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, 5 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.
ServisFirst Bancshares, Inc. (SFBS)
ServisFirst Bancshares, Inc. operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. It accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. ServisFirst Bancshares, Inc. was founded in 2005 and is headquartered in Birmingham, Alabama.
On December 19, SFBS announced a quarterly dividend of $0.30.
This is a 7.1% increase from the prior dividend of $0.28.
Payable January 8 for shareholders of record January 2 ex-div December 29.
First Farmers Financial Corporation (FFMR)
First Farmers Financial Corporation operates as the financial holding company for First Farmers Bank & Trust that provides banking products and services to individuals, families, and businesses. First Farmers Financial Corporation was founded in 1885 and is headquartered in Converse, Indiana.
On December 19, FFMR announced a quarterly dividend of $0.48.
This is a 2.1% increase from the prior dividend of $0.47.
Payable January 12 for shareholders of record December 29 ex-div December 28.
Fulton Financial Corporation (FULT)
Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. Fulton Financial Corporation was founded in 1882 and is headquartered in Lancaster, Pennsylvania.
On December 19, FULT announced a quarterly dividend of $0.17.
This is a 6.3% increase from the prior dividend of $0.16.
Payable January 12 for shareholders of record January 2 ex-div December 29.
Farmers & Merchants Bancorp, Inc. (FMAO)
Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.
On December 19, FMAO announced a quarterly dividend of $0.22.
This is a 4.8% increase from the prior dividend of $0.21.
Payable January 20 for shareholders of record December 29 ex-div December 28.
WEC Energy Group, Inc. (WEC)
WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. WEC Energy Group, Inc. was founded in 1896 and is headquartered in Milwaukee, Wisconsin.
On December 20, WEC announced a quarterly dividend of $0.835.
This is a 7.1% increase from the prior dividend of $0.78.
Payable March 1 for shareholders of record February 14 ex-div February 13.
Archive of Dividend Increases
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