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, 4 companies announced dividend increases. Note
that no dividend cuts or suspensions were announced during this period. This is
the first 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.
Glacier Bancorp, Inc. (GBCI)
Glacier Bancorp, Inc. operates as the bank holding company
for Glacier Bank that provides commercial banking services to individuals,
small to medium-sized businesses, community organizations, and public entities
in the United States. It offers non-interest bearing deposit and interest
bearing deposit accounts, such as negotiable order of withdrawal and demand
deposit accounts, savings accounts, money market deposit accounts, fixed rate
certificates of deposit, negotiated-rate jumbo certificates, and individual
retirement accounts. The company was founded in 1955 and is headquartered in
Kalispell, Montana.
On March 30, GBCI declared a quarterly dividend of $0.33 per share.
This is a 3.1%
increase from prior dividend of $0.32.
Payable April 21 for
shareholders of record April 12, ex-div April 11.
The PNC Financial Services Group, Inc. (PNC)
The PNC Financial Services Group, Inc. operates as a
diversified financial services company in the United States. The company’s
Retail Banking segment offers brokerage, insurance, and investment and cash
management services; checking, savings, and money market accounts; certificates
of deposits; and lending products, which includes residential mortgages, home
equity loans and lines of credit, auto loans, education loans, and personal and
small business loans, and credit cards to consumer and small business customers
through a network of branches, ATMs, call centers, and online and mobile
banking channels. The PNC Financial Services Group, Inc. was founded in 1852
and is headquartered in Pittsburgh, Pennsylvania.
On April 1, PNC declared a quarterly dividend of $1.50 per share.
This is a 20.0%
increase from prior dividend of $1.25.
Payable May 5 for
shareholders of record April 13, ex-div April 12.
Bank OZK (OZK)
Bank OZK provides various retail and commercial banking
services. It accepts various deposit products, including non-interest-bearing
checking, interest bearing transaction, business sweep, savings, money market,
individual retirement, and other accounts, as well as time deposits. The
company was formerly known as Bank of the Ozarks and changed its name to Bank
OZK in July 2018. Bank OZK was founded in 1903 and is headquartered in Little
Rock, Arkansas.
On April 1, OZK declared a quarterly dividend of $0.31 per share.
This is a 3.3%
increase from prior dividend of $0.30.
Payable April 22 for
shareholders of record April 15, ex-div April 14.
Watsco, Inc. (WSO)
Watsco, Inc., together with its subsidiaries, distributes
air conditioning, heating, refrigeration equipment, and related parts and
supplies. The company distributes equipment comprising residential ducted and
ductless air conditioners, such as gas, electric, and oil furnaces; commercial
air conditioning and heating equipment systems; and other specialized
equipment. Watsco, Inc. was founded in 1945 and is headquartered in Miami,
Florida.
On April 1, WSO declared a quarterly dividend of $2.20 per share.
This is a 12.8%
increase from prior dividend of $1.95.
Payable April 29 for
shareholders of record April 14, ex-div April 13.
