Dividend Changes to Know Now: Enterprise Products Partners, Kaiser Aluminum, Packaging Corp. of America, Mercantile Bank, Enterprise Bancorp
Enterprise Products Partners LP (NYSE:EPD): Current Price $54.84
Enterprise Products increases quarterly dividend to 66c per share. Enterprise Products Partners announced that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to 66c per common unit, or $2.64 per unit on an annualized basis. The quarterly distribution will be paid on Thursday, February 7 to unitholders of record as of the close of business on Thursday, January 31. This distribution rate, which represents a 6.5% increase over the 62c per unit distribution rate declared with respect to the fourth quarter of 2011, is the 43rd distribution rate increase since Enterprise’s initial public offering in 1998 and the 34th consecutive quarterly increase.
Kaiser Aluminum Corporation (NASDAQ:KALU): Current Price $62.64
Kaiser Aluminum increases dividend 20% to 30c per share. Kaiser Aluminum Corporation announced that its board has declared a quarterly cash dividend payment of 30c per share on the company’s outstanding common stock, representing a 20% increase over the prior quarter’s dividend. The dividend will be payable on February 15 to shareholders of record as of the close of business on January 25.
Packaging Corp. of America (NYSE:PKG): Current Price $40.02
Packaging Corp. raises annual dividend 25% to $1.25 per share. Packaging Corporation announced that it intends to increase the quarterly cash dividend on its company stock from an annual payout of $1.00 per share to $1.25 per share. The first quarterly dividend of 31.25c per share will be paid on April 15 to shareholders of record as of March 15.
Mercantile Bank Corp. (NASDAQ:MBWM): Current Price $17.21
Mercantile Bank raises dividend to 10c per share from 9c per share. Mercantile Bank announced that on January 10 its board declared a regular quarterly cash dividend of 10c per common share, payable March 8 to holders of record as of February 8. The 10c cash dividend represents an increase of 11% from the 9c cash dividend paid during Q4.
Enterprise Bancorp Inc. (NASDAQ:EBTC): Current Price $16.53
Enterprise Bancorp increases dividend 4.5% to 11.5c. On January 15 the Board of Directors of Enterprise Bancorp declared a quarterly dividend of 11.5c per share to be paid on March 1 to shareholders of record as of February 8. The quarterly dividend represents a 4.5% increase over the 2012 dividend rate.