Over the past week, the following companies either announced a dividend increase, initiated a dividend, or declared a special dividend…

  • Weyerhaeuser Company (WY) announced that its board of directors has authorized a 13% increase in the company’s regular quarterly cash dividend, to $.17 per share from $.15. The dividend is payable November 30 to shareholders of record at the close of business November 9.
  • The Progressive Corporation (PGR) declared a special cash dividend of $1.00 per common share, payable November 29 to shareholders of record at the close of business on November 21.
  • Healthcare Services (HGSC) announced it will raise its quarterly dividend to $.165 per share. The dividend is payable on November 30 to shareholders of record at the close of business on October 26.
  • Senior Housing Properties Trust (SNH) announced it has raised its regular quarterly common share dividend by $.01 to $.39 per common share, or $1.56 per share per year. The next quarterly dividend will be paid to shareholders of record as of the close of business on October 22 and distributed on or about November 20.
  • International Paper (IP) declared a dividend increase of 15% to $.30 per share from $.26 per share. This dividend is payable on December 17, to holders of record at the close of business on November 15.
  • Select Income REIT (SIR) announced it has raised its regular quarterly common distribution by $.02 to $.42 per common share, representing a 5% increase to $1.68 per share per year. This distribution will be paid to holders of record of common shares as of the close of business on October 22 and will be distributed on or about November 19.
  • Hospitality Properties Trust (HPT) announced it has raised its regular quarterly common share distribution by 4% or $.02 to $.47 per common share, or $1.88 per share per year. This distribution will be paid to HPT’s common shareholders of record as of the close of business on October 22 and distributed on or about November 21.

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  • Government Properties Income Trust (GOV) announced it has raised its regular quarterly common share distribution by $.01 to $.43 per common share, or $1.72 per share per year. This distribution will be paid to GOV’s common shareholders of record as of the close of business on October 22 and distributed on or about November 21.
  • The Fastenal Company (FAST) declared a dividend of $.21 per share, and increase from $.19 per share or 11%, to be paid in cash on November 26 to shareholders of record at the close of business on October 29.
  • Richardson Electronics (RELL) declared a $.06 dividend per share to all holders of common stock and a $.054 cash dividend per share to all holders of Class B common stock. The dividend will be payable on November 27 to all common stockholders of record on November 13.
  • Targa Resources (TRGP) has declared a quarterly cash dividend of $.4225 per share, or $1.69 per common share on an annualized basis. The dividend represents increases of approximately 7% over the previous quarter’s dividend, of $.39. This cash dividend will be paid November 15 on all outstanding common shares to holders of record as of the close of business on October 22.
  • First Trust Energy Income and Growth Fund (FEN) increased its regularly scheduled quarterly distribution $.01 to $.50 per share from $.49 per share. The distribution will be payable on October 31 to shareholders of record as of October 24.
  • Iron Mountain (IRM) has declared a special dividend to shareholders in connection with the company’s previously announced plan to convert into a REIT. The special dividend of $700 million, or approximately $4.07 per share is based on the number of shares currently outstanding, representing a significant part of the distribution that would eventually be required should the company successfully convert to a REIT.

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