Showing posts with label CWT. Show all posts
Showing posts with label CWT. Show all posts

January 29, 2022

Dividend Increases Week 4 (Part 1)



 

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.

 

January 28, 2022

Notable Analyst Upgrades and Downgrades for Week of January 24 2022 (Part 1)



 

Upgrades:

 


Comcast (NASDAQ:CMCSA) was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Monday, The Fly reports. The brokerage presently has a $60.00 price target on the cable giant’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 20.65% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Loop Capital decreased their target price on Comcast from $71.00 to $67.00 and set a “buy” rating on the stock in a report on Monday, November 22nd. Citigroup cut Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $60.00 to $53.00 in a report on Wednesday, December 15th. Barclays decreased their target price on Comcast from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, November 1st. Macquarie cut Comcast from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $65.00 to $52.00 in a report on Tuesday, December 14th. Finally, UBS Group decreased their target price on Comcast from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, December 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Comcast presently has an average rating of “Buy” and a consensus target price of $63.48. Read more …

 


UBS Group (NYSE:UBS) was upgraded by research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued on Monday, Price Targets.com reports.

Several other equities analysts have also commented on the stock. DZ Bank lowered shares of UBS Group from a “buy” rating to a “hold” rating and set a CHF 18 target price on the stock. in a report on Tuesday, October 26th. JPMorgan Chase & Co. raised their target price on shares of UBS Group from CHF 21 to CHF 22 in a report on Friday, January 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a report on Wednesday, December 1st. Morgan Stanley restated an “equal weight” rating on shares of UBS Group in a research note on Monday, November 29th. Finally, BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 7th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $18.80. Read more …

 


California Water Service Group (NYSE:CWT) was upgraded by investment analysts at Seaport Res Ptn from a "sell" rating to a "neutral" rating in a research note issued to investors on Tuesday, Zacks.com reports.

A number of other equities research analysts also recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of California Water Service Group from $62.00 to $63.00 and gave the stock an "underweight" rating in a research note on Wednesday, December 1st. Zacks Investment Research raised shares of California Water Service Group from a "hold" rating to a "buy" rating and set a $64.00 target price for the company in a research note on Tuesday, November 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $60.67.

NYSE:CWT opened at $61.57 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.06 and a current ratio of 1.09. The firm's 50-day moving average is $66.69 and its 200-day moving average is $63.44. California Water Service Group has a 52-week low of $51.02 and a 52-week high of $72.08. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 27.99 and a beta of 0.18. Read more …

 

 


NIKE (NYSE:NKE) was upgraded by equities research analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a report issued on Tuesday, Briefing.com reports. The brokerage presently has a $175.00 price target on the footwear maker's stock. Wells Fargo & Company's target price would indicate a potential upside of 19.86% from the company's previous close.

A number of other equities research analysts have also recently weighed in on the stock. Wedbush initiated coverage on shares of NIKE in a research note on Monday, October 4th. They set an "outperform" rating and a $170.00 price objective on the stock. Credit Suisse Group set a $176.00 price target on shares of NIKE in a research report on Tuesday, January 4th. Telsey Advisory Group lifted their price target on NIKE from $176.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, December 16th. The Goldman Sachs Group set a $172.00 price target on NIKE and gave the stock a "buy" rating in a research note on Monday, December 6th. Finally, Morgan Stanley lowered their target price on NIKE from $206.00 to $202.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $180.31. Read more …

May 2, 2020

Notable Analyst Upgrades and Downgrades for Week of April 27, 2020



Upgrades:


Ross Stores (NASDAQ:ROST) was upgraded by stock analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $108.00 target price on the apparel retailer’s stock, up from their previous target price of $87.00. DA Davidson’s target price would suggest a potential upside of 16.71% from the company’s previous close.

Several other brokerages have also recently issued reports on ROST. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Ross Stores in a research note on Monday, March 2nd. Nomura Securities lowered their target price on shares of Ross Stores from $83.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 31st. Wells Fargo & Co raised shares of Ross Stores from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $100.00 to $110.00 in a research note on Monday, March 30th. Gordon Haskett initiated coverage on shares of Ross Stores in a research report on Wednesday, January 29th. They set an “accumulate” rating and a $132.00 price target on the stock. Finally, Morgan Stanley reissued a “buy” rating and set a $105.00 price target on shares of Ross Stores in a research report on Monday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Ross Stores has an average rating of “Buy” and a consensus target price of $113.83. Read more …

TJX Companies (NYSE:TJX) was upgraded by stock analysts at Atlantic Securities from a “neutral” rating to an “overweight” rating in a report issued on Wednesday, Marketbeat reports. The brokerage currently has a $60.00 target price on the apparel and home fashions retailer’s stock. Atlantic Securities’ target price indicates a potential upside of 16.41% from the stock’s previous close.


Other equities research analysts have also recently issued reports about the stock. Deutsche Bank boosted their price target on shares of TJX Companies from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Citigroup cut their price target on shares of TJX Companies from $70.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Cfra raised shares of TJX Companies from a “buy” rating to a “strong-buy” rating and boosted their price target for the stock from $66.00 to $76.00 in a research report on Wednesday, February 26th. Morgan Stanley cut shares of TJX Companies to a “hold” rating in a research report on Friday, April 17th. Finally, Jefferies Financial Group upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Friday, April 17th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $66.04. Read more …

Consolidated Edison (NYSE:ED) was upgraded by equities researchers at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $91.00 target price on the utilities provider’s stock. Bank of America‘s price objective suggests a potential upside of 11.96% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. Guggenheim cut shares of Consolidated Edison from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 7th. UBS Group lowered their price objective on shares of Consolidated Edison from $96.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, March 16th. Mizuho cut shares of Consolidated Edison from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $98.00 to $91.00 in a research note on Monday, February 24th. Morgan Stanley lowered their price objective on shares of Consolidated Edison from $89.00 to $84.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 15th. Finally, Citigroup decreased their target price on shares of Consolidated Edison from $89.00 to $78.50 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Consolidated Edison currently has an average rating of “Hold” and an average target price of $85.83. Read more …

Southwest Airlines (NYSE:LUV) was upgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Wednesday, The Fly reports.


LUV has been the topic of a number of other reports. Susquehanna Bancshares upgraded Southwest Airlines from a “neutral” rating to a “positive” rating and set a $41.00 price target on the stock in a report on Tuesday, April 21st. Evercore ISI upgraded Southwest Airlines from an “in-line” rating to an “outperform” rating and set a $55.00 price target on the stock in a report on Monday, March 2nd. Barclays reiterated a “hold” rating on shares of Southwest Airlines in a report on Tuesday, March 24th. Cowen lowered their target price on Southwest Airlines from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, April 20th. Finally, Vertical Research lowered Southwest Airlines from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research note on Thursday, January 9th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.89. Read more …

January 31, 2019

California Water Service Group Increases Quarterly Dividend $CWT



  • California Water Service (NYSE:CWT) declares $0.1975/share quarterly dividend, 5.3% increase from prior dividend of $0.1875.
  • Forward yield 1.69%
  • Payable Feb. 22; for shareholders of record Feb. 11; ex-div Feb. 8.