Sysco announced its 42nd year of dividend growth this week. Photo: Flickr.com/Karen_2873
Seven dividend growth companies announcing annual increases and it was a good week for investors in these companies – most of the increases ranged from 7 to nearly 12%. Memorialization product manufacturer Matthews International led the way with an 11.8% increase in its 23rd year of dividend growth. Railroad company Union Pacific announced a 9.9% increase in its 11th straight year of dividend growth.
Dividend Increases Announced This Week
Brown-Forman Corporation (BF-B)
Industry: Food & Beverages – Beverages
Dividend Payment: 19.75 cents per share – up 8.2% from prior level of 18.25 cents
Dividend Paid On: 1/2/2018
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/6
Number of Years of Dividend Increases: 34
Current Forward Yield: 1.35%
Industry: Technology – Business Software
Dividend Payment: 15 cents per share – up 7.1% from prior level of 14 cents
Dividend Paid On: 12/29
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/30
Number of Years of Dividend Increases: 43*
Current Forward Yield: 0.90%
* Including time from before CDK’s spinoff from ADP
Lancaster Colony Corporation (LANC)
Industry: Food & Beverages – Food
Dividend Payment: 60 cents per share – up 9.1% from prior level of 55 cents
Dividend Paid On: 12/29
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/7
Number of Years of Dividend Increases: 55
Current Forward Yield: 1.90%
Matthews International Corporation (MATW)
Industry: Consumer Goods – Memorialization Products
Dividend Payment: 19 cents per share – up 11.8% from prior level of 17 cents
Dividend Paid On: 12/19
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/24
Number of Years of Dividend Increases: 23
Current Forward Yield: 1.40%
MDU Resources Group Inc. (MDU)
Industry: Industrial Goods – Building Materials
Dividend Payment: 19.75 cents per share – up 2.6% from prior level of 19.25 cents
Dividend Paid On: 1/1/2018
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/13
Number of Years of Dividend Increases: 27
Current Forward Yield: 2.95%
Industry: Business Services – Retail
Dividend Payment: 36 cents per share – up 9.1% from prior level of 33 cents
Dividend Paid On: 1/26/2018
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/4/2018
Number of Years of Dividend Increases: 42
Current Forward Yield: 2.62%
Union Pacific Corporation (UNP)
Industry: Railroads
Dividend Payment: 66.5 cents per share – up 9.9% from prior level of 60.5 cents
Dividend Paid On: 12/28
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/29
Number of Years of Dividend Increases: 11
Current Forward Yield: 2.30%
Dividend Increase Announcements Expected Next Week
Becton, Dickinson and Company (BDX)
South Jersey Industries, Inc. (SJI)