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, 41 companies announced dividend increases. Note
that no dividend cuts or suspensions were announced during this period. This is
the first part of the weeks 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.
Franklin Electric Co., Inc. (FELE)
Franklin Electric Co., Inc., together with its subsidiaries,
designs, manufactures, and distributes water and fuel pumping systems
worldwide. It operates in three segments: Water Systems, Fueling Systems, and
Distribution. Franklin Electric Co., Inc. was founded in 1944 and is
headquartered in Fort Wayne, Indiana.
On January 24, FELE declared a quarterly dividend of $0.195 per share.
This is an 11.4%
increase from prior dividend of $0.175.
Payable February 11
for shareholders of record February 3, ex-div February 2.
Independent Bank Corporation (IBCP)
Independent Bank Corporation operates as the bank holding
company for Independent Bank that provides various banking services to
individuals and businesses. The company offers checking and savings accounts,
commercial lending, direct and indirect consumer financing, mortgage lending,
and safe deposit box services, as well as automatic teller machine, and
Internet and mobile banking services. It also provides title insurance,
insurance brokerage, and investment services. Independent Bank Corporation was
founded in 1864 and is based in Grand Rapids, Michigan.
On January 24, IBCP declared a quarterly dividend of $0.22 per share.
This is a 4.8%
increase from prior dividend of $0.21.
Payable February 15
for shareholders of record February 4, ex-div February 3.
Archer-Daniels-Midland Company (ADM)
Archer-Daniels-Midland Company procures, transports, stores,
processes, and merchandises agricultural commodities, products, and ingredients
in the United States and internationally. The company operates through three
segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. It
procures, stores, cleans, and transports agricultural raw materials, such as
oilseeds, corn, wheat, milo, oats, and barley. The company was founded in 1902
and is headquartered in Chicago, Illinois.
On January 25, ADM declared a quarterly dividend of $0.40 per share.
This is an 8.1%
increase from prior dividend of $0.37.
Payable March 1 for
shareholders of record February 8, ex-div February 7.
Cambridge Bancorp (CATC)
Cambridge Bancorp operates as the bank holding company for
Cambridge Trust Company that provides commercial and consumer banking, and
investment management and trust services. The company accepts various deposits,
such as checking and savings accounts, certificates of deposit, money market
accounts, trust accounts, individual retirement accounts, and time and demand
deposits. Cambridge Bancorp was founded in 1890 and is headquartered in
Cambridge, Massachusetts.
On January 25, CATC declared a quarterly dividend of $0.64 per share.
This is a 4.9%
increase from prior dividend of $0.61.
Payable February 24
for shareholders of record February 10, ex-div February 9.
Norfolk Southern Corporation (NSC)
Norfolk Southern Corporation, together with its
subsidiaries, engages in the rail transportation of raw materials, intermediate
products, and finished goods in the United States. The company transports
industrial products, including agriculture, forest and consumer products,
chemicals, and metals and construction materials; and coal, automobiles, and
automotive parts. It also transports overseas freight through various Atlantic
and Gulf Coast ports; and provides commuter passenger services. As of December
31, 2020, the company operated approximately 19,300 route miles in 22 states
and the District of Columbia. Norfolk Southern Corporation was incorporated in
1980 and is headquartered in Atlanta, Georgia.
On January 25, NSC declared a quarterly dividend of $1.24 per share.
This is a 13.8%
increase from prior dividend of $1.09.
Payable February 21
for shareholders of record February 4, ex-div February 3.
Canadian National Railway Company (TSE:CNR)
Canadian National Railway Company, together with its
subsidiaries, engages in the rail and related transportation business. Its
portfolio of goods includes petroleum and chemicals, grain and fertilizers,
coal, metals and minerals, forest products, intermodal, and automotive products
serving exporters, importers, retailers, farmers, and manufacturers. The
company operates a network of 19,500 route miles of track spanning Canada and
the United States. It also provides vessels and docks, transloading and
distribution, automotive logistics, and freight forwarding and transportation
management services. The company was founded in 1919 and is headquartered in
Montreal, Canada.
On January 25, CNR declared a quarterly dividend of C$0.7325 per share.
This is a 19.1%
increase from prior dividend of C$0.615.
Payable March 31 for
shareholders of record March 10, ex-div March 9.
Premier Financial Corp. (PFC)
Premier Financial Corp., through its subsidiaries, provides
various banking services. It offers various demand, checking, money market,
certificates of deposits, certificates of deposit account registry service, and
savings accounts; and investment products. The company also provides
residential real estate loans, commercial real estate loans, commercial loans,
home improvement and home equity loans, and consumer loans. Premier Financial
Corp. was incorporated in 1995 and is headquartered in Defiance, Ohio.
On January 25, PFC declared a quarterly dividend of $0.30 per share.
This is a 7.1%
increase from prior dividend of $0.28.
Payable February 18
for shareholders of record February 11, ex-div February 10.
Cadence Bank (CADE)
Cadence Bank provides various banking and financial
solutions for consumers, businesses, and corporations. The company's products
and services include consumer banking, consumer loans, mortgages, home equity
lines and loans, credit cards, commercial and business banking, treasury
management, specialized and asset-based lending, commercial real estate,
equipment financing, correspondent banking, SBA lending, foreign exchange,
wealth management, investment and trust, financial planning, retirement plan
management, and personal and business insurance services. It operates
approximately 400 branch locations across the South, Midwest, and Texas. The
company was founded in 1876 and is based in Tupelo, Mississippi.
On January 25, CADE declared a quarterly dividend of $0.22 per share.
This is a 10.0%
increase from prior dividend of $0.20.
Payable April 1 for
shareholders of record March 15, ex-div March 14.
Washington Federal, Inc. (WAFD)
Washington Federal, Inc. operates as the bank holding
company for Washington Federal Bank, National Association 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. It also provides single-family
residential, construction, land acquisition and development, consumer lot,
multi-family residential, commercial and industrial, commercial real estate,
home equity, business and consumer loans. Washington Federal, Inc. was founded
in 1917 and is headquartered in Seattle, Washington.
On January 25, WAFD declared a quarterly dividend of $0.24 per share.
This is a 4.3% increase
from prior dividend of $0.23.
Payable February 17
for shareholders of record February 4, ex-div February 3.
Anthem, Inc. (ANTM)
Anthem, Inc., through its subsidiaries, operates as a health
benefits company in the United States. It operates through four segments:
Commercial & Specialty Business, Government Business, IngenioRx, and Other.
Anthem, Inc. was founded in 1944 and is headquartered in Indianapolis, Indiana.
On January 26, ANTM declared a quarterly dividend of $1.28 per share.
This is a 13.3%
increase from prior dividend of $1.13.
Payable March 25 for
shareholders of record March 10, ex-div March 9.
MarketAxess Holdings Inc. (MKTX)
MarketAxess Holdings Inc., together with its subsidiaries,
operates an electronic trading platform for institutional investor and
broker-dealer firms worldwide. It offers the access to global liquidity in U.S.
investment-grade bonds, U.S. high-yield bonds, U.S. Treasuries, municipal
bonds, emerging market debt, Eurobonds, and other fixed income securities.
MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New
York, New York.
On January 26, MKTX declared a quarterly dividend of $0.70 per share.
This is a 6.1%
increase from prior dividend of $0.66.
Payable February 23
for shareholders of record February 9, ex-div February 8.
Kimberly-Clark Corporation (KMB)
Kimberly-Clark Corporation, together with its subsidiaries,
manufactures and markets personal care and consumer tissue products worldwide.
It operates through three segments: Personal Care, Consumer Tissue, and K-C
Professional. Kimberly-Clark Corporation was founded in 1872 and is
headquartered in Dallas, Texas.
On January 26, MKTX declared a quarterly dividend of $1.16 per share.
This is a 1.8%
increase from prior dividend of $1.14.
Payable April 4 for
shareholders of record March 4, ex-div March 3.
Home BancShares, Inc. (HOMB)
Home Bancshares, Inc. (Conway, AR) operates as the bank
holding company for Centennial Bank that provides commercial and retail
banking, and related financial services to businesses, real estate developers
and investors, individuals, and municipalities. Its deposit products include
checking, savings, NOW, demand, and money market accounts, as well as
certificates of deposit. The company was founded in 1998 and is headquartered
in Conway, Arkansas.
On January 26, HOMB declared a quarterly dividend of $0.165 per share.
This is a 17.9% increase
from prior dividend of $0.14.
Payable March 9 for
shareholders of record February 16, ex-div February 15.
Independent Bank Group, Inc. (IBTX)
Independent Bank Group, Inc. operates as the bank holding
company for Independent Bank that provides various commercial banking products
and services to businesses, professionals, and individuals in the United
States. It accepts various deposit products, including checking and savings
accounts, demand deposits, money market accounts, and certificates of deposit.
Independent Bank Group, Inc. was founded in 2002 and is headquartered in
McKinney, Texas.
On January 26, IBTX declared a quarterly dividend of $0.38 per share.
This is a 5.6% increase
from prior dividend of $0.36.
Payable February 17
for shareholders of record February 10, ex-div February 9.
Republic Bancorp, Inc. (RBCAA)
Republic Bancorp, Inc., a financial holding company,
provides various banking products and services in the United States. It
operates in five segments: Traditional Banking, Warehouse, Mortgage Banking,
Tax Refund Solutions, and Republic Credit Solutions. The company accepts
demand, money market accounts, savings, individual retirement accounts, time,
brokered, and other certificates of deposit. Republic Bancorp, Inc. was
incorporated in 1974 and is headquartered in Louisville, Kentucky.
On January 26, RBCAA declared a quarterly dividend of $0.341 per share.
This is a 10.7%
increase from prior dividend of $0.308.
Payable April 15 for
shareholders of record March 18, ex-div March 17.
Intel Corporation (INTC)
Intel Corporation designs, manufactures, and sells essential
technologies for the cloud, smart, and connected devices for retail,
industrial, and consumer uses worldwide. The company operates through DCG,
IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. The company was founded
in 1968 and is headquartered in Santa Clara, California.
On January 26, INTC declared a quarterly dividend of $0.365 per share.
This is a 5.2%
increase from prior dividend of $0.347.
Payable March 1 for
shareholders of record February 7, ex-div February 4.
Chevron Corporation (CVX)
Chevron Corporation, through its subsidiaries, engages in
integrated energy, chemicals, and petroleum operations worldwide. The company
operates in two segments, Upstream and Downstream. The company was formerly
known as ChevronTexaco Corporation and changed its name to Chevron Corporation
in 2005. Chevron Corporation was founded in 1879 and is headquartered in San
Ramon, California.
On January 26, CVX declared a quarterly dividend of $1.42 per share.
This is a 6.0%
increase from prior dividend of $1.34.
Payable March 10 for
shareholders of record February 16, ex-div February 15.
Unitil Corporation (UTL)
Unitil Corporation, a public utility holding company,
engages in the distribution of electricity and natural gas. It operates through
three segments: Utility Gas Operations, Utility Electric Operations, and
Non-Regulated. Unitil Corporation was founded in 1984 and is headquartered in
Hampton, New Hampshire.
On January 26, UTL declared a quarterly dividend of $0.39 per share.
This is a 2.6%
increase from prior dividend of $0.38.
Payable February 25
for shareholders of record February 11, ex-div February 10.
Arthur J. Gallagher & Co. (AJG)
Arthur J. Gallagher & Co., together with its
subsidiaries, provides insurance brokerage, consulting, and third party claims
settlement and administration services in the United States, Australia,
Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. Its
Brokerage segment consists of retail and wholesale insurance brokerage
operations. Arthur J. Gallagher & Co. was founded in 1927 and is headquartered
in Rolling Meadows, Illinois.
On January 26, AJG declared a quarterly dividend of $0.51 per share.
This is a 6.3% increase
from prior dividend of $0.48.
Payable March 25 for
shareholders of record March 4, ex-div March 3.
California Water Service Group (CWT)
California Water Service Group, through its subsidiaries,
provides water utility and other related services in California, Washington,
New Mexico, and Hawaii. It is involved in the production, purchase, storage,
treatment, testing, distribution, and sale of water for domestic, industrial,
public, and irrigation uses, as well as for fire protection. California Water Service Group was founded in
1926 and is headquartered in San Jose, California.
On January 26, AJG declared a quarterly dividend of $0.25 per share.
This is an 8.7%
increase from prior dividend of $0.23.
Payable February 18
for shareholders of record February 7, ex-div February 4.
