Dividend Aristocrats Week in Review for July 12, 2014: Pentair Pays Out Increased Dividend Payment

Advances in products like Gillette razors have helped Procter & Gamble increase dividends for 53 years. Photo courtesy Rene Schwietzke/flickr.com.

Advances in products like Gillette razors have helped Procter & Gamble increase dividends for 58 years.
Photo courtesy Rene Schwietzke/ flickr.com.

Three Dividend Aristocrats made dividend announcements this week, including one that increased its dividend payout.  Four other dividend growth stocks also announced regular dividend payouts.

Procter & Gamble, Sigma-Aldrich Announce Dividend Payments

The Procter & Gamble Company (PG), maker of consumer products like Bounty® paper products, Tide® laundry detergent and Head & Shoulders® shampoo announced a regular dividend payment of 64.36 cents per share, payable on August 15th to shareholders of record on July 18th.  Procter & Gamble has increased dividends for 58 straight years and will likely increase dividends again next January.  At current prices, Procter & Gamble yields 3.17%.

Life sciences company Sigma-Aldrich (SIAL) will pay a quarterly dividend of 23 cents per share on September 15th to shareholders of record on August 29th.  Sigma-Aldrich has increased dividends on its stock since 1987, which currently yields 0.90%.  The next dividend increase is expected at the beginning of 2015.  More information on Sigma-Aldrich’s dividend history is available on the company summary page.

Pentair Pays Increased Dividend

Switzerland – based thermal and fluid management company Pentair (PNR) will pay out the first of its most recently increased dividend payments on August 8th to shareholders of record on July 25th.  The company had previously announced the 38th year of dividend increases in May, stating that the new quarterly dividend would be 30 cents per share, up 25% from 24 cents per share.  Pentair’s current yield is 1.69%.

Four High Yield Dividend Aristocrats Announce Dividend Payments

In addition to the Dividend Aristocrats, S&P also has their “High Yield Dividend Aristocrats”.  These stocks are drawn from a wider world – they are members of the S&P 1500 index, not just the S&P 500 index – and they need only have increased dividends by 20 consecutive years, not 25.  (Ironically, the “high yield” aristocrats don’t necessarily have higher yields than conventional Dividend Aristocrats.)  Four of these stocks announced quarterly dividend payouts this week:

Eaton Vance (EV), a global investment manager with $285 billion assets under management, will pay a quarterly dividend of 22 cents per share on August 15th to shareholders of record on July 31st.  The company has increased dividends for 33 years, with the last increase coming in October 2013 from 20 cents per share to 22 cents per share.  Eaton Vance shares currently yield 2.36%.

Two Niche Technology Companies and a Factory Outlet Retailer Announce Dividend Payments

Water heater manufacturer and water technology company A. O. Smith (AOS) will pay 15 cents per share on August 15th to shareholders of record on July 31st.  A. O. Smith has increased dividends for 22 years.  The stock currently yields 1.26%.

H. B. Fuller (FUL), global provider of adhesives and specialty chemicals, will pay a quarterly dividend of 12 cents per share.  The dividend will be paid on August 7th to shareholders of record on July 24th.  H. B. Fuller stock currently yields 1.00%.  The 127 year old company has increased dividends for 44 years and in February increased the quarterly dividend by 20%, from 10 cents to 12 cents per share.

Real estate investment trust Tanger Factory Outlet Centers, Inc. (SKT) has increased dividends each year since coming public in May 1993.  Tanger will pay a quarterly dividend of 24 cents on August 15th to shareholders of record on July 30th.  The company last increased the dividend in May when the quarterly payout went from 22.5 cents to 24 cents per share, an increase of 6.7%.  Tanger stock currently yields 2.74%.

There are 54 S&P Dividend Aristocrats that have increased dividends for more than a quarter century.  See the full list of Dividend Aristocrats.

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