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, 10 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.
Horace Mann Educators Corporation (HMN)
Horace Mann Educators Corporation, together with its
subsidiaries, operates as an insurance holding company in the United States. It
operates in three segments: Property & Casualty, Life & Retirement, and
Supplemental & Group Benefits. Horace Mann Educators Corporation was
founded in 1945 and is headquartered in Springfield, Illinois.
On March 7, HMN declared a quarterly dividend of $0.32 per share.
This is a 3.2%
increase from prior dividend of $0.31.
Payable March 31 for
shareholders of record March 17, ex-div March 16.
Equity LifeStyle Properties, Inc. (ELS)
We are a self-administered, self-managed real estate
investment trust (“REIT”) with headquarters in Chicago. As of January 25, 2021,
we own or have an interest in 423 quality properties in 33 states and British
Columbia consisting of 161,229 sites.
On March 8, ELS declared a quarterly dividend of $0.41 per share.
This is a 13.1%
increase from prior dividend of $0.3625.
Payable April 8 for
shareholders of record March 25, ex-div march 24.
Globe Life Inc. (GL)
Globe Life Inc., through its subsidiaries, provides various
life and supplemental health insurance products, and annuities to lower middle
to middle income households in the United States. The company operates through
four segments: Life Insurance, Supplemental Health Insurance, Annuities, and
Investments. Globe Life Inc. was incorporated in 1979 and is headquartered in
McKinney, Texas.
On March 8, GL declared a quarterly dividend of $0.2075 per share.
This is a 5.1%
increase from prior dividend of $0.1975.
Payable April 29 for
shareholders of record April 4, ex-div April 1.
QUALCOMM Incorporated (QCOM)
QUALCOMM Incorporated engages in the development and
commercialization of foundational technologies for the wireless industry
worldwide. The company operates through three segments: Qualcomm CDMA
Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic
Initiatives (QSI). QUALCOMM Incorporated was incorpotared in 1985 and is
headquartered in San Diego, California.
On March 9, QCOM declared a quarterly dividend of $0.75 per share.
This is a 10.3%
increase from prior dividend of $0.68.
This raise is
effective for quarterly dividends payable after March 24, 2022.
Stella-Jones Inc. (TSE:SJ)
Stella-Jones Inc. produces and markets pressure-treated wood
products in Canada and the United States. It offers railway ties and timbers
for railroad operators; and utility poles for electrical utilities and
telecommunication companies. The company also provides residential lumber and
accessories to retailers for outdoor applications; industrial products,
including pilings, wharf and bridge timbers, crane mats, railway crossings, and
laminated poles; construction timbers; and coal tar-based products. The company
was incorporation in 1992 and is based in Saint-Laurent, Canada.
On March 9, TSE:SJ declared a quarterly dividend of C$0.2 per share.
This is an 11.1%
increase from prior dividend of C$0.18.
Payable April 22 for
shareholders of record April 4, ex-div April 1.
Kadant Inc. (KAI)
Kadant Inc. supplies technologies and engineered systems
worldwide. It operates through three segments: Flow Control, Industrial
Processing, and Material Handling. Kadant Inc. was incorporated in 1991 and is
headquartered in Westford, Massachusetts.
On March 9, KAI declared a quarterly dividend of $0.26 per share.
This is a 4.0%
increase from prior dividend of $0.25.
Payable May 11 for
shareholders of record April 13, ex-div April 12.
Colgate-Palmolive Company (CL)
Colgate-Palmolive Company, together with its subsidiaries,
manufactures and sells consumer products worldwide. The company operates
through two segments, Oral, Personal and Home Care; and Pet Nutrition.
Colgate-Palmolive Company was founded in 1806 and is headquartered in New York,
New York.
On March 10, CL declared a quarterly dividend of $0.47 per share.
This is a 4.4%
increase from prior dividend of $0.45.
Payable May 13 for
shareholders of record April 21, ex-div April 20.
W. P. Carey Inc. (WPC)
W. P. Carey ranks among the largest net lease REITs with an
enterprise value of approximately $18 billion and a diversified portfolio of
operationally-critical commercial real estate that includes 1,215 net lease
properties covering approximately 142 million square feet as of September 30,
2020. For nearly five decades, the company has invested in high-quality
single-tenant industrial, warehouse, office, retail and self-storage properties
subject to long-term net leases with built-in rent escalators. Its portfolio is
located primarily in the U.S. and Northern and Western Europe and is
well-diversified by tenant, property type, geographic location and tenant
industry.
On March 10, WPC declared a quarterly dividend of $1.057 per share.
This is a 0.2%
increase from prior dividend of $1.055.
Payable April 14 for
shareholders of record March 31, ex-div March 30.
Hurco Companies, Inc. (HURC)
Hurco Companies, Inc., an industrial technology company,
designs, manufactures, and sells computerized machine tools to companies in the
metal cutting industry worldwide. Hurco Companies, Inc. was incorporated in
1968 and is headquartered in Indianapolis, Indiana.
On March 11, HURC declared a quarterly dividend of $0.15 per share.
This is a 7.1%
increase from prior dividend of $0.14.
Payable April 11 for
shareholders of record March 28, ex-div March 25.
American Tower Corporation (AMT)
American Tower Corporation, one of the largest global REITs,
is a leading independent owner, operator and developer of multitenant
communications real estate with a portfolio of approximately 219,000
communications sites.
On February 11, AMT declared a quarterly dividend of $1.40 per share.
This is a 0.7%
increase from prior dividend of $1.39.
Payable April 29 for
shareholders of record April 13, ex-div April 12.
