Dividend Aristocrats Week in Review for July 26, 2014: A Tool Company Raises Its Dividend

This week, a tool company raised its dividend for the 47th year and two medical technology companies announced regular dividend payments.

Stanley, Black & Decker announced its 47th consecutive year of dividend growth this week. Photo courtesy Mark Hunter/flickr.com.

Stanley, Black & Decker announced its 47th consecutive year of dividend growth this week.
Photo courtesy Mark Hunter/flickr.com.

Stanley, Black & Decker (SWK), manufacturer of, among other things, hand and power tools, electronic security systems and engineered fastening solutions announced a 2-cent per share increase in its quarterly dividend.  This 4% increase is the 47th consecutive year of dividend increases that the company has paid out.  The increased dividend will be paid on September 16th to shareholders of record on September 5th.  With the new annualized dividend of $2.08, the stock currently yields 2.29%.

Two Medical Technology Companies Pay Regular Dividends

Becton, Dickenson & Company (BDX) focuses its medical technology efforts on improving drug delivery, the diagnosis of infectious diseases and diabetes management.  This week, the company announced its 3rd quarter dividend payout of 54.5 cents.  The dividend will be paid on September 30th to shareholders of record on September 9th.  Becton, Dickenson has increased dividends for 43 years and is expected to increase dividends again in the first quarter of 2015.  The stock currently yields 1.84%.

Dow 30 component Johnson & Johnson (JNJ) will pay its latest quarterly dividend of 70 cents per share on September 9th to shareholders of record on August 26th.  In April, Johnson & Johnson increased the stock dividend for the 52nd straight year, from an annualized rate of $2.64 to the current value of $2.80.  The next dividend increase is not expected until next April.  Johnson & Johnson stock currently yields 2.74%.

You can find more information about each of these companies’ dividend histories at the company summaries for Stanley, Black and Decker, Becton, Dickenson and Company, and Johnson & Johnson.

Three High Yield Dividend Aristocrats Announce Quarterly Payments

Regional bank holding company Commerce Bancshares, Inc. (CBSH) announced a quarterly dividend of 22.5 cents per share, payable on September 25th to shareholders of record on September 5th.  This dividend applies to the common shares (the dividend on the Class B preferred shares will 30 cents).  The company has increased regular annual dividends for 46 years.  Commerce Bancshares last increased the dividend in March by 5%, from an annualized rate of 85.72 cents to the current rate of 90 cents per share, which gives the common shares a current yield of 1.96%.

Energen Corporation (EGN), an oil and gas exploration and production company will pay a 15-cent per share quarterly dividend on September 2nd to shareholders of record on August 15th.  Energen stock currently yields 0.68% on an annual basis.  The company most recently increased its dividend by 3.45% in March, which was the 32nd consecutive annual dividend increase.  Prior to the increase, the quarterly dividend was 14.5 cents per share.

Industrial gases company Praxair (PX) will pay a quarterly dividend of 65 cents per share on September 15th to shareholders of record on September 8th.  At an annualized rate of $2.60, the stock currently yields 1.99%.  Praxair most recently increased its stock dividend in March, which was the 21st consecutive year of dividend increases for the company.  The dividend increase announced in the first quarter was 8.3%, from an annualized rate of $2.40.

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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