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, 6 companies announced dividend increases.
National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. National Bank of Canada was founded in 1859 and is headquartered in Montreal, Canada.
On May 28, NA announced a quarterly dividend of C$1.18.
This is a 3.5% increase from the prior dividend of C$1.14.
Payable August 1 for shareholders of record June 30.
Div Yield (FWD) 3.47%, Payout Ratio 40.91%, 5 Year Growth Rate 9.08%, Dividend Growth 15 Years
Royal Bank of Canada operates as a diversified financial service company worldwide. Its Personal Banking segment offers home equity financing, personal lending, chequing and savings accounts, private banking, auto financing, mutual funds, GICs, credit cards, and payment products and solutions. The company was founded in 1864 and is headquartered in Toronto, Canada.
On May 29, RY announced a quarterly dividend of C$1.54.
This is a 4.1% increase from the prior dividend of C$1.48.
Payable August 22 for shareholders of record July 24.
Div Yield (FWD) 3.54%, Payout Ratio 32.19%, 5 Year Growth Rate 6.67%, Dividend Growth 14 Years
Hamilton Lane Incorporated is a private equity and venture capital firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. The firm manages alternative investment strategies like direct credit, direct, fund of fund, evergreen and real assets. The firm prefers to invest between $0.25 million and $100 million in companies with small- to mid-sized enterprise values. It prefers to take majority stake. Hamilton Lane Incorporated was founded in 1991 and is based in Conshohocken, Pennsylvania with additional offices across Europe, North America, Asia Pacific and the Middle East.
On May 29, HLNE announced a quarterly dividend of $0.54.
This is a 10.2% increase from the prior dividend of $0.49.
Payable July 7 for shareholders of record June 20.
Div Yield (FWD) 1.32%, Payout Ratio 38.89%, 5 Year Growth Rate 12.25%, Dividend Growth 9 Years
EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
On May 30, EOG announced a quarterly dividend of $1.02.
This is a 4.3% increase from the prior dividend of $0.97.
Payable October 31 for shareholders of record October 17.
Div Yield (FWD) 3.59%, Payout Ratio 32.33%, 5 Year Growth Rate 24.96%, Dividend Growth 9 Years
Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States. It provides a line of products for construction, maintenance, repair, remodeling, and decorating. The company also offers home improvement products, such as appliances, seasonal and outdoor living, lumber, lawn and garden, kitchens and bath, hardware, building materials, millwork, paint, rough plumbing, tools, electrical, flooring, and décor. Lowe's Companies, Inc. was founded in 1921 and is based in Mooresville, North Carolina.
On May 30, LOW announced a quarterly dividend of $1.20.
This is a 4.3% increase from the prior dividend of $1.15.
Payable August 6 for shareholders of record July 23.
Div Yield (FWD) 2.04%, Payout Ratio 38.85%, 5 Year Growth Rate 15.90%, Dividend Growth 61 Years
Donaldson Company, Inc. manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. The company was founded in 1915 and is headquartered in Bloomington, Minnesota.
On May 30, DCI announced a quarterly dividend of $0.30.
This is an 11.1% increase from the prior dividend of $0.27.
Payable June 30 for shareholders of record June 16.
Forward yield 1.73%, Payout Ratio 44.61%, 5 Year Growth Rate 5.30%, Dividend Growth 39 Years
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