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, 9 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.
Norwood Financial Corp. (NWFL)
Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. The company accepts a range of deposit products, including interest-bearing and non-interest bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits. Norwood Financial Corp. was founded in 1870 and is headquartered in Honesdale, Pennsylvania.
On September 18, NWFL announced a quarterly dividend of $0.29.
This is a 3.6% increase from the prior dividend of $0.28.
Payable November 1 for shareholders of record October 13 ex-div October 12.
Fortis Inc. (TSE:FTS)
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 443,000 retail customers in southeastern Arizona; and 102,000 retail customers in Arizona’s Mohave and Santa Cruz counties with an aggregate capacity of 3,328 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
On September 19, FTS announced a quarterly dividend of C$0.59.
This is a 4.4% increase from the prior dividend of C$0.565.
Payable December 1 for shareholders of record November 17 ex-div November 16.
Microsoft Corporation (MSFT)
Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services. The company was founded in 1975 and is headquartered in Redmond, Washington.
On September 19, MSFT announced a quarterly dividend of $0.75.
This is a 10.3% increase from the prior dividend of $0.68.
Payable December 14 for shareholders of record November 16 ex-div November 15.
JPMorgan Chase & Co. (JPM)
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.
On September 19, JPM announced a quarterly dividend of $1.05.
This is a 5.0% increase from the prior dividend of $1.00.
Payable October 31 for shareholders of record October 6 ex-div October 5.
American Tower Corporation (AMT)
American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of nearly 226,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
On September 20, AMT announced a quarterly dividend of $1.62.
This is a 3.2% increase from the prior dividend of $1.57.
Payable October 27 for shareholders of record October 11 ex-div October 10.
Starbucks Corporation (SBUX)
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company was founded in 1971 and is based in Seattle, Washington.
On September 20, SBUX announced a quarterly dividend of $0.57.
This is a 7.5% increase from the prior dividend of $0.53.
Payable November 24 for shareholders of record November 10 ex-div November 8.
Emera Incorporated (TSE:EMA)
Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments. It generates electricity through coal-fired, natural gas and/or oil, hydro, wind, solar, petroleum coke, and biomass-fueled power plants. The company was incorporated in 1998 and is headquartered in Halifax, Canada.
On September 20, EMA announced a quarterly dividend of C$0.7175.
This is a 4.0% increase from the prior dividend of C$0.69.
Payable November 15 for shareholders of record November 1 ex-div October 31.
Texas Instruments Incorporated (TXN)
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. Texas Instruments Incorporated was founded in 1930 and is headquartered in Dallas, Texas.
On September 21, TXN announced a quarterly dividend of $1.30.
This is a 4.8% increase from the prior dividend of $1.24.
Payable November 14 for shareholders of record October 31 ex-div October 30.
Shoe Carnival, Inc. (SCVL)
Shoe Carnival, Inc., together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also sells its products through online shopping at shoecarnival.com, as well as through mobile application. Shoe Carnival, Inc. was founded in 1978 and is headquartered in Evansville, Indiana.
On September 21, SCVL announced a quarterly dividend of $0.12.
This is a 20.0% increase from the prior dividend of $0.10.
Payable October 17 for shareholders of record October 3 ex-div October 2.
Archive of Dividend Increases
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