Multiple Banks Increase Dividends Modestly Across US, Canada, India

Several financial institutions have announced dividend increases, reflecting their strong business performance and commitment to shareholder value. SouthState Corporation is raising its dividend to $0.60, maintaining a low payout ratio and demonstrating solid earnings growth with an expected 54.4% EPS expansion over the next three years. TMX Group Limited declared a 10% dividend increase to $0.22 per share, marking its fifth increase in three years, which CEO David Arnold attributed to the company's adaptive global growth strategy. S&T Bancorp, Inc. approved a 3.03% dividend increase to $0.34 per share, offering a 3.61% annualized yield, with analysts viewing the stock as an outperform despite some operational challenges. Tourism Finance Corporation of India Limited also raised its dividend to ₹3.00, supported by a 42% stock price increase over three months and a sustainable payout ratio, though the company has experienced past dividend cuts. These dividend hikes generally signal confidence in future earnings and a continued focus on rewarding shareholders.