A Business Services Company Continues Its Dividend Growth Streak to 43 Years

Universal Corporation supplies tobacco, like these plants shown here, worldwide.
The company announced its 47th year of dividend growth this week.
Photo: Flickr.com/Karoly Lorentey

Five long time dividend growth stocks announced their annual increases this week, including ADP with a 10.5% increase in its 43rd year of dividend growth and Atmos Energy with a nearly 8% increase as it begins its 3rd decade of dividend growth.  Another five companies should announce their annual increases next week.

Dividend Increases Announced This Week

ADP, Inc. (ADP)

Industry: Technology – Business Software

Dividend Payment: 63 cents per share – up 10.5% from prior level of 57 cents

Dividend Paid On: 1/1/2018

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/7

Number of Years of Dividend Increases: 43

Current Forward Yield: 2.27%

 

Atmos Energy Corporation (ATO)

Industry: Utilities – Gas

Dividend Payment: 48.5 cents per share – up 7.8% from prior level of 45 cents

Dividend Paid On: 11/24

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/11

Number of Years of Dividend Increases: 30

Current Forward Yield: 2.18%

 

Emerson (EMR)

Industry: Industrial Goods

Dividend Payment: 48.5 cents per share – up 1.0% from prior level of 48 cents

Dividend Paid On: 12/11

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/16

Number of Years of Dividend Increases: 61

Current Forward Yield: 3.15%

 

United Bankshares Inc. (UBSI)

Industry: Financial –Banking

Dividend Payment: 34 cents per share – up 3.0% from prior level of 33 cents

Dividend Paid On: 1/2/2018

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/7

Number of Years of Dividend Increases: 43

Current Forward Yield: 3.98%

 

Universal Corporation (UVV)

Industry: Consumer Goods – Tobacco Products

Dividend Payment: 55 cents per share – up 1.9% from prior level of 54 cents

Dividend Paid On: 2/5/2018

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/5/2018

Number of Years of Dividend Increases: 47

Current Forward Yield: 3.88%

 

Dividend Increase Announcements Expected Next Week

Brown-Forman Corporation (BF-B)

CDK Global (CDK)

Matthews International Corporation (MATW)

MDU Resources Group Inc. (MDU)

Sysco Corporation (SYY)

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One Comment

  1. Slow but steady companies.Thanks for the info

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