Dividend Aristocrats for Week Ending January 24, 2014: ADP, Brown Forman Declare Regular Dividends

This week saw two Dividend Aristocrats declare regular quarterly dividends:

Automatic Data Processing (ADP) declared a quarterly dividend of 48 cents payable April 1st to shareholders of record on  March 14th.  This is the 2nd quarter with the dividend at this rate after ADP increased their dividend by 10% beginning in early January 2014.  ADP has increased dividends for 39 consecutive years and currently yields 2.49%.

Brown-Forman Company (BF-B) declared a quarterly dividend of 29 cents per share on both its Class A and Class B Common Stock.  The dividend will be distributed on April 1st to shareholders of record on March 7th.  Investors should focus on the Class B shares, as the Class A shares are closely held by Brown-Forman family members and have virtually no liquidity.  Before investing, you should note that the Class B shares do not have any voting rights.  The Class B shares yield 1.49% at its current price.

Brown-Forman most recently increased their dividend by 13% in December, marking the 30th consecutive year of increases.  The company has paid dividends for 68 consecutive years.



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