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, 19 companies announced dividend increases. Note
that no dividend cuts or suspensions were announced during this period.
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.
Alamo Group Inc. (ALG)
Alamo Group Inc. designs, manufactures, distributes, and
services agricultural and infrastructure maintenance equipment for governmental
and industrial use worldwide. The company offers hydraulically-powered and
tractor-mounted mowers, such as boom-mounted mowers; other cutters and
replacement parts for heavy-duty and intensive uses; and heavy duty,
tractor-and truck-mounted mowing, and vegetation maintenance equipment and
replacement parts. Alamo Group Inc. was founded in 1955 and is headquartered in
Seguin, Texas.
On January 3, ALG declared a quarterly dividend of $0.18 per share.
This is a 28.6%
increase from prior dividend of $0.14.
Payable February 1 for
shareholders of record January 18, ex-div January 17.
Enterprise Products Partners L.P. (EPD)
Enterprise Products Partners L.P. provides midstream energy
services to producers and consumers of natural gas, natural gas liquids (NGLs),
crude oil, petrochemicals, and refined products. The company operates through
four segments: NGL Pipelines & Services, Crude Oil Pipelines &
Services, Natural Gas Pipelines & Services, and Petrochemical & Refined
Products Services. The company was founded in 1968 and is headquartered in
Houston, Texas.
On January 6, EPD declared a quarterly dividend of $0.465 per share.
This is a 3.3%
increase from prior dividend of $0.45.
Payable February 11
for shareholders of record January 31, ex-div January 28.
STAG Industrial, Inc. (STAG)
STAG Industrial, Inc. (NYSE: STAG) is a real estate
investment trust focused on the acquisition and operation of single-tenant,
industrial properties throughout the United States. By targeting this type of
property, STAG has developed an investment strategy that helps investors find a
powerful balance of income plus growth.
On January 10, STAG declared a monthly dividend of $0.121667 per share.
This is a 0.7%
increase from prior dividend of $0.1208.
Payable February 15
for shareholders of record January 31, ex-div January 28.
Lakeland Financial Corporation (LKFN)
Lakeland Financial Corporation operates as the bank holding
company for Lake City Bank that provides various banking products and services.
The company accepts various deposit products, such as noninterest bearing,
interest-bearing checking, savings, money market, NOW, and demand deposits. Its
loan products include commercial and industrial, commercial real estate and
multi-family residential, agri-business and agricultural, consumer 1-4 family
mortgage, and other consumer loans. Lakeland Financial Corporation was founded
in 1872 and is headquartered in Warsaw, Indiana.
On January 11, LKFN declared a quarterly dividend of $0.40 per share.
This is a 17.6%
increase from prior dividend of $0.34.
Payable February 7 for
shareholders of record January 25, ex-div January 24.
Ally Financial Inc. (ALLY)
Ally Financial Inc., a bank holding company, provides
various digital financial products and services to consumer, commercial, and
corporate customers primarily in the United States and Canada. It operates
through four segments: Automotive Finance Operations, Insurance Operations, Mortgage
Finance Operations, and Corporate Finance Operations. The company was formerly
known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010.
Ally Financial Inc. was founded in 1914 and is based in Detroit, Michigan.
On January 11, ALLY declared a quarterly dividend of $0.30 per share.
This is a 20.0%
increase from prior dividend of $0.25.
Payable February 15
for shareholders of record February 1, ex-div January 31.
Apogee Enterprises, Inc. (APOG)
Apogee Enterprises, Inc. designs and develops glass and
metal products and services in the United States, Canada, and Brazil. The
company operates in four segments: Architectural Framing Systems, Architectural
Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The
company was incorporated in 1949 and is based in Minneapolis, Minnesota.
On January 12, APOG declared a quarterly dividend of $0.22 per share.
This is a 10.0%
increase from prior dividend of $0.20.
Payable February 15
for shareholders of record January 31, ex-div January 28.
ATCO Ltd. (TSE:ACO.X)
ATCO Ltd., together with its subsidiaries, provides housing,
logistics and transportation, agriculture, water, real estate, and energy and
energy infrastructure solutions in Canada, Australia, and internationally. The
company offers workforce and residential housing; modular facilities;
construction and site support; workforce lodging; facility operations and
maintenance; defense operations; and disaster and emergency management
services. ATCO Ltd. was founded in 1947 and is headquartered in Calgary,
Canada.
On January 13, ACO.X declared a quarterly dividend of C$0.4483 per share.
This is a 3.0%
increase from prior dividend of C$0.4483.
Payable March 31 for
shareholders of record March 3, ex-div March 2.
Canadian Utilities Limited (TSE:CU)
Canadian Utilities Limited and its subsidiaries engage in
the electricity, natural gas, and retail energy businesses worldwide. It
operates through Utilities, Energy Infrastructure, and Corporate & Other
segments. The company was incorporated in 1927 and is headquartered in Calgary,
Canada. Canadian Utilities Limited is a subsidiary of ATCO Ltd.
On January 13, CU declared a quarterly dividend of C$0.4442 per share.
This is a 1.0%
increase from prior dividend of C$0.4398.
Payable March 1 for
shareholders of record February 3, ex-div February 2.
BlackRock, Inc. (BLK)
BlackRock, Inc. is a publicly owned investment manager. The
firm primarily provides its services to institutional, intermediary, and
individual investors including corporate, public, union, and industry pension
plans, insurance companies, third-party mutual funds, endowments, public
institutions, governments, foundations, charities, sovereign wealth funds,
corporations, official institutions, and banks. It also provides global risk
management and advisory services. BlackRock, Inc. was founded in 1988 and is
based in New York City.
On January 14, BLK declared a quarterly dividend of $4.88 per share.
This is an 18.2%
increase from prior dividend of $4.13.
Payable March 23 for
shareholders of record March 7, ex-div March 4.
Mercantile Bank Corporation (MBWM)
Mercantile Bank Corporation operates as the bank holding
company for Mercantile Bank of Michigan that provides commercial and retail
banking services for small- to medium-sized businesses and individuals in the
United States. It accepts various deposit products, including checking,
savings, and term certificate accounts; time deposits; and certificates of
deposit. Mercantile Bank Corporation was incorporated in 1997 and is
headquartered in Grand Rapids, Michigan.
On January 18, MBWM declared a quarterly dividend of $0.31 per share.
This is a 3.3%
increase from prior dividend of $0.30.
Payable March 16 for
shareholders of record March 4, ex-div March 3.
Enterprise Bancorp, Inc. (EBTC)
Enterprise Bancorp, Inc. operates as the holding company of
Enterprise Bank and Trust Company that provides commercial banking products and
services. It offers commercial and retail deposit products, including checking
accounts, limited-transactional savings and money market accounts, commercial
sweep products, and term certificates of deposit. The company was founded in
1989 and is headquartered in Lowell, Massachusetts.
On January 18, EBTC declared a quarterly dividend of $0.205 per share.
This is a 10.8%
increase from prior dividend of $0.185.
Payable March 1 for
shareholders of record February 8, ex-div February 7.
Fastenal Company (FAST)
Fastenal Company, together with its subsidiaries, engages in
the wholesale distribution of industrial and construction supplies in the
United States, Canada, Mexico, North America, and internationally. It offers
fasteners, and related industrial and construction supplies under the Fastenal
name. Fastenal Company was founded in 1967 and is headquartered in Winona,
Minnesota.
On January 18, FAST declared a quarterly dividend of $0.31 per share.
This is a 10.7%
increase from prior dividend of $0.28.
Payable March 2 for
shareholders of record February 2, ex-div February 1.
Union Bankshares, Inc. (UNB)
Union Bankshares, Inc. operates as the bank holding company
for Union Bank that provides retail, commercial, and municipal banking products
and services in northern Vermont and New Hampshire. It offers retail depository
services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and
health savings accounts, as well as certificates of deposit. Union Bankshares,
Inc. was founded in 1891 and is headquartered in Morrisville, Vermont.
On January 19, UNB declared a quarterly dividend of $0.35 per share.
This is a 6.1%
increase from prior dividend of $0.33.
Payable February 3 for
shareholders of record January 29, ex-div January 27.
Alerus Financial Corporation (ALRS)
Alerus Financial Corporation, through its subsidiary, Alerus
Financial, National Association, provides various financial services to
businesses and consumers. The company operates through four segments: Banking,
Retirement and Benefit Services, Wealth Management, and Mortgage. Alerus
Financial Corporation was founded in 1879 and is headquartered in Grand Forks,
North Dakota.
On January 19, ALRS declared a quarterly dividend of $0.16 per share.
This is a 6.7%
increase from prior dividend of $0.15.
Payable April 8 for
shareholders of record March 18, ex-div March 17.
Graham Holdings Company (GHC)
Graham Holdings Company, through its subsidiaries, operates
as a diversified education and media company worldwide. It provides test
preparation services and materials; data science education, and training and
healthcare simulation services; professional training and exam preparation for
professional certifications and licensures; and non-academic operations support
services to Purdue University Global. Graham Holdings Company was founded in
1877 and is based in Arlington, Virginia.
On January 20, GHC declared a quarterly dividend of $1.58 per share.
This is a 4.6%
increase from prior dividend of $1.51.
Payable February 17
for shareholders of record February 3, ex-div February 2.
J.B. Hunt Transport Services, Inc. (JBHT)
J.B. Hunt Transport Services, Inc. provides surface
transportation and delivery services in North America. It operates through five
segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated
Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The
company was incorporated in 1961 and is headquartered in Lowell, Arkansas.
On January 20, JBHT declared a quarterly dividend of $0.40 per share.
This is a 33.3%
increase from prior dividend of $0.30.
Payable February 18
for shareholders of record February 4, ex-div February 3.
Consolidated Edison, Inc. (ED)
Consolidated Edison, Inc., through its subsidiaries, engages
in the regulated electric, gas, and steam delivery businesses in the United
States. The company offers electric services to approximately 3.5 million
customers in New York City and Westchester County; gas to approximately 1.1
million customers in Manhattan, the Bronx, parts of Queens, and Westchester
County; and steam to approximately 1,576 customers in parts of Manhattan. It
also supplies electricity to approximately 0.3 million customers in
southeastern New York and northern New Jersey; and gas to approximately 0.1
million customers in southeastern New York. Consolidated Edison, Inc. was
founded in 1823 and is based in New York, New York.
On January 20, ED declared a quarterly dividend of $0.79 per share.
This is a 1.9%
increase from prior dividend of $0.775.
Payable March 15 for
shareholders of record February 16, ex-div February 15.
Sierra Bancorp (BSRR)
Sierra Bancorp operates as the bank holding company for Bank
of the Sierra that provides retail and commercial banking services to
individuals and businesses in California. The company accepts various deposit
products, such as checking accounts, savings accounts, money market demand
accounts, time deposits, retirement accounts, and sweep accounts. Sierra
Bancorp was founded in 1977 and is headquartered in Porterville, California.
On January 21, BSRR declared a quarterly dividend of $0.23 per share.
This is a 4.5%
increase from prior dividend of $0.22.
Payable February 14
for shareholders of record January 31, ex-div January 28.
Alliant Energy Corporation (LNT)
Alliant Energy Corporation operates as a utility holding
company that provides regulated electricity and natural gas services in the
Midwest region of the United States. It operates in three segments: Utility
Electric Operations, Utility Gas Operations, and Utility Other. The company was
incorporated in 1981 and is headquartered in Madison, Wisconsin.
On January 21, LNT declared a quarterly dividend of $0.4275 per share.
This is a 6.2%
increase from prior dividend of $0.4025.
Payable February 15
for shareholders of record January 31, ex-div January 28.
