $0.38.
Payable August 17 for shareholders of record July 27 ex-div July 26.
The J. M. Smucker Company (SJM)
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. Smucker Company was founded in 1897 and is headquartered in Orrville, Ohio.
On July 14, SJM announced a quarterly dividend of $1.06.
This is a 3.9% increase from the prior dividend of $1.02.
Payable September 1 for shareholders of record August 18 ex-div August 17.
NNN REIT, Inc. (NNN)
NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2023, the company owned 3,449 properties in 49 states with a gross leasable area of approximately 35.3 million square feet and with a weighted average remaining lease term of 10.3 years. NNN is one of only three publicly traded REITs to have increased annual dividends for 33 or more consecutive years.
On July 14, NNN announced a quarterly dividend of $0.565.
This is a 2.7% increase from the prior dividend of $0.55.
Payable August 15 for shareholders of record July 31 ex-div July 28.
Archive of Dividend Increases
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