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, 39 companies announced dividend increases and one
decrease. 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.
Jack Henry & Associates, Inc. (JKHY)
Jack Henry & Associates, Inc. provides technology
solutions and payment processing services primarily for financial services
organizations in the United States. It operates through four segments: Core,
Payments, Complementary, and Corporate and Other. Jack Henry & Associates,
Inc. was founded in 1976 and is headquartered in Monett, Missouri.
On February 14, JKHY declared a quarterly dividend of $0.49 per share.
This is a 6.5%
increase from prior dividend of $0.46.
Payable March 25 for
shareholders of record March 8, ex-div March 7.
FirstService Corporation (FSV)
FirstService Corporation, together with its subsidiaries,
provides residential property management and other essential property services
to residential and commercial customers in the United States and Canada. The
company operates in two segments, FirstService Residential and FirstService
Brands. FirstService Corporation was founded in 1989 and is headquartered in
Toronto, Canada.
On February 14, FSV declared a quarterly dividend of $0.2025 per share.
This is an 11.0%
increase from prior dividend of $0.1825.
Payable April 7 for
shareholders of record March 31, ex-div march 30.
Genuine Parts Company (GPC)
Genuine Parts Company distributes automotive replacement
parts, and industrial parts and materials. The company distributes automotive
replacement parts for imported vehicles, hybrid and electric vehicles, trucks,
SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines,
farm equipment, marine equipment, and heavy duty equipment; and accessory and
supply items used by various automotive aftermarket customers, such as repair
shops, service stations, fleet operators, automobile and truck dealers, leasing
companies, bus and truck lines, mass merchandisers, farms, industrial concerns,
and individuals. The company was incorporated in 1928 and is headquartered in
Atlanta, Georgia.
On February 14, GPC declared a quarterly dividend of $0.895 per share.
This is a 9.8%
increase from prior dividend of $0.815.
Payable April 1 for
shareholders of record March 4, ex-div March 3.
Whirlpool Corporation (WHR)
Whirlpool Corporation manufactures and markets home
appliances and related products. It operates through four segments: North
America; Europe, Middle East and Africa; Latin America; and Asia. Whirlpool
Corporation was founded in 1911 and is headquartered in Benton Harbor,
Michigan.
On February 14, WHR declared a quarterly dividend of $1.75 per share.
This is a 25.0%
increase from prior dividend of $1.40.
Payable March 15 for
shareholders of record February 25, ex-div February 24.
Restaurant Brands International Inc. (QSR)
Restaurant Brands International Inc. owns, operates, and
franchises quick service restaurants under the Tim Hortons (TH), Burger King
(BK), and Popeyes (PLK) brands. The company operates through three segments:
TH, BK, and PLK. Restaurant Brands International Inc. was founded in 1954 and is
headquartered in Toronto, Canada.
On February 15, QSR declared a quarterly dividend of $0.54 per share.
This is a 1.9%
increase from prior dividend of $0.53.
Payable April 6 for
shareholders of record March 23, ex-div March 22.
TC Energy Corporation (TRP)
TC Energy Corporation operates as an energy infrastructure
company in North America. It operates through five segments: Canadian Natural
Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines;
Liquids Pipelines; and Power and Storage. The company builds and operates
93,300 km network of natural gas pipelines, which transports natural gas from
supply basins to local distribution companies, power generation plants,
industrial facilities, interconnecting pipelines, LNG export terminals, and
other businesses. TC Energy Corporation was incorporated in 1951 and is headquartered
in Calgary, Canada.
On February 15, TRP declared a quarterly dividend of C$0.90 per share.
This is a 3.4%
increase from prior dividend of C$0.87.
Payable April 29 for
shareholders of record March 31, ex-div March 30.
Magna International Inc. (MGA)
Magna International Inc. designs, engineers, and
manufactures components, assemblies, systems, subsystems, and modules for
original equipment manufacturers of vehicles and light trucks worldwide. The
company operates through four segments: Body Exteriors & Structures, Power
& Vision, Seating Systems, and Complete Vehicles. Magna International Inc.
was founded in 1957 and is headquartered in Aurora, Canada.
On February 15, MGA declared a quarterly dividend of $0.45 per share.
This is a 4.7% increase
from prior dividend of $0.43.
Payable March 11 for
shareholders of record February 25, ex-div February 24.
Public Service Enterprise Group Incorporated (PEG)
Public Service Enterprise Group Incorporated, through its
subsidiaries, operates as an energy company primarily in the Northeastern and
Mid-Atlantic United States. It operates through two segments, PSE&G and
PSEG Power. Public Service Enterprise Group Incorporated was incorporated in
1985 and is based in Newark, New Jersey.
On February 15, PEG declared a quarterly dividend of $0.54 per share.
This is a 5.9%
increase from prior dividend of $0.51.
Payable March 31 for
shareholders of record March 10, ex-div March 9.
Kinsale Capital Group, Inc. (KNSL)
Kinsale Capital Group, Inc., a specialty insurance company,
provides property and casualty insurance products in the United States. Its
commercial lines offerings include construction, small business, excess and
general casualty, commercial property, allied health, life sciences, energy,
environmental, health care, inland marine, public entity, and commercial
insurance, as well as product, professional, and management liability insurance.
The company markets and sells its insurance products in all 50 states, the
District of Columbia, the Commonwealth of Puerto Rico, and the U.S. Virgin
Islands primarily through a network of independent insurance brokers. Kinsale
Capital Group, Inc. was founded in 2009 and is headquartered in Richmond,
Virginia.
On February 15, KNSL declared a quarterly dividend of $0.13 per share.
This is an 18.2%
increase from prior dividend of $0.11.
Payable March 14 for
shareholders of record March 2, ex-div March 1.
Global Industrial Company (GIC)
Global Industrial Company, through its subsidiaries,
operates as a direct marketer of brand name and private label industrial and
business equipment and supplies in North America. It sells a range of
maintenance, repair, and operation products, including storage and shelving,
material handling, janitorial and maintenance products, furniture and office
products, workbenches and shop desks, HVAC/R and fans, safety and security
products, outdoor and grounds maintenance products, tools and instruments, and
office and school supplies. The company was formerly known as Systemax Inc.
Global Industrial Company was founded in 1949 and is headquartered in Port
Washington, New York.
On February 15, GIC declared a quarterly dividend of $0.18 per share.
This is a 12.5%
increase from prior dividend of $0.16.
Payable April 15 for
shareholders of record March 31, ex-div March 30.
First Financial Northwest, Inc. (FFNW)
First Financial Northwest, Inc. operates as the bank holding
company for First Financial Northwest Bank that provides commercial banking
services in Washington. The company offers a range of deposit products,
including noninterest bearing accounts, interest-bearing demand accounts, money
market deposit accounts, statement savings accounts, and certificates of
deposit. First Financial Northwest, Inc. was founded in 1923 and is
headquartered in Renton, Washington.
On February 15, FFNW declared a quarterly dividend of $0.12 per share.
This is a 9.1%
increase from prior dividend of $0.11.
Payable March 25 for
shareholders of record March 11, ex-div March 10.
Sonic Automotive, Inc. (SAH)
Sonic Automotive, Inc. operates as an automotive retailer in
the United States. It operates in two segments, Franchised Dealerships and
EchoPark. The Franchised Dealerships segment is involved in the sale of new and
used cars and light trucks, and replacement parts; provision of vehicle
maintenance, manufacturer warranty repair, and paint and collision repair
services; and arrangement of extended warranties, service contracts, financing,
insurance, and other aftermarket products. Sonic Automotive, Inc. was founded
in 1997 and is based in Charlotte, North Carolina.
On February 16, SAH declared a quarterly dividend of $0.25 per share.
This is a 108.3%
increase from prior dividend of $0.12.
Payable April 14 for
shareholders of record March 15, ex-div March 14.
Nu Skin Enterprises, Inc. (NUS)
Nu Skin Enterprises, Inc. develops and distributes beauty
and wellness products worldwide. It provides skin care systems, including
ageLOC Spa systems, ageLOC Transformation anti-aging skin care systems, and
ageLOC LumiSpa skin treatment and cleansing devices; and ageLOC Boost, as well
as a range of other cosmetic and personal care products. Nu Skin Enterprises,
Inc. was founded in 1984 and is headquartered in Provo, Utah.
On February 16, NUS declared a quarterly dividend of $0.385 per share.
This is a 1.3%
increase from prior dividend of $0.38.
Payable March 9 for
shareholders of record February 28, ex-div February 25.
Extra Space Storage Inc. (EXR)
Extra Space Storage Inc., headquartered in Salt Lake City,
Utah, is a self-administered and self-managed REIT and a member of the S&P
500. As of September 30, 2020, the Company owned and/or operated 1,906
self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company
is the second largest owner and/or operator of self-storage stores in the
United States and is the largest self-storage management company in the United
States.
On February 16, EXR declared a quarterly dividend of $1.50 per share.
This is a 20.0%
increase from prior dividend of $1.25.
Payable March 31 for
shareholders of record March 15, ex-div March 14.
Evans Bancorp, Inc. (EVBN)
Evans Bancorp, Inc. primarily operates as the financial
holding company for Evans Bank, N.A. that provides a range of banking products
and services to consumer and commercial customers in Western New York and the
Finger Lakes Region of New York State. It operates in two segments, Banking
Activities and Insurance Agency Activities. Evans Bancorp, Inc. was founded in
1920 and is headquartered in Williamsville, New York.
On February 16, EVBN declared a semi-annual dividend of $0.62 per share.
This is a 3.3%
increase from prior dividend of $0.60.
Payable April 5 for
shareholders of record March 11, ex-div March 10.
The Sherwin-Williams Company (SHW)
The Sherwin-Williams Company develops, manufactures,
distributes, and sells paints, coatings, and related products to professional,
industrial, commercial, and retail customers. It operates in three segments:
The Americas Group, Consumer Brands Group, and Performance Coatings Group. The
Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland,
Ohio.
On February 16, SHW declared a quarterly dividend of $0.60 per share.
This is a 9.1%
increase from prior dividend of $0.55.
Payable March 11 for
shareholders of record February 28, ex-div February 25.
Perrigo Company plc (PRGO)
Perrigo Company plc provides over-the-counter (OTC) health
and wellness solutions that enhance individual well-being by empowering
consumers to prevent or treat conditions that can be self-managed. The company
operates through Consumer Self-Care Americas, Consumer Self-Care International,
and Prescription Pharmaceuticals segments. Perrigo Company plc was founded in
1887 and is headquartered in Dublin, Ireland.
On February 16, PRGO declared a quarterly dividend of $0.26 per share.
This is an 8.3%
increase from prior dividend of $0.24.
Payable March 17 for
shareholders of record February 28, ex-div February 25.
CSX Corporation (CSX)
CSX Corporation, together with its subsidiaries, provides
rail-based freight transportation services. The company offers rail services;
and transportation of intermodal containers and trailers, as well as other
transportation services, such as rail-to-truck transfers and bulk commodity
operations. It transports chemicals, agricultural and food products,
automotive, minerals, forest products, fertilizers, and metals and equipment;
and coal, coke, and iron ore to electricity-generating power plants, steel
manufacturers, and industrial plants, as well as exports coal to deep-water
port facilities. CSX Corporation was incorporated in 1978 and is headquartered
in Jacksonville, Florida.
On February 16, CSX declared a quarterly dividend of $0.10 per share.
This is a 7.5%
increase from prior dividend of $0.093.
Payable March 15 for
shareholders of record February 28, ex-div February 25.
Equinix, Inc. (EQIX)
Equinix (Nasdaq: EQIX) is the world's digital infrastructure
company, enabling digital leaders to harness a trusted platform to bring
together and interconnect the foundational infrastructure that powers their
success. Equinix enables today's businesses to access all the right places,
partners and possibilities they need to accelerate advantage. With Equinix,
they can scale with agility, speed the launch of digital services, deliver
world-class experiences and multiply their value.
On February 16, EQIX declared a quarterly dividend of $3.10 per share.
This is an 8.0%
increase from prior dividend of $2.87.
Payable March 23 for
shareholders of record March 7, ex-div March 4.
EnPro Industries, Inc. (NPO)
EnPro Industries, Inc. engages in the design, development,
manufacture, marketing, and service of engineered industrial products
worldwide. It operates through three segments: Sealing Technologies, Advanced
Surface Technologies, and Engineered Materials. The company was incorporated in
2002 and is headquartered in Charlotte, North Carolina.
On February 16, NPO declared a quarterly dividend of $0.28 per share.
This is a 3.7%
increase from prior dividend of $0.27.
Payable March 16 for
shareholders of record March 2, ex-div March 1.
