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 and one announced a dividend cut. 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.
Danaher Corporation (DHR)
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Danaher Corporation was founded in 1969 and is based in Washington, the District of Columbia.
On February 21, DHR announced a quarterly dividend of $0.27.
This is a 12.5% increase from the prior dividend of $0.24.
Payable April 26 for shareholders of record March 28 ex-div March 27.
Coterra Energy Inc. (CTRA)
Coterra Energy Inc., an independent oil and gas company, engages in the development, exploration and production of oil, natural gas, and natural gas liquids in the United States. The company primarily focuses on the Marcellus Shale with approximately 183,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania. The company was incorporated in 1989 and is headquartered in Houston, Texas.
On February 22, CTRA announced a quarterly dividend of $0.27.
This is a 12.5% increase from the prior dividend of $0.24.
Payable March 28 for shareholders of record March 14 ex-div March 13.
Universal Display Corporation (OLED)
Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Universal Display Corporation was incorporated in 1985 and is headquartered in Ewing, New Jersey.
On February 22, OLED announced a quarterly dividend of $0.40.
This is a 14.3% increase from the prior dividend of $0.35.
Payable March 29 for shareholders of record March 15 ex-div March 14.
Unity Bancorp, Inc. (UNTY)
Unity Bancorp, Inc. operates as a bank holding company for Unity Bank that provides commercial and retail banking services to individuals, small and medium sized businesses, and professional communities. The company offers personal and business checking accounts, time deposits, money market accounts, and savings accounts, as well as noninterest and interest-bearing demand deposits. The company was incorporated in 1991 and is based in Clinton, New Jersey.
On February 22, UNTY announced a quarterly dividend of $0.13.
This is an 8.3% increase from the prior dividend of $0.12.
Payable March 29 for shareholders of record March 15 ex-div March 14.
Essex Property Trust, Inc. (ESS)
Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.
On February 22, ESS announced a quarterly dividend of $2.45.
This is a 6.1% increase from the prior dividend of $2.31.
Payable April 12 for shareholders of record March 29 ex-div March 28.
Cohen & Steers, Inc. (CNS)
Cohen & Steers, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries. Cohen & Steers, Inc. was founded in 1986 and is based in New York.
On February 22, CNS announced a quarterly dividend of $0.59.
This is a 3.5% increase from the prior dividend of $0.57.
Payable March 14 for shareholders of record March 4 ex-div March 1.
NewMarket Corporation (NEU)
NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized. NewMarket Corporation was founded in 1887 and is headquartered in Richmond, Virginia.
On February 22, NEU announced a quarterly dividend of $2.50.
This is an 11.1% increase from the prior dividend of $2.25.
Payable April 1 for shareholders of record March 15 ex-div March 14.
Prologis, Inc. (PLD)
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 6,700 customers principally across two major categories: business-to-business and retail/online fulfillment.
On February 22, PLD announced a quarterly dividend of $0.96.
This is a 10.3% increase from the prior dividend of $0.87.
Payable March 29 for shareholders of record March 18 ex-div March 17.
Garmin Ltd. (GRMN)
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. It operates through five segments: Fitness, Outdoor, Aviation, Marine, and Auto. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.
On February 21, GRMN announced a quarterly dividend of $0.75.
This is a 2.7% increase from the prior dividend of $0.73.
Payable June 28 for shareholders of record June 17 ex-div June 14.
Federal Agricultural Mortgage Corporation (AGM)
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy segments. The company was founded in 1987 and is headquartered in Washington, the District of Columbia.
On February 23, AGM announced a quarterly dividend of $1.40.
This is a 27.3% increase from the prior dividend of $1.10.
Payable March 28 for shareholders of record March 15 ex-div March 14.
L3Harris Technologies, Inc. (LHX)
L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. The company’s Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors. L3Harris Technologies, Inc. was founded in 1895 and is based in Melbourne, Florida.
On February 23, LHX announced a quarterly dividend of $1.16.
This is a 1.8% increase from the prior dividend of $1.14.
Payable March 22 for shareholders of record March 8 ex-div March 7.
The Allstate Corporation (ALL)
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments. The Allstate Corporation was founded in 1931 and is headquartered in Northbrook, Illinois.
On February 23, ALL announced a quarterly dividend of $0.92.
This is a 3.4% increase from the prior dividend of $0.89.
Payable April 1 for shareholders of record March 4 ex-div March 1.
Vistra Corp. (VST)
Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across 20 states in the United States and the District of Columbia. Vistra Corp. was founded in 1882 and is based in Irving, Texas.
On February 23, VST announced a quarterly dividend of $0.215.
This is a 0.9% increase from the prior dividend of $0.213.
Payable March 29 for shareholders of record March 20 ex-div March 19.
Archive of Dividend Increases
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