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, 10 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.
Mercantile Bank Corporation (MBWM)
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
On July 18, MBWM announced a quarterly dividend of $0.34.
This is a 3.0% increase from the prior dividend of $0.33.
Payable September 13 for shareholders of record September 1 ex-div August 31.
The Bank of New York Mellon Corporation (BK)
The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The company was founded in 1784 and is headquartered in New York, New York.
On July 18, BK announced a quarterly dividend of $0.42.
This is a 13.5% increase from the prior dividend of $0.37.
Payable August 10 for shareholders of record July 28 ex-div July 27.
Morgan Stanley (MS)
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.
On July 18, MS announced a quarterly dividend of $0.85.
This is a 9.0% increase from the prior dividend of $0.78.
Payable August 15 for shareholders of record July 31 ex-div July 28.
The Goldman Sachs Group, Inc. (GS)
The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.
On July 19, GS announced a quarterly dividend of $2.75.
This is a 10.0% increase from the prior dividend of $2.50.
Payable September 28 for shareholders of record August 31 ex-div August 30.
Greene County Bancorp, Inc. (GCBC)
Greene County Bancorp, Inc. operates as a holding company for The Bank of Greene County that provides various financial services in the United States. Its deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts. The company was founded in 1889 and is based in Catskill, New York. Greene County Bancorp, Inc. is a subsidiary of Greene County Bancorp, MHC.
On July 19, GCBC announced a quarterly dividend of $0.08.
This is a 14.3% increase from the prior dividend of $0.07.
Payable August 31 for shareholders of record August 14 ex-div August 11.
Bank of America Corporation (BAC)
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. The company was founded in 1784 and is based in Charlotte, North Carolina.
On July 19, BAC announced a quarterly dividend of $0.24.
This is a 9.1% increase from the prior dividend of $0.22.
Payable September 29 for shareholders of record September 1 ex-div August 31.
Community Bank System, Inc. (CBU)
Community Bank System, Inc. operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. Community Bank System, Inc. was founded in 1866 and is headquartered in DeWitt, New York.
On July 19, CBU announced a quarterly dividend of $0.45.
This is a 2.3% increase from the prior dividend of $0.44.
Payable October 10 for shareholders of record September 15 ex-div September 14.
Regions Financial Corporation (RF)
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The company was founded in 1971 and is headquartered in Birmingham, Alabama.
On July 19, RF announced a quarterly dividend of $0.24.
This is a 20.0% increase from the prior dividend of $0.20.
Payable October 2 for shareholders of record September 1 ex-div August 31.
PPG Industries, Inc. (PPG)
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company operates through Performance Coatings and Industrial Coatings. The company was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.
On July 20, PPG announced a quarterly dividend of $0.65.
This is a 4.8% increase from the prior dividend of $0.62.
Payable September 12 for shareholders of record August 10 ex-div August 9.
State Street Corporation (STT)
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.
On July 20, STT announced a quarterly dividend of $0.69.
This is a 9.5% increase from the prior dividend of $0.63.
Payable October 12 for shareholders of record October 2 ex-div September 29.
Archive of Dividend Increases
Comments
Post a Comment