Stocks That Increased their Dividends Last Week

Farmers & Merchants Bancorp, the holding company of The Farmers & Merchants State Bank, announced a 10.5% increase in its quarterly cash dividend to $0.21 per share.


Dividend increases are generally considered to be an important indicator of a company's performance for several reasons.

Strong Financial Health

A company that consistently raises its dividend is usually financially stable and profitable. By increasing dividends, a company signals to its shareholders that it is generating enough cash flow to pay out a portion of its earnings to investors while still having sufficient cash to invest in future growth.

Market Confidence

When a company announces a dividend increase, it is typically viewed as a sign of confidence in the company's future performance by the market. It signals that management believes the company can continue to grow and generate strong earnings, which can lead to an increase in the stock price.

Attraction for Investors

Dividend increases can also be attractive to investors looking for steady income. A company that consistently raises its dividend is often viewed as a reliable and stable investment opportunity, making it more appealing to income-oriented investors.

Long-Term Growth Potential

A company that raises its dividend over time may also signal that it has long-term growth potential. This can be an important factor for investors who are interested in a company's future prospects, as dividend increases can indicate that the company has a sustainable business model and is likely to continue growing in the long term.

Overall, dividend increases can provide valuable insight into a company's financial health, market confidence, and growth potential, making them an important indicator of a company's performance.

Below are companies that raised their dividends last week.


Sector: Financial Services

Industry: Banks—Regional

Subindustry: Savings Institution Federally Chartered

Farmers & Merchants Bancorp, the holding company of The Farmers & Merchants State Bank, announced a 10.5% increase in its quarterly cash dividend to $0.21 per share. The dividend is payable on April 20, 2023, to shareholders of record as of April 1, 2023. 

The bank has been providing commercial and retail banking services in Northwest Ohio and Northeast Indiana since 1897, with assets of $3.02 billion at December 31, 2022. 

The dividend increase may be attributed to the company's strong financial performance and positive outlook for the future. Investors may find the stock attractive due to its consistent dividend payouts and the bank's reputation for serving local communities.

LevelFields sent out an alert to its members before the stock rose to 7% in 6 days.


Sector: Real Estate

Industry: Reit—Healthcare Facilities

Subindustry: Healthcare Facilities

CareTrust REIT, a publicly-traded real estate investment trust, announced an increase in its quarterly common stock cash dividend from $0.275 to $0.28 per common share. The dividend will be payable to common stockholders of record as of March 31, 2023. 

The company's CEO, Dave Sedgwick, stated that the increase reflects the company's balanced approach to maintaining a pattern of steadily increasing dividends while retaining capital for future investments. 

CareTrust REIT owns and leases healthcare-related properties, including skilled nursing and senior housing, and is pursuing both external and organic growth opportunities across the United States. 

Investors may consider the company's dividend prospects as a potential factor in their decision-making process.


Sector: Consumer Cyclical

Industry: Apparel Retail

Subindustry: Clothing Stores

Shoe Carnival, a top footwear and accessories retailer, announced impressive results for the fourth quarter and fiscal year ending on January 28, 2023. 

The company's operating income margins and overall profitability have more than doubled in just three years, showcasing their sustainable profit transformation strategy. As a result of their successful growth strategies, including scaling up, improving customer experience, and carrying trending branded merchandise, Shoe Carnival has exceeded its earnings per share from the previous 13 years combined. 

The Board of Directors approved an 11% increase to the quarterly cash dividend from $0.09 to $0.10 per share, which will be paid on April 17, 2023, to shareholders of record as of April 3, 2023. 

Shoe Carnival also has $50 million available for share repurchases in 2023 if deemed appropriate.

LevelFields sent out an alert to its members before the stock surged +7% in a day.

LevelFields AI locates key events, like dividend increases, from company announcements long before most others hear about it, enabling you to capitalize on short-term and long-term stock price moves. Save hours each week on research and find more profitable trades faster by using LevelFields customizable AI alerts.

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