Canadian Banks Give Back: 13 Companies Increasing Dividends

by Marc Bastow | August 30, 2013 12:40 pm

Heading into the long Labor Day weekend as earnings season winds down, companies took a major breather on the dividend front this week. Some notable increases came from watch maker Movado (MOV[1]), communications provider Harris Corporation (HRS[2]) and a couple of Canadian banking giants.

[3]In all, 13 companies joined our list of Companies Increasing Dividends[4] list for the week. (Note: All dividend yields are as of August 30.)

Regional bank BancorpSouth (BXS[5]) raised its quarterly dividend 400% to 5 cents per share, payable on Oct. 1 to shareholders of record as of Sept. 13.
BXS Dividend Yield: 1.03%

Canada-based financial institution Bank of Nova Scotia (BNS[6]) raised its quarterly dividend 3.3% to 62 cents (Canadian). Payment and ex-dividend dates will be announced at a later time.
BNS Dividend Yield: 4.24%

Industrial property real estate investment trust Eastgroup Properties (EGP[7]) raised its quarterly dividend 1.9% to 54 cents per share, payable on Sept. 30 to shareholders of record as of September 19.
EGP Dividend Yield: 3.81%

Individual life insurance and annuity provider FBL Financial (FFG[8]) raised its quarterly dividend 36% to 15 cents per share, payable on September 30 to shareholders of record as of September 13. FBL also declared a special dividend of $2.00 per share, payable on Sept. 13 to shareholders of record as of Sept. 6.
FFG Dividend Yield: 1.34%

International communication and technology provider Harris Corporation (HRS[2]) raised its quarterly dividend 13.5% to 42 cents per share, payable on Sept. 24 to shareholders of record as of Sept. 10.
HRS Dividend Yield: 2.97%

Chicago-based financial holding company MB Financial (MBFI[9]) raised its quarterly dividend 20% to 12 cents per share, payable on Sept. 30 to shareholders of record as of Sept. 13.
MBFI Dividend Yield: 1.78%

Fine watch-maker Movado (MOV[1]) raised its quarterly dividend 60% to 8 cents per share, payable on Sept. 20 to shareholders of record as of Sept. 6.
MOV Dividend Yield: .075%

Canada’s largest bank by assets, Royal Bank of Canada (RY[10]) raised its quarterly dividend 6% to 67 cents per share, payable on Nov. 22 to shareholders of record as of Oct. 24.
RY Dividend Yield: 4.31%

Aluminum wheel manufacturer Superior Industries (SUP[11]) raised its quarterly dividend 12.5% to 18 cents per share, payable on Oct. 18 to shareholders of record as of Sept. 27.
SUP Dividend Yield: 4.10%

Arkansas-based multi-bank holding company Simmons First National (SFNC[12]) raised its quarterly dividend 5% to 21 cents per share, payable on Oct. 1 to shareholders of record as of Sept. 16.
SFNC Dividend Yield: 3.41%

Financial services and bank holding company Teche Holding (TSH[13]) raised its quarterly dividend 2.67% to 37.5 cents per share, payable on Sept. 30 to shareholders of record as of Sept. 16.
TSH Dividend Yield: 3.33%

Retail and commercial banking services provider TowneBank (TOWN[14]) raised its quarterly dividend 11% to 10 cents per share, payable on Oct. 11 to shareholders of record as of Sept.27.
TOWN Dividend Yield: 2.85%

Fabricated building products manufacturer Westlake Chemical (WLK[15]) raised its quarterly dividend 20% to 22.5 cent per share, payable on Sept. 25 to shareholders of record as of Sept. 10.
WLK Dividend Yield: 0.089%

Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing he did not hold a position in any of the aforementioned securities. For more payout winners, see previous weeks’ lists of Companies Increasing Dividends[16].

Source URL: https://investorplace.com/2013/08/dividend-increases-week-of-august-26-bns-mov-town-hrs-ffg/

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