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 second 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.
Allegion plc (ALLE)
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other. Allegion plc was incorporated in 2013 and is headquartered in Dublin, Ireland.
On February 7, ALLE announced a quarterly dividend of $0.48.
This is a 6.7% increase from the prior dividend of $0.45.
Payable March 29 for shareholders of record March 15 ex-div March 14.
Avista Corporation (AVA)
Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. Avista Corporation was incorporated in 1889 and is headquartered in Spokane, Washington.
On February 7, AVA announced a quarterly dividend of $0.475
This is a 3.3% increase from the prior dividend of $0.46.
Payable March 15 for shareholders of record February 23 ex-div February 22.
BCE Inc. (TSE:BCE)
BCE Inc., a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada.
On February 8, BCE announced a quarterly dividend of C$0.9975
This is a 3.1% increase from the prior dividend of C$0.9675.
Payable April 15 for shareholders of record March 15 ex-div March 14.
The Hershey Company (HSY)
The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. The company was founded in 1894 and is headquartered in Hershey, Pennsylvania.
On February 8, HSY announced a quarterly dividend of $1.37
This is a 14.9% increase from the prior dividend of $1.192.
Payable March 15 for shareholders of record February 20 ex-div February 16.
The Interpublic Group of Companies, Inc. (IPG)
The Interpublic Group of Companies, Inc. provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Interpublic Group of Companies, Inc. was founded in 1902 and is headquartered in New York, New York.
On February 8, IPG announced a quarterly dividend of $0.33
This is a 6.4% increase from the prior dividend of $0.31.
Payable March 15 for shareholders of record March 1 ex-div February 29.
Intercontinental Exchange, Inc. (ICE)
Intercontinental Exchange, Inc., together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.
On February 8, ICE announced a quarterly dividend of $0.45
This is a 7.1% increase from the prior dividend of $0.42.
Payable March 29 for shareholders of record March 15 ex-div March 14.
CME Group Inc. (CME)
CME Group Inc., together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services. CME Group Inc. was founded in 1898 and is headquartered in Chicago, Illinois.
On February 8, CME announced a quarterly dividend of $1.15
This is a 4.5% increase from the prior dividend of $1.10.
Payable March 26 for shareholders of record March 8 ex-div March 7.
Thomson Reuters Corporation (TRI)
Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. Thomson Reuters Corporation operates as a subsidiary of The Woodbridge Company Limited.
On February 8, TRI announced a quarterly dividend of $0.54
This is a 10.2% increase from the prior dividend of $0.49.
Payable March 8 for shareholders of record February 21 ex-div February 20.
ITT Inc. (ITT)
ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets worldwide. The company operates in three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. ITT Inc. was incorporated in 1920 and is headquartered in Stamford, Connecticut.
On February 8, ITT announced a quarterly dividend of $0.319
This is a 10.0% increase from the prior dividend of $0.29.
Payable April 1 for shareholders of record March 8 ex-div March 7.
Masco Corporation (MAS)
Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company’s Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components. Masco Corporation was incorporated in 1929 and is headquartered in Livonia, Michigan.
On February 8, MAS announced a quarterly dividend of $0.29
This is a 1.8% increase from the prior dividend of $0.285.
Payable March 11 for shareholders of record February 22 ex-div February 21.
Primerica, Inc. (PRI)
Primerica, Inc., together with its subsidiaries, provides financial products to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products. Primerica, Inc. was founded in 1927 and is headquartered in Duluth, Georgia.
On February 8, PRI announced a quarterly dividend of $0.75
This is a 15.4% increase from the prior dividend of $0.65.
Payable March 12 for shareholders of record February 21 ex-div February 20.
Community Healthcare Trust Incorporated (CHCT)
Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of September 30, 2023, the Company had investments of approximately $1.05 billion in 191 real estate properties. The properties are located in 34 states, totaling approximately 4.2 million square feet in the aggregate.
On February 8, CHCT announced a quarterly dividend of $0.4575
This is a 0.5% increase from the prior dividend of $0.455.
Payable March 1 for shareholders of record February 20 ex-div February 16.
First BanCorp. (FBP)
First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to consumers and commercial customers. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.
On February 8, FBP announced a quarterly dividend of $0.16
This is a 14.3% increase from the prior dividend of $0.14.
Payable March 8 for shareholders of record February 23 ex-div February 22.
Victory Capital Holdings, Inc. (VCTR)
Victory Capital Holdings, Inc., together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. Victory Capital Holdings, Inc. was incorporated in 2013 and is based in San Antonio, Texas.
On February 8, VCTR announced a quarterly dividend of $0.335
This is a 4.7% increase from the prior dividend of $0.32.
Payable March 25 for shareholders of record March 11 ex-div March 8.
PepsiCo, Inc. (PEP)
PepsiCo, Inc. manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region. The company was founded in 1898 and is based in Purchase, New York.
On February 9, PEP announced an annualized dividend of $5.42
This is a 7.1% increase from the prior dividend of $5.06.
Payable in June 2024.
Magna International Inc. (MGA)
Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.
On February 9, MGA announced a quarterly dividend of $0.475
This is a 3.3% increase from the prior dividend of $0.46.
Payable March 8 for shareholders of record February 23 ex-div February 22.
Essent Group Ltd. (ESNT)
Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. Essent Group Ltd. was founded in 2008 and is based in Hamilton, Bermuda.
On February 9, ESNT announced a quarterly dividend of $0.28
This is a 12.0% increase from the prior dividend of $0.25.
Payable March 22 for shareholders of record March 13 ex-div March 12.
Ameren Corporation (AEE)
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company was founded in 1881 and is headquartered in St. Louis, Missouri.
On February 9, AEE announced a quarterly dividend of $0.67
This is a 6.3% increase from the prior dividend of $0.63.
Payable March 29 for shareholders of record March 13 ex-div March 12.
Louisiana-Pacific Corporation (LPX)
Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through: Siding, Oriented Strand Board, and South America. Louisiana-Pacific Corporation was incorporated in 1972 and is headquartered in Nashville, Tennessee.
On February 9, LPX announced a quarterly dividend of $0.26
This is an 8.3% increase from the prior dividend of $0.24.
Payable March 8 for shareholders of record February 23 ex-div February 22.
Archive of Dividend Increases
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