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, 38 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.
CNA Financial Corporation (CNA)
CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company was founded in 1853 and is based in Chicago, Illinois. CNA Financial Corporation operates as a subsidiary of Loews Corporation.
On February 5, CNA announced a quarterly dividend of $0.44.
This is a 4.8% increase from the prior dividend of $0.42.
Payable March 7 for shareholders of record February 20 ex-div February 16.
FirstService Corporation (FSV)
FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. The company operates in two segments, FirstService Residential and FirstService Brands. FirstService Corporation was founded in 1989 and is headquartered in Toronto, Canada.
On February 5, FSV announced a quarterly dividend of $0.25.
This is a 11.1% increase from the prior dividend of $0.225.
Payable April 5 for shareholders of record March 29 ex-div march 28.
UFP Industries, Inc. (UFPI)
UFP Industries, Inc., through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The company was formerly known as Universal Forest Products, Inc. and changed its name to UFP Industries, Inc. in April 2020. UFP Industries, Inc. was incorporated in 1955 and is headquartered in Grand Rapids, Michigan.
On February 5, UFPI announced a quarterly dividend of $0.33.
This is a 10.0% increase from the prior dividend of $0.30.
Payable March 15 for shareholders of record March 1 ex-div February 29.
Rexford Industrial Realty, Inc. (REXR)
Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial's high-quality, irreplaceable portfolio comprises 371 properties with approximately 45.0 million rentable square feet occupied by a stable and diverse tenant base.
On February 5, REXR announced a quarterly dividend of $0.4175.
This is a 10.0% increase from the prior dividend of $0.3395.
Payable March 15 for shareholders of record March 28 ex-div March 27.
Kforce Inc. (KFRC)
Kforce Inc. provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The company was founded in 1962 and is headquartered in Tampa, Florida.
On February 5, KFRC announced a quarterly dividend of $0.38.
This is a 5.6% increase from the prior dividend of $0.36.
Payable March 29 for shareholders of record March 15 ex-div March 14.
Otter Tail Corporation (OTTR)
Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. The company’s Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator, Inc. markets. This segment generates electricity through coal, wind and hydro, and natural gas. Otter Tail Corporation was founded in 1907 and is headquartered in Fergus Falls, Minnesota.
On February 5, OTTR announced a quarterly dividend of $0.4675.
This is a 6.9% increase from the prior dividend of $0.4375.
Payable March 8 for shareholders of record February 15 ex-div February 14.
Xylem Inc. (XYL)
Xylem Inc., together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. Xylem Inc. was incorporated in 2011 and is headquartered in Washington, District of Columbia.
On February 6, XYL announced a quarterly dividend of $0.36.
This is a 9.1% increase from the prior dividend of $0.33.
Payable March 20 for shareholders of record February 21 ex-div February 20.
Tractor Supply Company (TSCO)
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use. The company was founded in 1938 and is based in Brentwood, Tennessee.
On February 6, TSCO announced a quarterly dividend of $1.10.
This is a 6.8% increase from the prior dividend of $1.03.
Payable March 12 for shareholders of record February 26 ex-div February 23.
Prudential Financial, Inc. (PRU)
Prudential Financial, Inc., together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, and International Businesses segments. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.
On February 6, PRU announced a quarterly dividend of $1.30.
This is a 4.0% increase from the prior dividend of $1.25.
Payable March 14 for shareholders of record February 20 ex-div February 19.
RenaissanceRe Holdings Ltd. (RNR)
RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda.
On February 6, RNR announced a quarterly dividend of $0.39.
This is a 2.6% increase from the prior dividend of $0.38.
Payable March 29 for shareholders of record March 15 ex-div March 14.
Gilead Sciences, Inc. (GILD)
Gilead Sciences, Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally. The company was incorporated in 1987 and is headquartered in Foster City, California.
On February 6, GILD announced a quarterly dividend of $0.77.
This is a 2.7% increase from the prior dividend of $0.75.
Payable March 28 for shareholders of record March 15 ex-div March 14.
3M Company (MMM)
3M Company provides diversified technology services in the United States and internationally. The company operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. 3M Company was founded in 1902 and is headquartered in Saint Paul, Minnesota.
On February 6, MMM announced a quarterly dividend of $1.51.
This is a 0.7% increase from the prior dividend of $1.50.
Payable March 12 for shareholders of record February 16 ex-div February 15.
Midland States Bancorp, Inc. (MSBI)
Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company was founded in 1881 and is headquartered in Effingham, Illinois.
On February 6, MSBI announced a quarterly dividend of $0.31.
This is a 3.3% increase from the prior dividend of $0.30.
Payable February 23 for shareholders of record February 16 ex-div February 15.
Equity LifeStyle Properties, Inc. (ELS)
We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.
On February 6, ELS announced a quarterly dividend of $0.4775.
This is a 6.7% increase from the prior dividend of $0.4475.
Payable April 12 for shareholders of record March 28 ex-div March 27.
Amdocs Limited (DOX)
Amdocs Limited, through its subsidiaries, provides software and services worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. The company provides CES23, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services. Amdocs Limited was founded in 1988 and is headquartered in Saint Louis, Missouri.
On February 6, DOX announced a quarterly dividend of $0.479.
This is a 10.1% increase from the prior dividend of $0.435.
Payable April 26 for shareholders of record March 29 ex-div March 28.
The New York Times Company (NYT)
The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. It offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com website.
On February 7, NYT announced a quarterly dividend of $0.13.
This is a 10.1% increase from the prior dividend of $0.11.
Payable April 18 for shareholders of record April 2 ex-div April 1.
Monolithic Power Systems, Inc. (MPWR)
Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer markets. Monolithic Power Systems, Inc. was incorporated in 1997 and is based in Kirkland, Washington.
On February 7, MPWR announced a quarterly dividend of $1.25.
This is a 25.0% increase from the prior dividend of $1.00.
Payable April 15 for shareholders of record March 29 ex-div March 28.
CSG Systems International, Inc. (CSGS)
CSG Systems International, Inc. provides revenue management and digital monetization, customer engagement, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was incorporated in 1994 and is headquartered in Englewood, Colorado.
On February 7, CSGS announced a quarterly dividend of $0.30.
This is a 7.1% increase from the prior dividend of $0.28.
Payable March 28 for shareholders of record March 15 ex-div March 14.
First Industrial Realty Trust, Inc. (FR)
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. Our portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. In total, we own and have under development approximately 69.4 million square feet of industrial space as of September 30, 2023.
On February 7, FR announced a quarterly dividend of $0.37.
This is a 15.6% increase from the prior dividend of $0.32.
Payable April 15 for shareholders of record March 28 ex-div March 27.
Archive of Dividend Increases
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