Below is a list of companies in Canada and the United States that have increased their dividends in the month of February.
The companies we list are not the complete list of companies that have increased their dividends in Canada and the United States or the rest of the world however, they are companies we follow or own.
Canadian Companies
| Company | Previous ($) | New ($) | Change (%) |
| BCE | 0.8325 | 0.875 | 5.1 |
| Restaurant Brands International | 0.52 | 0.53 | 1.9 |
| TC Energy | 0.81 | 0.87 | 7.4 |
| TransAlta Corp. | 0.043 | 0.045 | 5.88 |
US Companies
| Company | Previous ($) | New ($) | Change (%) |
| 3M | 1.47 | 1.48 | 1.00 |
| Best Buy Co. | 0.550 | 0.700 | 27.27 |
| Cisco Systems Inc. | 0.360 | 0.370 | 2.78 |
| Coca-Cola Co. | 0.41 | 0.42 | 2.44 |
| CSX Corp | 0.260 | 0.280 | 7.69 |
| Deere & Co | 0.760 | 0.900 | 18.42 |
| Danaher Corp | 0.180 | 0.210 | 16.67 |
| Gilead Sciences Inc. | 0.680 | 0.710 | 4.41 |
| Genuine Parts Co. | 0.790 | 0.815 | 3.16 |
| Home Depot Inc. | 1.500 | 1.650 | 10.00 |
| Kansas City Southern | 0.440 | 0.540 | 22.73 |
| Moody’s Corp | 0.560 | 0.620 | 10.71 |
| Sherwin-Williams Co | 1.340 | 1.650 | 23.13 |
| Thermo Fisher Scientific Inc. | 0.220 | 0.260 | 18.18 |
| T Rowe Price Group Inc. | 0.900 | 1.080 | 20.00 |
| Gilead Sciences Inc. | 0.68 | 0.71 | 4.40 |
| PepsiCo | 0.955 | 1.0225 | 7.00 |
| Walmart | 0.54 | 0.55 | 2.00 |
| Waste Management Inc. | 0.545 | 0.575 | 5.50 |
| Western Union Co | 0.225 | 0.235 | 4.44 |
| Yum! Brands | 0.50 | 0.47 | 6.00 |
The dollar value listed per share represents a quarterly dividend payment.
Information was obtained from the companies directly.
History of PepsiCo.
PepsiCo announced a 7% dividend increase on February 4th, 2021. This increase has resulted in the quarterly dividend going from $0.955 per share to $1.0225 per share with a total annual dividend of $4.09 per share. PepsiCo has paid consecutive quarterly dividends for the past 56 years. Strikingly, in 2020 they increased their dividend for the 48th consecutive year. PepsiCo has liquidity and flexibility to not only meet the needs and growth of the company, but it also has sufficient revenue to be able to consistently reward their shareholders.
The company initially began under the name of Pepsi-Cola in late 1902. It all started with a pharmacist, Caleb D. Bradham, in New Bern, North Carolina who aspired to create a drink for people who had digestion issues or a stomachache. The drink continued to gain popularity and Bradham started to offer Pepsi-Cola in bottles. By 1910, there were 240 franchises in 24 states. The growth of the company did not stop there, it has continued to evolve and expand to what we know today, PepsiCo.
PepsiCo has a large food and beverage portfolio that includes 23 brands such as Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. The products of PepsiCo are consumed more than one billion times a day in over 200 countries and territories across the globe. By having Quaker Oatmeal and a glass of Tropicana orange juice for breakfast, some Sabra Hummus and Tostitos chips for a snack, hydrating with a can of Bubbly, and enjoying a Pepsi with some Cheetos for a special treat, PepsiCo has become an integral part of people’s everyday lives. In 2019, PepsiCo generated more than $67 billion in net revenue.
Besides the yummy treats, beverages, and snacks PepsiCo provides, they most importantly provide their shareholders with dividend income. Over the past 5 years, PepsiCo’s dividend has grown by a staggering 45.6%. It currently has a dividend yield of 3.1%.
“How will you replace your current income in retirement?” – Jim Seyers