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.
Black Hills Corporation (BKH)
Black Hills Corporation, through its subsidiaries, operates
as an electric and natural gas utility company in the United States. It
operates through four segments: Electric Utilities, Gas Utilities, Power
Generation, and Mining. The Electric Utilities segment generates, transmits,
and distributes electricity to approximately 216,000 electric customers in
Colorado, South Dakota, and Wyoming, as well as provides electrical system
construction services to large industrial customers. Black Hills Corporation
was incorporated in 1941 and is headquartered in Rapid City, South Dakota.
On January 26, BKH declared a quarterly dividend of $0.595 per share.
This is a 75.0%
increase from prior dividend of $0.34.
Payable March 1 for
shareholders of record February 14, ex-div February 11.
NiSource Inc. (NI)
NiSource Inc., an energy holding company, operates as a
regulated natural gas and electric utility company in the United States. The
company operates through two segments, Gas Distribution Operations and Electric
Operations. It provides natural gas services and transportation for residential,
commercial, and industrial customers; generates, transmits, and distributes
electricity; and wholesale and transmission transaction services. NiSource Inc.
was founded in 1847 and is headquartered in Merrillville, Indiana.
On January 26, NI declared a quarterly dividend of $0.235 per share.
This is a 6.8%
increase from prior dividend of $0.22.
Payable February 18
for shareholders of record February 8, ex-div February 7.
Bankwell Financial Group, Inc. (BWFG)
Bankwell Financial Group, Inc. operates as the bank holding
company for Bankwell Bank that provides various banking services for commercial
and consumer customers. It offers various traditional depository products,
including checking, savings, money market, and certificates of deposit.
Bankwell Financial Group, Inc. was founded in 2002 and is headquartered in New
Canaan, Connecticut.
On January 26, BWFG declared a quarterly dividend of $0.20 per share.
This is an 11.1%
increase from prior dividend of $0.20.
Payable February 24
for shareholders of record February 14, ex-div February 11.
Tractor Supply Company (TSCO)
Tractor Supply Company operates as a rural lifestyle
retailer in the United States. The company offers a selection of merchandise,
including equine, livestock, pet, and small animal products necessary for their
health, care, growth, and containment; hardware, truck, towing, and tool
products; seasonal products, such as heating products, lawn and garden items,
power equipment, gifts, and toys; work/recreational clothing and footwear; and
maintenance products for agricultural and rural use. The company was founded in
1938 and is based in Brentwood, Tennessee.
On January 27, TSCO declared a quarterly dividend of $0.92 per share.
This is a 76.9%
increase from prior dividend of $0.52.
Payable March 8 for
shareholders of record February 21, ex-div February 18.
Applied Industrial Technologies, Inc. (AIT)
Applied Industrial Technologies, Inc. distributes industrial
products in North America, Australia, New Zealand, and Singapore. It operates
through two segments, Service Center Based Distribution, and Fluid Power &
Flow Control. Applied Industrial Technologies, Inc. was founded in 1923 and is
headquartered in Cleveland, Ohio.
On January 27, AIT declared a quarterly dividend of $0.34 per share.
This is a 3.0%
increase from prior dividend of $0.33.
Payable February 28
for shareholders of record February 15, ex-div February 14.
Sandy Spring Bancorp, Inc. (SASR)
Sandy Spring Bancorp, Inc. operates as the bank holding
company for Sandy Spring Bank that provides commercial and retail banking,
mortgage, private banking, and trust services to individuals and businesses.
The company operates through three segments: Community Banking, Insurance, and
Investment Management. Sandy Spring Bancorp, Inc. was founded in 1868 and is
headquartered in Olney, Maryland.
On January 27, SASR declared a quarterly dividend of $0.34 per share.
This is a 6.3%
increase from prior dividend of $0.32.
Payable February 28
for shareholders of record February 18, ex-div February 17.
Comcast Corporation (CMCSA)
Comcast Corporation operates as a media and technology
company worldwide. It operates through Cable Communications, Cable Networks,
Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments.
Comcast Corporation was founded in 1963 and is headquartered in Philadelphia,
Pennsylvania.
On January 27, CMCSA declared a quarterly dividend of $0.27 per share.
This is a 8.0%
increase from prior dividend of $0.25.
Payable April 27 for
shareholders of record April 6, ex-div April 5.
West Bancorporation, Inc. (WTBA)
West Bancorporation, Inc. operates as the financial holding
company for West Bank that provides community banking and trust services to
individuals and small- to medium-sized businesses in the United States. It
accepts various deposit products, including checking, savings, and money market
accounts, as well as time certificates of deposit. West Bancorporation, Inc.
was founded in 1893 and is headquartered in West Des Moines, Iowa.
On January 27, WTBA declared a quarterly dividend of $0.25 per share.
This is a 4.2%
increase from prior dividend of $0.24.
Payable February 23
for shareholders of record February 9 ex-div February 8.
SJW Group (SJW)
SJW Group, through its subsidiaries, provides water utility
services in the United States. It engages in the production, purchase, storage,
purification, distribution, wholesale, and retail sale of water and wastewater
services. SJW Group was incorporated in 1985 and is headquartered in San Jose,
California.
On January 27, SJW declared a quarterly dividend of $0.364 per share.
This is a 5.9%
increase from prior dividend of $0.34.
Payable March 1 for
shareholders of record February 7, ex-div February 4.
Arrow Financial Corporation (AROW)
Arrow Financial Corporation, a bank holding company,
provides commercial and consumer banking, and financial products and services.
The company’s deposit products include demand deposits, interest-bearing
checking accounts, savings deposits, time deposits, and other time deposits.
Arrow Financial Corporation was founded in 1851 and is headquartered in Glens
Falls, New York.
On January 27, AROW declared a quarterly dividend of $0.27 per share.
This is a 3.8%
increase from prior dividend of $0.26.
Payable March 15 for
shareholders of record March 1, ex-div February 28.
Westamerica Bancorporation (WABC)
Westamerica Bancorporation operates as a bank holding
company for the Westamerica Bank that provides various banking products and
services to individual and commercial customers. The company accepts various
deposit products, including retail savings and checking accounts, as well as
certificates of deposit. Westamerica Bancorporation was founded in 1972 and is
headquartered in San Rafael, California.
On January 27, WABC declared a quarterly dividend of $0.42 per share.
This is a 2.4%
increase from prior dividend of $0.41.
Payable February 18
for shareholders of record February 7, ex-div February 4.
CMS Energy Corporation (CMS)
CMS Energy Corporation operates as an energy company
primarily in Michigan. The company operates through four segments: Electric
Utility, Gas Utility, Enterprises, and EnerBank. CMS Energy Corporation was
founded in 1987 and is headquartered in Jackson, Michigan.
On January 27, CMS declared a quarterly dividend of $0.46 per share.
This is a 5.7%
increase from prior dividend of $0.435.
Payable February 28
for shareholders of record February 11, ex-div February 10.
Polaris Inc. (PII)
Polaris Inc. designs, engineers, manufactures, and markets
power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles,
Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. Polaris Inc. was
founded in 1954 and is headquartered in Medina, Minnesota.
On January 27, PII declared a quarterly dividend of $0.64 per share.
This is a 1.6%
increase from prior dividend of $0.63.
Payable March 15 for
shareholders of record March 1, ex-div February 28.
Wintrust Financial Corporation (WTFC)
Wintrust Financial Corporation operates as a financial holding
company. It operates in three segments: Community Banking, Specialty Finance,
and Wealth Management. The Community Banking segment offers non-interest
bearing deposits, non-brokered interest-bearing transaction accounts, and
savings and domestic time deposits; home equity, consumer, and real estate
loans; safe deposit facilities; and automatic teller machine (ATM), online and
mobile banking, and other services. Wintrust Financial Corporation was founded
in 1991 and is headquartered in Rosemont, Illinois.
On January 27, WTFC declared a quarterly dividend of $0.34 per share.
This is a 9.7%
increase from prior dividend of $0.31.
Payable February 24
for shareholders of record February 10, ex-div February 9.
Simmons First National Corporation (SFNC)
Simmons First National Corporation operates as the holding
company for Simmons Bank that provides banking and other financial products and
services to individuals and businesses. Simmons First National Corporation was
founded in 1903 and is headquartered in Pine Bluff, Arkansas.
On January 27, SFNC declared a quarterly dividend of $0.19 per share.
This is a 5.6%
increase from prior dividend of $0.18.
Payable April 4 for
shareholders of record March 15, ex-div March 14.
Franco-Nevada Corporation (FNV)
Franco-Nevada Corporation operates as a gold-focused royalty
and stream company in the United States, Latin America, Canada, Australia,
Europe, and Africa, and internationally. It operates through two segment,
Mining and Energy. The company manages its portfolio with a focus on precious
metals, such as gold, silver, and platinum group metals; and energy comprising
oil, gas, and natural gas liquids. The company was incorporated in 2007 and is
headquartered in Toronto, Canada.
On January 27, FNV declared a quarterly dividend of $0.32 per share.
This is a 6.7%
increase from prior dividend of $0.30.
Payable March 31 for
shareholders of record March 17, ex-div March 16.
Booz Allen Hamilton Holding Corporation (BAH)
Booz Allen Hamilton Holding Corporation provides management
and technology consulting, analytics, engineering, digital, mission operations,
and cyber solutions to governments, corporations, and not-for-profit
organizations in the United States and internationally. Booz Allen Hamilton
Holding Corporation was founded in 1914 and is headquartered in McLean,
Virginia.
On January 28, BAH declared a quarterly dividend of $0.43 per share.
This is a 16.2%
increase from prior dividend of $0.37.
Payable March 2 for
shareholders of record February 11, ex-div February 10.
Church & Dwight Co., Inc. (CHD)
Church & Dwight Co., Inc. develops, manufactures, and
markets household, personal care, and specialty products in the United States
and internationally. It operates in three segments: Consumer Domestic, Consumer
International, and Specialty Products Division. The company was founded in 1846
and is headquartered in Ewing, New Jersey.
On January 28, CHD declared a quarterly dividend of $0.2625 per share.
This is a 4.0%
increase from prior dividend of $0.2525.
Payable March 1 for
shareholders of record February 15, ex-div February 14.
Nexstar Media Group, Inc. (NXST)
Nexstar Media Group, Inc., a television broadcasting and
digital media company, focuses on the acquisition, development, and operation
of television stations and interactive community websites and digital media
services in the United States. The company offers free programming to
television viewing audiences. Nexstar Media Group, Inc. was founded in 1996 and
is headquartered in Irving, Texas.
On January 28, NXST declared a quarterly dividend of $0.90 per share.
This is a 28.6%
increase from prior dividend of $0.70.
Payable February 28
for shareholders of record February 11, ex-div February 10.
GATX Corporation (GATX)
GATX Corporation (NYSE: GATX) strives to be recognized as
the finest railcar leasing company in the world by our customers, our
shareholders, our employees and the communities where we operate. As the
leading global railcar lessor, GATX has been providing quality railcars and services
to its customers for more than 122 years. GATX has been headquartered in
Chicago, Illinois since its founding in 1898.
On January 28, GATX declared a quarterly dividend of $0.52 per share.
This is a 4.0%
increase from prior dividend of $0.50.
Payable March 31 for
shareholders of record February 25, ex-div February 24.
Cincinnati Financial Corporation (CINF)
Cincinnati Financial Corporation, together with its
subsidiary, provides property casualty insurance products in the United States.
The company operates through five segments: Commercial Lines Insurance,
Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance,
and Investments. Cincinnati Financial Corporation was founded in 1950 and is
headquartered in Fairfield, Ohio.
On January 28, CINF declared a quarterly dividend of $0.69 per share.
This is a 9.5%
increase from prior dividend of $0.63.
Payable April 15 for
shareholders of record March 18, ex-div March 17.
