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, 22 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period. 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.
The AES Corporation (AES)
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The AES Corporation was incorporated in 1981 and is headquartered in Arlington, Virginia.
On December 8, AES announced a quarterly dividend of $0.1725.
This is a 4.0% increase from the prior dividend of $0.1659.
Payable February 15 for shareholders of record February 1 ex-div January 31.
Pentair plc (PNR)
Pentair plc provides various water solutions worldwide. The company operates through three segments: Pool, Water Solutions, Industrial & Flow Technologies. It designs, manufactures, and sells residential and commercial pool equipment and accessories. The company was founded in 1966 and is headquartered in London, the United Kingdom.
On December 11, PNR announced a quarterly dividend of $0.23.
This is a 4.5% increase from the prior dividend of $0.22.
Payable February 2 for shareholders of record January 19 ex-div January 18.
Waste Management, Inc. (WM)
Waste Management, Inc., through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity. Waste Management, Inc. was incorporated in 1987 and is headquartered in Houston, Texas.
On December 11, WM announced boost in the planned quarterly dividend rate to $0.75.
This is a 7.1% increase from the prior dividend of $0.70.
Shareholders can expect the first increased dividend payout in March 2024.
WD-40 Company (WDFC)
WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. WD-40 Company was founded in 1953 and is headquartered in San Diego, California.
On December 12, WDFC announced a quarterly dividend of $0.88.
This is a 6.0% increase from the prior dividend of $0.83.
Payable January 31 for shareholders of record January 19 ex-div January 18.
Amgen Inc. (AMGN)
Amgen Inc. discovers, develops, manufactures, and delivers human therapeutics worldwide. It focuses on inflammation, oncology/hematology, bone health, cardiovascular disease, nephrology, and neuroscience areas. Amgen Inc. was incorporated in 1980 and is headquartered in Thousand Oaks, California.
On December 12, AMGN announced a quarterly dividend of $2.25.
This is a 5.6% increase from the prior dividend of $2.13.
Payable March 7 for shareholders of record February 16 ex-div February 15.
Mid-America Apartment Communities, Inc. (MAA)
MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States. As of June 30, 2023, MAA had ownership interest in 101,986 apartment units, including communities currently in development, across 16 states and the District of Columbia.
On December 12, MAA announced a quarterly dividend of $1.47.
This is a 5.0% increase from the prior dividend of $1.40.
Payable January 31 for shareholders of record January 12 ex-div January 11.
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 13,250 real estate properties primarily owned under long-term net lease agreements with commercial clients.
On December 12, O announced a monthly dividend of $0.2565.
This is a 0.2% increase from the prior dividend of $0.256.
Payable January 12 for shareholders of record January 2 ex-div December 29.
The Toro Company (TTC)
The Toro Company provides innovative solutions for the outdoor environment worldwide. It operates through two segments Professional and Residential. The Toro Company was founded in 1914 and is headquartered in Bloomington, Minnesota.
On December 12, TTC announced a quarterly dividend of $0.36.
This is a 5.9% increase from the prior dividend of $0.34.
Payable January 11 for shareholders of record December 27 ex-div December 26.
U.S. Bancorp (USB)
U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. U.S. Bancorp was founded in 1863 and is headquartered in Minneapolis, Minnesota.
On December 12, USB announced a quarterly dividend of $0.49.
This is a 2.1% increase from the prior dividend of $0.48.
Payable January 16 for shareholders of record December 29 ex-div December 28.
Franklin Resources, Inc. (BEN)
Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California.
On December 12, BEN announced a quarterly dividend of $0.31.
This is a 3.3% increase from the prior dividend of $0.30.
Payable January 12 for shareholders of record January 3 ex-div January 2.
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.
On December 14, NWFL announced a quarterly dividend of $0.30.
This is a 3.4% increase from the prior dividend of $0.29.
Payable February 1 for shareholders of record January 12 ex-div January 11.
Archive of Dividend Increases
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