Dividend Aristocrats for Week Ending Jan 17, 2014: FDO Increases Dividend 19%

This week four Dividend Aristocrats declared quarterly dividends, with two announcing year-over-year increases:

Family Dollar (FDO) raised their quarterly dividend from 26 to 31 cents, an increase of over 19.2%.  This year’s 5 cent increase follows 3 cent and 5 cent increases at the beginning of 2012 and 2013, respectively, which represented increases of 16.7% and 23.8%.  FDO stated that the higher dividend would be paid at the next regular payout, but did not announce when that would be.  If history is any indication, it will be paid in mid-April to shareholders of record in mid-March.  Once paid, it will mark the 38th consecutive year of dividend increases for FDO and, at its current price, would give FDO a yield of 1.89%.

Consolidated Edison, Inc. (ED) declared 2.4% increase in their quarterly dividend from 61.5 to 63 cents.  The dividend will be paid on March 15, 2014 to shareholders of record as of February 12th, and is the 40th consecutive annual increase.  With the increase, ED’s yield at its current price will be 4.67%.

Two other Dividend Aristocrats announced regular payouts without increases:

PPG Industries (PPG) declared a quarterly dividend of 61 cents, payable on March 12th to shareholders of record on February 21st.  PPG has paid annual dividends since 1899; this payout marks PPG’s 462nd consecutive dividend payment.  At its current price, PPG yields 1.29%.

Finally, Procter & Gamble (PG) declared a regular quarterly dividend of 60.15 cents per share, payable of February 18, 2014 to shareholders of record on January 24th.  PG has paid a dividend since its incorporation in 1890 (that’s 123 years) and has increased its dividend for the last 57 years.  PG currently yields 3.01%.

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