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, 25 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.
Jack Henry & Associates, Inc. (JKHY)
Jack Henry & Associates, Inc., a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. Jack Henry & Associates, Inc. was founded in 1976 and is headquartered in Monett, Missouri.
On February 12, JKHY announced a quarterly dividend of $0.55.
This is a 5.8% increase from the prior dividend of $0.52.
Payable March 26 for shareholders of record March 8 ex-div March 7.
Watsco, Inc. (WSO)
Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.
On February 13, WSO announced an annual dividend of $2.70.
This is a 10.2% increase from the prior dividend of $2.45.
The increase will be reflected in the Company’s next quarterly dividend payment in April 2024.
Restaurant Brands International Inc. (QSR)
Restaurant Brands International Inc. operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). Restaurant Brands International Inc. was founded in 1954 and is headquartered in Toronto, Canada.
On February 13, QSR announced a quarterly dividend of $0.58.
This is a 5.5% increase from the prior dividend of $0.55.
Payable April 4 for shareholders of record March 21 ex-div March 20.
Principal Financial Group, Inc. (PFG)
Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. Principal Financial Group, Inc. was founded in 1879 and is based in Des Moines, Iowa.
On February 12, PFG announced a quarterly dividend of $0.69.
This is a 3.0% increase from the prior dividend of $0.67.
Payable March 28 for shareholders of record March 12 ex-div March 11.
Public Service Enterprise Group Incorporated (PEG)
Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in Mid-Atlantic United States. The company operates through PSE&G and PSEG Power. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.
On February 13, PEG announced a quarterly dividend of $0.60.
This is a 5.3% increase from the prior dividend of $0.57.
Payable March 29 for shareholders of record March 8 ex-div March 7.
Kinsale Capital Group, Inc. (KNSL)
Kinsale Capital Group, Inc., a specialty insurance company, provides property and casualty insurance products in the United States. The company’s commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance. Kinsale Capital Group, Inc. was founded in 2009 and is headquartered in Richmond, Virginia.
On February 13, KNSL announced a quarterly dividend of $0.15.
This is a 7.1% increase from the prior dividend of $0.14.
Payable March 13 for shareholders of record February 27 ex-div February 26.
Tennant Company (TNC)
Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, and asset management solutions. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.
On February 13, TNC announced a quarterly dividend of $0.28.
This is a 5.7% increase from the prior dividend of $0.265.
Payable March 15 for shareholders of record February 29 ex-div February 28.
WaFd, Inc (WAFD)
WaFd, Inc operates as the bank holding company for Washington Federal Bank that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts. WaFd, Inc was founded in 1917 and is headquartered in Seattle, Washington.
On February 13, WAFD announced a quarterly dividend of $0.26.
This is a 4.0% increase from the prior dividend of $0.25.
Payable March 8 for shareholders of record February 23 ex-div February 22.
Robert Half Inc. (RHI)
Robert Half Inc. provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. The company was founded in 1948 and is headquartered in Menlo Park, California.
On February 13, RHI announced a quarterly dividend of $0.53.
This is a 10.4% increase from the prior dividend of $0.48.
Payable March 15 for shareholders of record February 23 ex-div February 22.
Toromont Industries Ltd. (TSE:TIH)
Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The company was founded in 1961 and is based in Concord, Canada.
On February 13, TIH announced a quarterly dividend of C$0.48.
This is a 11.6% increase from the prior dividend of C$0.43.
Payable April 4 for shareholders of record March 8 ex-div March 7.
The Sherwin-Williams Company (SHW)
The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.
On February 14, SHW announced a quarterly dividend of $0.715
This is an 18.2% increase from the prior dividend of $0.605.
Payable March 8 for shareholders of record February 26 ex-div February 23.
CSX Corporation (CSX)
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida.
On February 14, CSX announced a quarterly dividend of $0.12
This is a 9.1% increase from the prior dividend of $0.11.
Payable March 15 for shareholders of record February 29 ex-div February 28.
Cisco Systems, Inc. (CSCO)
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. Cisco Systems, Inc. was incorporated in 1984 and is headquartered in San Jose, California.
On February 14, CSCO announced a quarterly dividend of $0.40.
This is a 2.6% increase from the prior dividend of $0.39.
Payable April 24 for shareholders of record April 4 ex-div April 3.
Archive of Dividend Increases
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