Dividend Increase - Royal Bank of Canada (RY)

 

Thursday, May 30th the Board of Directors of Royal Bank of Canada (RY) announced a quarterly dividend increase of from C$1.38 to C$1.42 per share that’s payable August 23, 2024 to holders of record July 25, 2024. This represents a 2.90% increase over the last quarterly dividend. It should be noted that this is the second increase in the last 12 months. In November 2023, RY increased quarterly dividend from C$1.35 to C$1.38 or 2.22%, bringing the annual increase to 5.19%.

With current price C$148.27(yesterday's close), this raise brings their dividend yield to 3.83%.

Dividend Increase - LyondellBasell Industries N.V. (LYB)

 

Friday, May 24th the Board of Directors of LyondellBasell Industries N.V. (LYB) announced a quarterly dividend increase of from $1.25 to $1.34 per share that’s payable June 10, 2024 to holders of record June 3, 2024. This represents a 7.20% increase over the last quarter dividend.

"Today's 7 percent dividend increase reflects LyondellBasell's confidence in our ability to navigate dynamic markets, unlock value with our focused new strategy and grow shareholder returns," said LYB CEO Peter Vanacker. "The increased dividend will mark 2024 as our 14th consecutive year of annual dividend growth."

With current price $98.54 (Friday's close), this raise brings their dividend yield to 5.44%.

Week in Review 21/24

 

Welcome and thanks for reading!

In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.

Dividend Increase - Flowers Foods, Inc. (FLO)

 

Thursday, May 23th the Board of Directors of Flowers Foods, Inc. (FLO) announced a quarterly dividend increase of from $0.23 to $0.24 per share that’s payable June 20, 2024 to holders of record June 6, 2024. This represents a 4.35% increase over the last quarterly dividend. This is the 87th consecutive quarterly dividend paid by the company.

“The board is pleased to reward shareholders with a dividend increase, reflecting our confidence in Flowers’ ability to deliver earnings growth in line with our long-term financial targets,” said Ryals McMullian, chairman and CEO of Flowers Foods. “The dividend is an important part of our mission to allocate capital to enhance shareholder returns. Our strong balance sheet and solid cash flow generation provide a competitive advantage and enable investments in future growth as well as an increasing dividend.”

With current price $23.61 (yesterday's close), this raise brings their dividend yield to 4.07%.

Dividend Increase - Realty Income Corporation (O)

 

Friday, May 17th the Board of Directors of Realty Income Corporation (O) announced a monthly dividend increase of from $0.2570 to $0.2625 per share that’s payable June 14, 2024 to holders of record June 3, 2024. This represents a 2.14% increase over the last monthly dividend.

"Realty Income's mission is to provide stockholders with a dependable monthly dividend that grows over time," said Sumit Roy, Realty Income's President and Chief Executive Officer. "This is the 107th consecutive quarter that we have declared a dividend increase since our 1994 NYSE listing and represents the 647th consecutive monthly dividend throughout our 55-year operating history."

With current price $54.98 (today's open), this raise brings their dividend yield to 5.73%.

Week in Review 20/24

 

Welcome and thanks for reading!

In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.

Dividend Income - April 2024

 

The fourth month of the year is over, May is also already the halfway point and summer starts in a few weeks. In April 2024 my portfolio dividend income was as follows:

Week in Review 19/24

 

Welcome and thanks for reading!

In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.

Dividend Increase - TELUS Corporation (TSE:T)

Thursday, May 9th the Board of TELUS Corporation (TSE:T) announced a quarterly dividend increase of from C$0.3761 to C$0.3891 per share that’s payable July 2, 2024 to holders of record June 10, 2024. This represents a 3.46% increase over the last quarterly dividend.

It should be noted that this is the second increase in the last 12 months. In November 2023, TELUS increased quarterly dividend from C$ 0.3636 to C$ 0.3761 or 3.44%, bringing the annual increase to 7.0%.

With current price C$22.41 (yesterday's close), this raise brings their dividend yield to 6.95%.

Dividend Increase - Main Street Capital Corporation (MAIN)

 

Tuesday, May 7th the Board of Directors of Main Street Capital Corporation (MAIN) announced a monthly dividend increase of from $0.24 to $0.245 per share that’s payable July 15, 2024 to holders of record July 8, 2024. This represents a 2.08% increase over the last monthly dividend and a 6.5% increase from the regular monthly dividends paid in the third quarter of 2023.

In addition to the regular monthly dividends for the third quarter of 2024, the Board of Directors declared a supplemental cash dividend of $0.30 per share payable in June 2024.

With current price $50.70 (yesterday's close), this raise brings their dividend yield to 5.80%.

Week in Review 18/24

 

Welcome and thanks for reading!

In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.

Dividend Increase - RTX Corporation (RTX)

 

Today, May 3rd the Board of Directors of RTX Corporation (RTX) announced a quarterly dividend increase of from $0.59 to $0.63 per share that’s payable June 13, 2024 to holders of record May 17, 2024. This represents a 6.78% increase over the last quarter dividend.

"The growth of RTX's dividend reflects our confidence that our portfolio is strong and demand for our products continues to grow," said RTX President and CEO Chris Calio. "We are on track to return between $36 and $37 billion of capital to shareowners through dividends and share repurchases from the date of the merger through 2025."

With current price $101.89 (yesterday's close), this raise brings their dividend yield to 2.47%.

Dividend Increase - Unum Group (UNM)

 

Tuesday, April 30th the Board of Directors of Unum Group (UNM) votes a quarterly dividend increase of from $0.365 to $0.42 per share effective with the dividend expected to be paid in the third quarter of 2024. This represents a 15.1% increase over the last quarterly dividend.

With current price $50.70 (yesterday's close), this raise brings their dividend yield to 3.31%.