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, 4 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period.
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.
Fifth Third Bancorp (FITB)
Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.
On September 11, VICI announced a quarterly dividend of $0.35.
This is a 6.1% increase from the prior dividend of $0.33.
Payable October 16 for shareholders of record September 30 ex-div September 29.
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 13,100 real estate properties primarily owned under long-term net lease agreements with commercial clients. To date, the company has declared 637 consecutive monthly dividends on its shares of common stock throughout its 54-year operating history and increased the dividend 121 times since Realty Income's public listing in 1994.
On September 12, O announced a monthly dividend of $0.256.
This is a 0.2% increase from the prior dividend of $0.2555.
Payable October 13 for shareholders of record October 2 ex-div September 29.
Philip Morris International Inc. (PM)
Philip Morris International Inc. operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches. Philip Morris International Inc. was incorporated in 1987 and is headquartered in Stamford, Connecticut.
On September 13, PM announced a quarterly dividend of $1.30.
This is a 2.4% increase from the prior dividend of $1.27.
Payable October 12 for shareholders of record September 27 ex-div September 26.
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 $23 billion and a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,475 net lease properties covering approximately 180 million square feet and a portfolio of 85 self-storage operating properties, as of June 30, 2023.
On September 14, WPC announced a quarterly dividend of $1.071.
This is a 0.2% increase from the prior dividend of $1.069.
Payable October 16 for shareholders of record September 29 ex-div September 28.
Archive of Dividend Increases
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