Apple announced their 8th year of dividend growth this week. Photo: Flickr.com/uggboy
Investors that were waiting for Apple’s announcement this week weren’t disappointed – the consumer electronics behemoth announced a 16% dividend increase and a $100 billion stock buyback. Four other companies also announced dividends this week, including integrated chip manufacturer Xilinx and medical company West Pharmaceuticals.
Dividend Increases Announced This Week
Apple (AAPL)
Industry: Technology – Consumer Goods
Dividend Payment: 73 cents per share – up 15.9% from prior level of 63 cents
Dividend Paid On: 5/17
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/11
Number of Years of Dividend Increases: 8
Current Forward Yield: 1.59%
Artesian Resources Corporation (ARTNA)
Industry: Utilities – Water
Dividend Payment: 23.87 cents per share – up 1.5% from prior level of 23.5 cents
Dividend Paid On: 5/25
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/11
Number of Years of Dividend Increases: 22
Current Forward Yield: 2.48%
Industry: Financial – Insurance
Dividend Payment: 22 cents per share – up 4.8% from prior level of 21 cents
Dividend Paid On: 6/20
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/30
Number of Years of Dividend Increases: 43
Current Forward Yield: 1.36%
Industry: Healthcare – Pharmaceuticals
Dividend Payment: 15 cents per share – up 7.1% from prior level of 14 cents
Dividend Paid On: 11/7
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/23
Number of Years of Dividend Increases: 26
Current Forward Yield: 0.68%
Industry: Technology
Dividend Payment: 36 cents per share – up 2.9% from prior level of 35 cents
Dividend Paid On: 6/4
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/14
Number of Years of Dividend Increases: 15
Current Forward Yield: 2.15%
Dividend Increase Announcements Expected Next Week
Connecticut Water Service (CTWS)
Expeditors International of Washington (EXPD)
Harvesting –
Thanks for sharing. Apple’s major move to be a dividend player, becomes more and more relevant and obvious now. Just wow! I’d take a 16% increase any day.
-Lanny
Hi Lanny:
Yep, totally agree. I’ve developed the habit of thinking of Apple as a growth stock, but it looks like they’re becoming a dividend growth company. I will have to consider Apple at the right price and/or dividend yield.
Thanks for the comment.
Cheers,
HD