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 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.
Merchants Bancorp (MBIN)
Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.
On February 14, MBIN announced a quarterly dividend of $0.09.
This is a 12.5% increase from the prior dividend of $0.08.
Payable April 1 for shareholders of record March 15 ex-div March 14.
Manulife Financial Corporation (TSE:MFC)
Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. Manulife Financial Corporation was incorporated in 1887 and is headquartered in Toronto, Canada.
On February 14, MFC announced a quarterly dividend of C$0.40.
This is a 9.6% increase from the prior dividend of C$0.365.
Payable March 19 for shareholders of record February 28 ex-div February 27.
Moody's Corporation (MCO)
Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. Moody's Corporation was founded in 1900 and is headquartered in New York, New York.
On February 13, MCO announced a quarterly dividend of $0.85.
This is a 10.4% increase from the prior dividend of $0.77.
Payable March 15 for shareholders of record February 23 ex-div February 22.
Genuine Parts Company (GPC)
Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through Automotive Parts Group and Industrial Parts Group segments. Genuine Parts Company was incorporated in 1928 and is headquartered in Atlanta, Georgia.
On February 15, GPC announced a quarterly dividend of $1.00.
This is a 5.3% increase from the prior dividend of $0.95.
Payable April 1 for shareholders of record March 1 ex-div February 29.
Brunswick Corporation (BC)
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through three segments: Propulsion, Parts & Accessories, and Boat. Brunswick Corporation was founded in 1845 and is headquartered in Mettawa, Illinois.
On February 15, BC announced a quarterly dividend of $0.42.
This is a 5.0% increase from the prior dividend of $0.40.
Payable March 15 for shareholders of record February 26 ex-div February 23.
Walker & Dunlop, Inc. (WD)
Walker & Dunlop, Inc., through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, and small-balance loans. Walker & Dunlop, Inc. was founded in 1937 and is headquartered in Bethesda, Maryland.
On February 15, WD announced a quarterly dividend of $0.65.
This is a 3.2% increase from the prior dividend of $0.63.
Payable March 15 for shareholders of record March 1 ex-div February 29.
Reliance Steel & Aluminum Co. (RS)
Reliance Steel & Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. The company was founded in 1939 and is based in Scottsdale, Arizona.
On February 15, RS announced a quarterly dividend of $1.10.
This is a 10.0% increase from the prior dividend of $1.00.
Payable March 22 for shareholders of record March 8 ex-div March 7.
NorthWestern Energy Group, Inc. (NWE)
NorthWestern Energy Group, Inc. provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities. NorthWestern Energy Group, Inc. was founded in 1923 and is based in Sioux Falls, South Dakota.
On February 14, NWE announced a quarterly dividend of $0.65.
This is a 1.6% increase from the prior dividend of $0.64.
Payable March 29 for shareholders of record March 16 ex-div March 15.
The Coca-Cola Company (KO)
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. The company was founded in 1886 and is headquartered in Atlanta, Georgia.
On February 15, KO announced a quarterly dividend of $0.485.
This is a 5.4% increase from the prior dividend of $0.46.
Payable April 1 for shareholders of record March 15 ex-div March 14.
Enpro Inc. (NPO)
Enpro Inc. design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The company was formerly known as EnPro Industries, Inc. and changed its name to Enpro Inc. in December 2023. Enpro Inc. was incorporated in 2002 and is headquartered in Charlotte, North Carolina.
On February 15, NPO announced a quarterly dividend of $0.30.
This is a 3.4% increase from the prior dividend of $0.29.
Payable March 20 for shareholders of record March 6 ex-div March 5.
TC Energy Corporation (TSE:TRP)
TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,700 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.
On February 16, TRP announced a quarterly dividend of C$0.96.
This is a 3.2% increase from the prior dividend of C$0.93.
Payable April 30 for shareholders of record March 28 ex-div March 27.
Telephone and Data Systems, Inc. (TDS)
Telephone and Data Systems, Inc., a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. Telephone and Data Systems, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.
On February 16, TDS announced a quarterly dividend of $0.19.
This is a 5.6% increase from the prior dividend of $0.18.
Payable March 28 for shareholders of record March 15 ex-div March 14.
Archive of Dividend Increases
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