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, 24 companies announced dividend increases and one announced a dividend cut. 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.
Alexandria Real Estate Equities, Inc. (ARE)
As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. The trusted partner to over 800 tenants, Alexandria has a total market capitalization of $28.3 billion and an asset base in North America of 75.1 million SF as of September 30, 2023.
On December 4, ARE announced a quarterly dividend of $1.27.
This is a 2.4% increase from the prior dividend of $1.24.
Payable January 12 for shareholders of record December 29 ex-div December 28.
Essential Properties Realty Trust, Inc. (EPRT)
Essential Properties Realty Trust, Inc., a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis. As of December 31, 2021, it had a portfolio of 1, 451 properties. The company was founded in 2016 and is headquartered in Princeton, New Jersey.
On December 4, EPRT announced a quarterly dividend of $0.285.
This is a 1.8% increase from the prior dividend of $0.28.
Payable January 12 for shareholders of record December 29 ex-div December 28.
The Hanover Insurance Group, Inc. (THG)
The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.
On December 4, THG announced a quarterly dividend of $0.85.
This is a 4.9% increase from the prior dividend of $0.81.
Payable December 29 for shareholders of record December 15 ex-div December 14.
Stryker Corporation (SYK)
Stryker Corporation operates as a medical technology company. The company operates through two segments, MedSurg and Neurotechnology, and Orthopaedics and Spine. Stryker Corporation was founded in 1941 and is headquartered in Kalamazoo, Michigan.
On December 5, SYK announced a quarterly dividend of $0.80.
This is a 6.7% increase from the prior dividend of $0.75.
Payable January 31 for shareholders of record December 29 ex-div December 28.
Mastercard Incorporated (MA)
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services. Mastercard Incorporated was founded in 1966 and is headquartered in Purchase, New York.
On December 5, MA announced a quarterly dividend of $0.66.
This is a 15.8% increase from the prior dividend of $0.57.
Payable February 9 for shareholders of record January 9 ex-div January 8.
Hooker Furnishings Corporation (HOFT)
Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. The company’s Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand. Hooker Furnishings Corporation was incorporated in 1924 and is headquartered in Martinsville, Virginia.
On December 5, HOFT announced a quarterly dividend of $0.23.
This is a 4.5% increase from the prior dividend of $0.22.
Payable December 29 for shareholders of record December 15 ex-div December 14.
Balchem Corporation (BCPC)
Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the nutritional, food, pharmaceutical, animal health, medical device sterilization, plant nutrition, and industrial markets in the United States and internationally. The company sells its products through sales force, independent distributors, and sales agents. Balchem Corporation was incorporated in 1967 and is headquartered in Montvale, New Jersey.
On December 5, BCPC announced an annual dividend of $0.79.
This is an 11.3% increase from the prior dividend of $0.71.
Payable January 19 for shareholders of record December 27 ex-div December 26.
PNM Resources, Inc. (PNM)
PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. PNM Resources, Inc. was founded in 1882 and is headquartered in Albuquerque, New Mexico.
On December 5, PNM announced a quarterly dividend of $0.3875.
This is a 5.4% increase from the prior dividend of $0.3675.
Payable February 16 for shareholders of record February 2 ex-div February 1.
Quanta Services, Inc. (PWR)
Quanta Services, Inc. provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries worldwide. The company was formerly known as Fabal Construction, Inc. and changed its name to Quanta Services, Inc. in November 1997. Quanta Services, Inc. was incorporated in 1997 and is headquartered in Houston, Texas.
On December 6, PWR announced a quarterly dividend of $0.09.
This is a 12.5% increase from the prior dividend of $0.08.
Payable January 12 for shareholders of record January 2 ex-div December 29.
Eastman Chemical Company (EMN)
Eastman Chemical Company operates as a specialty materials company in the United States and internationally. The company’s Additives & Functional Products segment offers hydrocarbon resins; organic acid-based solutions; amine derivative-based building blocks; metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators; specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; heat transfer and aviation fluids; insoluble sulfur and anti-degradant rubber additives; and performance resins. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.
On December 6, EMN announced a quarterly dividend of $0.81.
This is a 2.5% increase from the prior dividend of $0.79.
Payable January 5 for shareholders of record December 18 ex-div December 15.
Bristol-Myers Squibb Company (BMY)
Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. It offers products for hematology, oncology, cardiovascular, immunology, fibrotic, and neuroscience diseases. The company was formerly known as Bristol-Myers Company. The company was founded in 1887 and is headquartered in New York, New York.
On December 6, BMY announced a quarterly dividend of $0.60.
This is a 5.3% increase from the prior dividend of $0.57.
Payable February 1 for shareholders of record January 5 ex-div January 4.
Erie Indemnity Company (ERIE)
Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.
On December 6, ERIE announced a quarterly dividend of $1.275.
This is a 7.1% increase from the prior dividend of $1.19.
Payable January 23 for shareholders of record January 8 ex-div January 5.
Broadcom Inc. (AVGO)
Broadcom Inc. designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software. Broadcom Inc. was incorporated in 2018 and is headquartered in San Jose, California.
On December 7, AVGO announced a quarterly dividend of $5.25.
This is a 14.1% increase from the prior dividend of $4.60.
Payable December 29 for shareholders of record December 20 ex-div December 19.
Archive of Dividend Increases
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