23 Years of Dividend Growth for a Manufacturer of Memorialization Products

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%

 

CDK Global (CDK)

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%

 

Sysco Corp. (SYY)

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)

Hormel Foods Corp. (HRL)

Roper Technologies (ROP)

South Jersey Industries, Inc. (SJI)

 

Share this post:

Related Posts

Leave a Comment