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.
Lincoln Electric Holdings, Inc. (LECO)
Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company was founded in 1895 and is headquartered in Cleveland, Ohio.
On October 17, LECO announced a quarterly dividend of $0.71.
This is a 10.9% increase from the prior dividend of $0.64.
Payable January 12 for shareholders of record December 31 ex-div December 28.
Stepan Company (SCL)
Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. It operates through three segments: Surfactants, Polymers, and Specialty Products. Stepan Company was founded in 1932 and is headquartered in Northbrook, Illinois.
On October 18, SCL announced a quarterly dividend of $0.375.
This is a 2.7% increase from the prior dividend of $0.365.
Payable December 15 for shareholders of record November 30 ex-div November 29.
Armstrong World Industries, Inc. (AWI)
Armstrong World Industries, Inc., together with its subsidiaries, designs, manufactures, and sells ceiling and wall systems in the United States, Canada, and Latin America. It operates through Mineral Fiber and Architectural Specialties segments. Armstrong World Industries, Inc. was founded in 1860 and is headquartered in Lancaster, Pennsylvania.
On October 18, AWI announced a quarterly dividend of $0.28.
This is a 10.2% increase from the prior dividend of $0.254.
Payable November 16 for shareholders of record November 2 ex-div November 1.
Pinnacle West Capital Corporation (PNW)
Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities, as well as owns and maintains transmission and distribution substations. The company was incorporated in 1985 and is headquartered in Phoenix, Arizona.
On October 18, PNW announced a quarterly dividend of $0.88.
This is a 1.7% increase from the prior dividend of $0.865.
Payable December 1 for shareholders of record November 1 ex-div October 31.
Brown & Brown, Inc. (BRO)
Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. Brown & Brown, Inc. was founded in 1939 and is headquartered in Daytona Beach, Florida.
On October 18, BRO announced a quarterly dividend of $0.13.
This is a 13.0% increase from the prior dividend of $0.115.
Payable November 15 for shareholders of record November 1 ex-div October 31.
Prosperity Bancshares, Inc. (PB)
Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company was founded in 1983 and is based in Houston, Texas.
On October 18, PB announced a quarterly dividend of $0.56.
This is a 1.8% increase from the prior dividend of $0.55.
Payable January 2 for shareholders of record December 15 ex-div December 14.
Fidelity D & D Bancorp, Inc. (FDBC)
Fidelity D & D Bancorp, Inc. operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers. The company was founded in 1902 and is headquartered in Dunmore, Pennsylvania.
On October 19, FDBC announced a quarterly dividend of $0.38.
This is a 5.6% increase from the prior dividend of $0.36.
Payable December 8 for shareholders of record November 17 ex-div November 16.
1st Source Corporation (SRCE)
1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.
On October 19, SRCE announced a quarterly dividend of $0.34.
This is a 6.3% increase from the prior dividend of $0.32.
Payable November 15 for shareholders of record November 6 ex-div November 3.
Middlesex Water Company (MSEX)
Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
On October 20, MSEX announced a quarterly dividend of $0.325.
This is a 4.0% increase from the prior dividend of $0.3125.
Payable December 1 for shareholders of record November 16 ex-div November 15.
Archive of Dividend Increases
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