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, 14 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.
Hormel Foods Corporation (HRL)
Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.
On November 20, HRL announced a quarterly dividend of $0.2825.
This is a 2.7% increase from the prior dividend of $0.275.
Payable February 15 for shareholders of record January 16 ex-div January 12.
United Bancorp, Inc. (UBCP)
United Bancorp, Inc. operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. It provides range of banking and financial services, which includes accepting demand, savings, and time deposits; and offers commercial, real estate and consumer loans. United Bancorp, Inc. was founded in 1902 and is headquartered in Martins Ferry, Ohio.
On November 22, UBCP announced a quarterly dividend of $0.17.
This is a 1.5% increase from the prior dividend of $0.1675.
Payable December 20 for shareholders of record December 8 ex-div December 7.
Merck & Co., Inc. (MRK)
Merck & Co., Inc. operates as a healthcare company worldwide. It operates through two segments, Pharmaceutical and Animal Health. Merck & Co., Inc. was founded in 1891 and is headquartered in Rahway, New Jersey.
On November 28, MRK announced a quarterly dividend of $0.77.
This is a 5.5% increase from the prior dividend of $0.73.
Payable January 8 for shareholders of record December 15 ex-div December 14.
RGC Resources, Inc. (RGCO)
RGC Resources, Inc., through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. The company also provides various unregulated services. RGC Resources, Inc. was founded in 1883 and is based in Roanoke, Virginia.
On November 28, RGCO announced a quarterly dividend of $0.20.
This is a 1.3% increase from the prior dividend of $0.1975.
Payable February 1 for shareholders of record January 17 ex-div January 16.
McCormick & Company, Incorporated (MKC)
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. McCormick & Company, Incorporated was founded in 1889 and is headquartered in Hunt Valley, Maryland.
On November 28, MKC announced a quarterly dividend of $0.42.
This is a 7.7% increase from the prior dividend of $0.39.
Payable January 8 for shareholders of record December 29 ex-div December 28.
Enbridge Inc. (TSE:ENB)
Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
On November 29, ENB announced a quarterly dividend of C$0.915.
This is a 3.1% increase from the prior dividend of C$0.8875.
Payable March 1 for shareholders of record February 15 ex-div February 14.
ChoiceOne Financial Services, Inc. (COFS)
ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits, safe deposit, and automated transaction machine services. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.
On November 29, COFS announced a quarterly dividend of $0.27.
This is a 3.8% increase from the prior dividend of $0.26.
Payable December 29 for shareholders of record December 15 ex-div December 14.
Canadian Imperial Bank of Commerce (TSE:CM)
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; Capital Markets and Direct Financial Services; and Corporate and Other segments. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.
On November 30, CM announced a quarterly dividend of C$0.9.
This is a 3.4% increase from the prior dividend of C$0.87.
Payable January 29 for shareholders of record December 28 ex-div December 27.
Royal Bank of Canada (TSE:RY)
Royal Bank of Canada operates as a diversified financial service company worldwide. The company’s Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. The company was founded in 1864 and is headquartered in Toronto, Canada.
On November 30, RY announced a quarterly dividend of C$1.38.
This is a 2.2% increase from the prior dividend of C$1.35.
Payable February 23 for shareholders of record January 25 ex-div January 24.
The Toronto-Dominion Bank (TSE:TD)
The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.
On November 30, TD announced a quarterly dividend of C$1.02.
This is a 6.3% increase from the prior dividend of C$0.96.
Payable January 31 for shareholders of record January 10 ex-div January 9.
Global Water Resources, Inc. (GWRS)
Global Water Resources, Inc., a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It served approximately 74,000 people in approximately 29,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.
On November 30, GWRS announced a monthly dividend of $0.0251.
This is a 1.2% increase from the prior dividend of $0.0248.
Payable December 28 for shareholders of record December 14 ex-div December 13.
Raymond James Financial, Inc. (RJF)
Raymond James Financial, Inc., a diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe. Raymond James Financial, Inc. was founded in 1962 and is headquartered in Saint Petersburg, Florida.
On November 30, RJF announced a quarterly dividend of $0.45.
This is a 7.1% increase from the prior dividend of $0.42.
Payable January 16 for shareholders of record January 2 ex-div December 29.
National Bank of Canada (TSE:NA)
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. National Bank of Canada was founded in 1859 and is based in Montreal, Canada.
On December 1, NA announced a quarterly dividend of C$1.06.
This is a 3.9% increase from the prior dividend of C$1.02.
Payable February 1 for shareholders of record December 25 ex-div December 21.
Graco Inc. (GGG)
Graco Inc. designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The company was incorporated in 1926 and is headquartered in Minneapolis, Minnesota.
On December 1, GGG announced a quarterly dividend of $0.255.
This is an 8.5% increase from the prior dividend of $0.235.
Payable February 7 for shareholders of record January 22 ex-div January 19.
Archive of Dividend Increases
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