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, 6 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.
Alliant Energy Corporation (LNT)
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. Alliant Energy Corporation was incorporated in 1981 and is headquartered in Madison, Wisconsin.
On January 12, LNT announced a quarterly dividend of $0.48.
This is a 6.1% increase from the prior dividend of $0.4525.
Payable February 15 for shareholders of record January 31ex-div January 30.
Mercantile Bank Corporation (MBWM)
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
On January 16, MBWM announced a quarterly dividend of $0.35.
This is a 2.9% increase from the prior dividend of $0.34.
Payable March 13 for shareholders of record March 1 ex-div February 29.
Enterprise Bancorp, Inc. (EBTC)
Enterprise Bancorp, Inc. operates as the holding company of Enterprise Bank and Trust Company that provides commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit. The company was founded in 1989 and is headquartered in Lowell, Massachusetts.
On January 16, EBTC announced a quarterly dividend of $0.24.
This is a 4.3% increase from the prior dividend of $0.23.
Payable March 1 for shareholders of record March 9 ex-div March 8.
Fastenal Company (FAST)
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.
On January 17, FAST announced a quarterly dividend of $0.39.
This is a 2.6% increase from the prior dividend of $0.38.
Payable February 29 for shareholders of record February 1 ex-div January 31.
Graham Holdings Company (GHC)
Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides test preparation services and materials; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global; operations support services for online courses and programs; training and test preparation services for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates colleges, business school, higher education institution, and an online learning institution. Graham Holdings Company was founded in 1877 and is based in Arlington, Virginia.
On January 18, GHC announced a quarterly dividend of $1.72.
This is a 4.2% increase from the prior dividend of $1.65.
Payable February 15 for shareholders of record February 1 ex-div January 31.
J.B. Hunt Transport Services, Inc. (JBHT)
J.B. Hunt Transport Services, Inc. provides surface transportation, delivery, and logistic services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The company was incorporated in 1961 and is headquartered in Lowell, Arkansas.
On January 18, JBHT announced a quarterly dividend of $0.43.
This is a 2.4% increase from the prior dividend of $0.42.
Payable February 23 for shareholders of record February 9 ex-div February 8.
Archive of Dividend Increases
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