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, 28 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.
German American Bancorp, Inc. (GABC)
German American Bancorp, Inc. operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. German American Bancorp, Inc. was founded in 1910 and is based in Jasper, Indiana.
On January 29, GABC announced a quarterly dividend of $0.27.
This is an 8.0% increase from the prior dividend of $0.25.
Payable February 20 for shareholders of record February 10 ex-div February 8.
First Business Financial Services, Inc. (FBIZ)
First Business Financial Services, Inc. operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals. The company was founded in 1909 and is headquartered in Madison, Wisconsin.
On January 29, FBIZ announced a quarterly dividend of $0.25.
This is a 9.9% increase from the prior dividend of $0.2275.
Payable February 21 for shareholders of record February 8 ex-div February 7.
Hess Midstream LP (HESM)
Hess Midstream LP owns, develops, operates, and acquires midstream assets. The company operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.
On January 29, HESM announced a quarterly dividend of $0.6343.
This is a 2.7% increase from the prior dividend of $0.6175.
Payable February 14 for shareholders of record February 8 ex-div February 7.
Elevance Health, Inc. (ELV)
Elevance Health, Inc. operates as a health benefits company. The company operates through four segments: Commercial & Specialty Business, Government Business, CarelonRx, and Other. It supports consumers, families, and communities across the entire care journey connecting to the care, support, and resources to lead healthier lives. Elevance Health, Inc. was founded in 1944 and is based in Indianapolis, Indiana.
On January 24, ELV announced a quarterly dividend of $1.63.
This is a 10.1% increase from the prior dividend of $1.48.
Payable March 22 for shareholders of record March 8 ex-div March 7.
United Parcel Service, Inc. (UPS)
United Parcel Service, Inc., a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia.
On January 30, UPS announced a quarterly dividend of $1.63.
This is a 0.6% increase from the prior dividend of $1.62.
Payable March 8 for shareholders of record February 20 ex-div February 16.
Oshkosh Corporation (OSK)
Oshkosh Corporation designs, manufacture, and markets specialty trucks and access equipment vehicles worldwide. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts. The company was founded in 1917 and is headquartered in Oshkosh, Wisconsin.
On January 30, OSK announced a quarterly dividend of $0.46.
This is a 12.2% increase from the prior dividend of $0.41.
Payable February 29 for shareholders of record February 15 ex-div February 14.
The Williams Companies, Inc. (WMB)
The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Williams Companies, Inc. was founded in 1908 and is headquartered in Tulsa, Oklahoma.
On January 30, WMB announced a quarterly dividend of $0.475.
This is a 6.1% increase from the prior dividend of $0.4475.
Payable March 25 for shareholders of record March 8 ex-div March 7.
T. Rowe Price Group, Inc. (TROW)
T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland.
On January 30, TROW announced a quarterly dividend of $1.24.
This is a 1.6% increase from the prior dividend of $1.22.
Payable March 28 for shareholders of record March 15 ex-div March 14.
Franco-Nevada Corporation (FNV)
Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids. The company was founded in 1986 and is headquartered in Toronto, Canada.
On January 30, FNV announced a quarterly dividend of $0.36.
This is a 5.9% increase from the prior dividend of $0.34.
Payable March 28 for shareholders of record March 14 ex-div March 13.
Metro Inc. (TSE:MRU)
Metro Inc., through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries. The company was founded in 1947 and is headquartered in Montréal, Canada.
On January 29, MRU announced a quarterly dividend of C$0.335.
This is a 10.7% increase from the prior dividend of C$0.3025.
Payable March 12 for shareholders of record March 15 ex-div March 14.
Old Dominion Freight Line, Inc. (ODFL)
Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.
On January 31, ODFL announced a quarterly dividend of $0.52.
This is a 30.0% increase from the prior dividend of $0.40.
Payable March 20 for shareholders of record March 6 ex-div March 5.
Schneider National, Inc. (SNDR)
Schneider National, Inc., together with its subsidiaries, engages in the provision of surface transportation and logistics solutions in the United States, Canada, and Mexico. The company operates through three segments: Truckload, Intermodal, and Logistics. The company was founded in 1935 and is headquartered in Green Bay, Wisconsin.
On January 31, SNDR announced a quarterly dividend of $0.095.
This is a 5.6% increase from the prior dividend of $0.09.
Payable April 9 for shareholders of record March 8 ex-div March 7.
FB Financial Corporation (FBK)
FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in segments, such as Banking and Mortgage. It offers checking, demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits and certificates of deposits, as well as residential mortgage loans. FB Financial Corporation was founded in 1906 and is headquartered in Nashville, Tennessee.
On January 31, FBK announced a quarterly dividend of $0.17.
This is a 13.3% increase from the prior dividend of $0.15.
Payable February 27 for shareholders of record February 13 ex-div February 12.
Unitil Corporation (UTL)
Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through two segments, Utility Electric Operations, Utility Gas Operations. Unitil Corporation was incorporated in 1984 and is headquartered in Hampton, New Hampshire.
On January 31, UTL announced a quarterly dividend of $0.425.
This is a 4.9% increase from the prior dividend of $0.405.
Payable February 29 for shareholders of record February 14 ex-div February 13.
Archive of Dividend Increases
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