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 second 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.
Ecolab Inc. (ECL)
Ecolab Inc. provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. Ecolab Inc. was founded in 1923 and is headquartered in Saint Paul, Minnesota.
On December 7, ECL announced a quarterly dividend of $0.57.
This is a 7.5% increase from the prior dividend of $0.53.
Payable January 16 for shareholders of record December 19 ex-div December 18.
Owens Corning (OC)
Owens Corning engages in manufacture and sale of insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, Latin America, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The company was incorporated in 1938 and is headquartered in Toledo, Ohio.
On December 7, OC announced a quarterly dividend of $0.60.
This is a 15.4% increase from the prior dividend of $0.52.
Payable January 19 for shareholders of record January 8 ex-div January 5.
Universal Health Realty Income Trust (UHT)
Universal Health Realty Income Trust, a real estate investment trust, invests in healthcare and human-service related facilities including acute care hospitals, behavioral health care hospitals, specialty facilities, medical/office buildings, free-standing emergency departments and childcare centers. We have investments or commitments in seventy-six properties located in twenty-one states.
On December 7, UHT announced a quarterly dividend of $0.725.
This is a 0.7% increase from the prior dividend of $0.72.
Payable December 29 for shareholders of record December 19 ex-div December 18.
CubeSmart (CUBE)
CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.
On December 7, CUBE announced a quarterly dividend of $0.51.
This is a 4.1% increase from the prior dividend of $0.49.
Payable January 16 for shareholders of record January 2 ex-div December 29.
W. P. Carey Inc. (WPC)
Celebrating its 50th anniversary, W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,413 net lease properties covering approximately 171 million square feet and a portfolio of 86 self-storage operating properties, pro forma for the Spin-Off of NLOP, as of September 30, 2023. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U.S. and Northern and Western Europe, under long-term net leases with built-in rent escalations.
On December 7, WPC announced a quarterly dividend of $0.86.
This is a 19.6% decrease from the prior dividend of $1.07.
Payable January 16 for shareholders of record December 29 ex-div December 28.
Hillenbrand, Inc. (HI)
Hillenbrand, Inc. operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The company was founded in 1906 and is headquartered in Batesville, Indiana.
On December 7, HI announced a quarterly dividend of $0.2225.
This is a 1.1% increase from the prior dividend of $0.22.
Payable December 29 for shareholders of record December 15 ex-div December 14.
Zoetis Inc. (ZTS)
Zoetis Inc. discovers, develops, manufactures, and commercializes animal health medicines, vaccines, and diagnostic products in the United States and internationally. It commercializes products primarily across species, including livestock, such as cattle, swine, poultry, fish, and sheep and others; and companion animals comprising dogs, cats, and horses. The company was founded in 1952 and is headquartered in Parsippany, New Jersey.
On December 7, ZTS announced a quarterly dividend of $0.432.
This is a 14.9% increase from the prior dividend of $0.376.
Payable March 1 for shareholders of record January 19 ex-div January 18.
Canadian Western Bank (TSE:CWB)
Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, notice, cash management, US dollar, and chequing accounts, as well as organization, business trust, and trust fund investment accounts. Canadian Western Bank was founded in 1984 and is headquartered in Edmonton, Canada.
On December 8, CWB announced a quarterly dividend of C$0.34.
This is a 3.0% increase from the prior dividend of C$0.33.
Payable January 4 for shareholders of record December 21 ex-div December 20.
Invitation Homes Inc. (INVH)
Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, "Together with you, we make a house a home," reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.
On December 8, INVH announced a quarterly dividend of $0.28.
This is a 7.7% increase from the prior dividend of $0.26.
Payable January 19 for shareholders of record December 27 ex-div December 26.
DTE Energy Company (DTE)
DTE Energy Company engages in the utility operations. The company’s Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. The company was founded in 1903 and is based in Detroit, Michigan.
On December 8, DTE announced a quarterly dividend of $1.02.
This is a 7.1% increase from the prior dividend of $0.9525.
Payable January 15 for shareholders of record December 18 ex-div December 15.
Eli Lilly and Company (LLY)
Eli Lilly and Company discovers, develops, and markets human pharmaceuticals worldwide. Eli Lilly and Company was founded in 1876 and is headquartered in Indianapolis, Indiana.
On December 8, LLY announced a quarterly dividend of $1.30.
This is a 15.0% increase from the prior dividend of $1.13.
Payable March 8 for shareholders of record February 15 ex-div February 14.
Albany International Corp. (AIN)
Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The company was incorporated in 1895 and is headquartered in Rochester, New Hampshire.
On December 8, AIN announced a quarterly dividend of $0.26.
This is a 4.0% increase from the prior dividend of $0.25.
Payable January 8 for shareholders of record December 19 ex-div December 18.
Archive of Dividend Increases
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