Dividend increase #20 of 2024 : SFL Corporation

The Board of Directors of SFL Corporation (NYSE:SFL) has declared a quarterly cash dividend of $0.27 per share. The dividend will be paid on or around June 26, to shareholders of record as of May 28, and the ex-dividend date on the New York Stock Exchange will be May 27, 2024.

 

New purchase : Fortis Inc.

Added 19 shares of Fortis Inc. (TSE:FTS) at CAD 56.18 per share. I now hold 112 shares of Fortis Inc.

Chimera Investment Corp announced reverse stock split 3-to-1

 Chimera Investment Corporation (NYSE: CIM) announced today that its Board of Directors has unanimously approved a reverse stock split of the Company’s common stock at a ratio of 1-for-3.

1-for-3 Reverse Stock Split

The reverse stock split is expected to take effect following the close of business on May 21, 2024. Accordingly every three issued and outstanding shares of the Company’s common stock will be converted into one share of the Company’s common stock. The Company’s common stock is expected to begin trading on the New York Stock Exchange on a post-reverse stock split basis beginning on May 22, 2024, under a new CUSIP number: 16934Q 802.

The Company is implementing the reverse stock split with the objective of reducing Chimera’s number of shares of common stock outstanding to more closely align with the number of common shares outstanding for companies of a similar market capitalization. As a result of the reverse stock split, the number of outstanding shares of Chimera’s common stock will be reduced from approximately 241.4 million to approximately 80.5 million. Concurrently, the number of shares of common stock the Company is authorized to issue will be reduced from 500 million to 166.7 million. Furthermore, the Company believes the reverse stock split will make the common stock more attractive to a broader range of investors, which has the potential to reduce share price volatility over time.

No fractional shares will be issued in connection with the reverse stock split. Instead, each stockholder that would hold fractional shares as a result of the reverse stock split will be entitled to receive, in lieu of such fractional shares, cash in an amount based on the closing price of the Company's common stock on the New York Stock Exchange on May 21, 2024. 

Since I own 175 shares of CIM, this reverse split will change my share count to 58

 

Dividend increase #19 of 2024: Pembina Pipeline Corp.

Pembina Pipeline (TSE:PPL) declares CAD 0.69/share quarterly dividend, 3.4% increase from prior dividend of CAD 0.67. Forward yield 5.49%, payable June 28; for shareholders of record June 17; ex-div June 17.

 

Dividend increase #18 of 2024 : Telus Corporation

The TELUS Board of Directors declared a quarterly dividend of $0.3891 per share on the issued and outstanding Common Shares of the Company payable on July 2, 2024 to holders of record at the close of business on June 10, 2024. This quarterly dividend reflects an increase of 7.0 per cent from the $0.3636 per share dividend declared one year earlier and consistent with our multi-year dividend growth program. When a dividend payment date falls on a weekend or holiday, the payment shall be made on the next succeeding day that is a business day.

Main Street Capital to pay supplemental dividend in June

In addition to the regular monthly dividends for the third quarter of 2024, the Board of Directors declared a supplemental cash dividend of $0.30 per share payable in June 2024. This supplemental cash dividend, which will be payable as set forth in the table below, will be paid out of Main Street's undistributed taxable income (taxable income in excess of dividends paid) as of March 31, 2024.

 

Dividend increase #17 of 2024 : Main Street Capital Corporation

Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.245 per share for each of July, August and September 2024. These monthly dividends, which will be payable pursuant to the table below, total $0.735 per share for the third quarter of 2024 and represent a 2.1% increase from the regular monthly dividends declared for the second quarter of 2024 and a 6.5% increase from the regular monthly dividends paid in the third quarter of 2023. Since its October 2007 initial public offering, Main Street has periodically increased the amount of its regular monthly dividends paid per share and has never reduced its regular monthly dividend amount per share.

Summary of Third Quarter 2024 Regular Monthly Dividends
Declared	Ex-Dividend Date	Record Date	Payment Date	Amount Per Share
5/6/2024	7/8/2024	7/8/2024	7/15/2024	$0.245
5/6/2024	8/8/2024	8/8/2024	8/15/2024	$0.245
5/6/2024	9/6/2024	9/6/2024	9/13/2024	$0.245
		Total for Third Quarter 2024:		$0.735