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, 33 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.
Franklin Electric Co., Inc. (FELE)
Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates through three segments: Water Systems, Fueling Systems, and Distribution. Franklin Electric Co., Inc. was founded in 1944 and is headquartered in Fort Wayne, Indiana.
On January 22, FELE announced a quarterly dividend of $0.25.
This is an 11.1% increase from the prior dividend of $0.225.
Payable February 15 for shareholders of record February 1 ex-div January 31.
Park National Corporation (PRK)
Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in small and medium population areas. The company offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services for individual customers. Park National Corporation was founded in 1908 and is headquartered in Newark, Ohio.
On January 22, PRK announced a quarterly dividend of $1.06.
This is a 1.0% increase from the prior dividend of $1.06.
Payable March 8 for shareholders of record February 16 ex-div February 15.
Independent Bank Corporation (IBCP)
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities across Lower Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
On January 23, IBCP announced a quarterly dividend of $0.24.
This is a 4.3% increase from the prior dividend of $0.23.
Payable February 15 for shareholders of record February 5 ex-div February 2.
East West Bancorp, Inc. (EWBC)
East West Bancorp, Inc. operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other. The company was incorporated in 1998 and is headquartered in Pasadena, California.
On January 23, EWBC announced a quarterly dividend of $0.55.
This is a 14.6% increase from the prior dividend of $0.48.
Payable February 15 for shareholders of record February 2 ex-div February 1.
Canadian National Railway Company (TSE:CNR)
Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.
On January 23, CNR announced a quarterly dividend of C$0.845.
This is a 7.0% increase from the prior dividend of C$0.79.
Payable March 28 for shareholders of record March 7 ex-div March 6.
ONE Gas, Inc. (OGS)
ONE Gas, Inc., together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers. ONE Gas, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.
On January 23, OGS announced a quarterly dividend of $0.66.
This is a 1.5% increase from the prior dividend of $0.65.
Payable March 8 for shareholders of record February 23 ex-div February22.
S&P Global Inc. (SPGI)
S&P Global Inc., together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through six segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.
On January 23, SPGI announced a quarterly dividend of $0.91.
This is a 1.1% increase from the prior dividend of $0.90.
Payable March 12 for shareholders of record February 27 ex-div February 26.
Kimberly-Clark Corporation (KMB)
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company was founded in 1872 and is headquartered in Dallas, Texas.
On January 24, KMB announced a quarterly dividend of $1.22.
This is a 3.4% increase from the prior dividend of $1.18.
Payable April 2 for shareholders of record March 8 ex-div March 7.
Stifel Financial Corp. (SF)
Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, the rest of Europe, and Canada. The company was founded in 1890 and is headquartered in St. Louis, Missouri.
On January 24, SF announced a quarterly dividend of $0.42.
This is a 16.8% increase from the prior dividend of $0.36.
The increase is effective from the first quarter of 2024.
Timberland Bancorp, Inc. (TSBK)
Timberland Bancorp, Inc. operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. Timberland Bancorp, Inc. was founded in 1915 and is headquartered in Hoquiam, Washington.
On January 22, TSBK announced a quarterly dividend of $0.24.
This is a 4.3% increase from the prior dividend of $0.23.
Payable February 23 for shareholders of record February 9 ex-div February 8.
Arthur J. Gallagher & Co. (AJG)
Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to businesses and organizations worldwide. It operates in Brokerage and Risk Management segments. The company was founded in 1927 and is headquartered in Rolling Meadows, Illinois.
On January 24, AJG announced a quarterly dividend of $0.60.
This is a 9.1% increase from the prior dividend of $0.55.
Payable March 15 for shareholders of record March 1 ex-div February 29.
Cadence Bank (CADE)
Cadence Bank provides commercial banking and financial services. Its products and services include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized and asset-based lending, commercial real estate, equipment financing, and correspondent banking services. Cadence Bank was incorporated in 1876 and is headquartered in Tupelo, Mississippi.
On January 24, CADE announced a quarterly dividend of $0.25.
This is a 6.4% increase from the prior dividend of $0.235.
Payable April 1 for shareholders of record March 15 ex-div March 14.
Yum! Brands, Inc. (YUM)
Yum! Brands, Inc., together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. Yum! Brands, Inc. was incorporated in 1997 and is headquartered in Louisville, Kentucky.
On January 24, YUM announced a quarterly dividend of $0.67.
This is a 10.7% increase from the prior dividend of $0.605.
Payable March 8 for shareholders of record February 21 ex-div February 20.
Republic Bancorp, Inc. (RBCAA)
Republic Bancorp, Inc., a financial holding company, provides various banking products and services in the United States. It operates in five segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. Republic Bancorp, Inc. was incorporated in 1974 and is headquartered in Louisville, Kentucky.
On January 24, RBCAA announced a quarterly dividend of $0.407.
This is an 8.8% increase from the prior dividend of $0.374.
Payable April 19 for shareholders of record March 15 ex-div March 14.
The First Bancshares, Inc. (FBMS)
The First Bancshares, Inc. operates as the bank holding company for The First Bank that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW, and savings accounts; other time deposits, such as daily money market accounts and longer-term certificates of deposit; and individual retirement and health savings accounts. The First Bancshares, Inc. was incorporated in 1995 and is headquartered in Hattiesburg, Mississippi.
On January 24, FBMS announced a quarterly dividend of $0.25.
This is a 4.2% increase from the prior dividend of $0.24.
Payable February 23 for shareholders of record February 7 ex-div February 6.
Colony Bankcorp, Inc. (CBAN)
Colony Bankcorp, Inc. operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and consumer customers. The company offers deposit products, including demand, savings, and time deposits. The company was founded in 1975 and is headquartered in Fitzgerald, Georgia.
On January 24, CBAN announced a quarterly dividend of $0.1125.
This is a 2.3% increase from the prior dividend of $0.11.
Payable February 21 for shareholders of record February 7 ex-div February 6.
Delek Logistics Partners, LP (DKL)
Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates through four segments: Gathering and Processing, Wholesale Marketing and Terminalling, Storage and Transportation, and Investment in Pipeline Joint Ventures. Delek Logistics Partners, LP was incorporated in 2012 and is headquartered in Brentwood, Tennessee. Delek Logistics Partners, LP operates as a subsidiary of Delek US Holdings, Inc.
On January 24, DKL announced a quarterly dividend of $1.055.
This is a 1.0% increase from the prior dividend of $1.045.
Payable February 12 for shareholders of record February 5 ex-div February 2.
Archive of Dividend Increases
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