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Good morning!
We’re starting Thursday with three dividend hikes, including two inflation-beaters.
The biggest raise comes from a company that hadn’t increased its dividend in years, so let’s begin there.
Packaging Corporation of America ($PKG) Raises Dividend By 20%
Packaging Corporation of America is the third-largest producer of containerboard and corrugated packaging products in the United States. The company manufactures cardboard boxes, retail-ready displays, and custom packaging solutions.
The stock has paid dividends since 2003, though until this week, Packaging Corporation of America had not raised its dividend since 2022.
Yesterday, the company announced a 20% increase.
Packaging Corporation of America will now pay a $1.50/share quarterly dividend.
Ex-dividend date: 6/15/26
Payout date: 7/15/26
Forward starting dividend yield: 2.73%
ICL Group Ltd ($ICL) Raises Dividend By 15.1%
ICL Group Ltd is a minerals and chemicals company that produces potash, bromine, and specialty phosphates used in agriculture, manufacturing, pharmaceuticals, and water treatment.
Specialty fertilizers are one of the company’s core businesses, and with fertilizer demand surging, ICL stock has jumped more than 26% over the past month.
The company also recently announced a 15.1% dividend increase.
ICL Group Ltd will now pay a $0.0535/share quarterly dividend.
Ex-dividend date: 6/2/26
Payout date: 6/17/26
Forward starting dividend yield: 3.35%
Farmers & Merchants Bancorp ($FMCB) Raises Dividend By 4.9%
Farmers & Merchants Bancorp was ranked the 20th-largest bank lender to agriculture in the United States in 2025 by the American Bankers Association.
It is the parent company of Farmers & Merchants Bank of Central California, a community bank that has paid dividends for 91 consecutive years and increased its dividend for 61 straight years.
Yesterday, the firm announced its latest increase, a 4.9% raise.
Farmers & Merchants Bancorp will now pay a $5.35/share quarterly dividend.
Ex-dividend date: 6/12/26
Payout date: 7/1/26
Forward starting dividend yield: 1.63%
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Thank you for reading, and enjoy your day!
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Disclaimer: This article is for entertainment purposes only. It is not financial advice, always do your own research.
