Dividend Increases: February 27-March 5, 2021

Summary

• This weekly article series covers dividend changes.
• A table with relevant data and key statistics of dividend increases is provided.
• We provide a snapshot analysis of one of the stocks worth considering, whether to buy or to add to your watchlist.

We monitor dividend announcements for stocks in Dividend Radar, a spreadsheet of stocks with dividend streaks of five years or more. Readers are invited to download the spreadsheet for free. The Dividend Radar spreadsheet separates stocks into categories three categories: Champions (with increase streaks of 25+ years), Contenders (10-24 years), and Challengers (5-9 years).

In the past week, 7 companies in Dividend Radar decided to increase their dividends, including one of the stocks I own. No companies announced a dividend cut/suspension during this time period.

The table below presents a summary of the dividend increases. The table is sorted into sections for Champions, Contenders, and Challengers, and then by the percentage increase, (%Incr). Dividends are annualized and in US$, unless otherwise indicated. Yield is the new dividend yield for a recent price and Yrs are years of consecutive dividend increases.

Summary of Dividend Increases: February 27-March 5, 2021

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Source: Created by the authors from data in Dividend Radar.

The following dividend increase data are sorted alphabetically by ticker.

Company descriptions are the author's summary of company descriptions sourced from Finviz.

Cabot Microelectronics Corporation (CCMP)

Founded in 1999 and headquartered in Aurora, Illinois, CCMP provides consumable materials to semiconductor manufacturers worldwide. The company’s Electronic Materials segment provides slurries that chemically and mechanically interact with surface materials of IC devices. CCMP’s Performance Materials segment provides polymer-based drag-reducing agents, wood treatment products, and precision polishing systems.

• On Mar 2, CCMP declared a quarterly dividend of 46¢ per share.
• This is an increase of 4.55% from the prior dividend of 44¢.
• Payable Apr 23, to shareholders of record on Mar 23; ex-div: Mar 22.

Canadian Natural Resources Limited (CNQ)

CNQ explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids. The company offers synthetic

Analyst’s Disclosure:I am/we are long GD. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.