Dividend Aristocrats Week in Review for October 25, 2014: Three Aristocrats Announce Increases

You’ll notice a change from the usual format of the week in review posts. Rather than writing up a post with the critical information buried inside, I’m continuing to provide the information that you’re looking for in an easy-to-read format. Please let me know what you think by leaving a comment. Thanks!

This week, the following dividend growth companies announced dividend payments:

S&P 500 Dividend Aristocrats

Cintas Corporation (Company Summary, Stock Quote)

Cintas announced their 31st consecutive annual dividend increase this week. Photo from Cintas Corporation website.

Cintas announced their 31st consecutive annual dividend increase this week.
Photo from Cintas Corporation website.

Industry: Business Services

Dividend Payment: 85 cents per share – up 10.4% from prior level of 77 cents

Dividend Paid On: 12/5

Stock Goes Ex-Dividend: 11/5

Number of Years of Dividend Increases: 31

Next Dividend Increase Announcement: October 2015

Current Forward Yield: 1.19%

**Cintas also announced a special dividend of 85 cents per share, in addition to the regular annual dividend of 85 cents. Both dividends will be paid on December 5th; the stock goes ex-dividend on November 5th for both dividend payments. The forward yield above includes only the regular dividend.

 

AbbVie (Company Summary, Stock Quote)

Industry: Biopharmaceuticals

Dividend Payment: 49 cents per share – up 16.7% from prior level of 42 cents

Dividend Paid On: 2/13

Stock Goes Ex-Dividend: 1/13

Number of Years of Dividend Increases: 2 (42 when including the record of Abbott Labs, its former parent company)

Next Dividend Increase Announcement: January 2015

Current Forward Yield: 3.25%

 

V. F. Corporation (Company Summary, Stock Quote)

Industry: Clothing

Dividend Payment: 32 cents per share – up 21.9% from prior level of 26.25 cents

Dividend Paid On: 12/19

Stock Goes Ex-Dividend: 12/5

Number of Years of Dividend Increases: 42

Next Dividend Increase Announcement: January 2015

Current Forward Yield: 1.92%

 

Sherwin-Williams Company (Company Summary, Stock Quote)

Industry: Paints & Coatings

Dividend Payment: 55 cents per share

Dividend Paid On: 12/5

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/12

Number of Years of Dividend Increases: 36

Next Dividend Increase Announcement: January 2015

Current Forward Yield: 0.96%

 

McGraw-Hill Financial (Stock Quote)

Industry: Financial Information Services

Dividend Payment: 30 cents per share

Dividend Paid On: 12/10

Stock Goes Ex-Dividend: 11/21

Number of Years of Dividend Increases: 42

Next Dividend Increase Announcement: January 2015

Current Forward Yield: 1.43%

 

Sigma-Aldrich (Company Summary, Stock Quote)

Industry: Life Sciences

Dividend Payment: 23 cents per share

Dividend Paid On: 12/15

Stock Goes Ex-Dividend: 11/26

Number of Years of Dividend Increases: 28

Next Dividend Increase Announcement: January 2015

Current Forward Yield: 0.68%

**Sigma-Aldrich is in the process of being bought by Merck KGaA of Germany.

 

T. Rowe Price Group, Inc. (Company Summary, Stock Quote)

Industry: Financial Management

Dividend Payment: 44 cents per share

Dividend Paid On: 12/30

Stock Goes Ex-Dividend: 12/12

Number of Years of Dividend Increases: 28

Next Dividend Increase Announcement: January 2015

Current Forward Yield: 2.26%

 

S&P 500 High Yield Dividend Aristocrats

Brown & Brown (Stock Quote)

Industry: Insurance

Dividend Payment: 11 cents per share – up 10% from prior level of 10 cents

Dividend Paid on: 11/12

Stock Goes Ex-Dividend: 10/29

Number of Years of Dividend Increases: 21

Next Dividend Increase Announcement: January 2015

Current Forward Yield: 1.40%

 

Energen Corporation (Stock Quote)

Industry: Oil Exploration & Production

Dividend Payment: 2 cents per share – down 86.7% from prior level of 15 cents

Dividend Paid on: 12/1

Stock Goes Ex-Dividend: 11/12

Number of Years of Dividend Increases: 32

Next Dividend Increase Announcement: January 2015

Current Forward Yield: 0.13%

**Energen Corporation is reducing its payout in conjunction with the sale of its natural gas exploration and production division, and the new focus of the company as a pure-play oil company. It is not clear whether they will remain an S&P High Yield Dividend Aristocrat.

 

AptarGroup, Inc. (Stock Quote)

Industry: Dispensing Systems

Dividend Payment: 28 cents per share

Dividend Paid on: 11/26

Stock Goes Ex-Dividend: 11/3

Number of Years of Dividend Increases: 21

Next Dividend Increase Announcement: January 2015

Current Forward Yield: 1.81%

 

I missed the following companies’ announcements last week and include them here for completeness:

The Coca-Cola Company (Company Summary, Stock Quote)

Industry: Food & Beverages

Dividend Payment: 30.5 cents per share

Dividend Paid on: 12/15

Stock Goes Ex-Dividend: 11/26

Number of Years of Dividend Increases: 52

Next Dividend Increase Announcement: January 2015

Current Forward Yield: 2.97%

 

Linear Technology (Stock Quote)

Industry: Electronics – Semiconductors

Dividend Payment: 27 cents per share

Dividend Paid on: 11/26

Stock Goes Ex-Dividend: 11/12

Number of Years of Dividend Increases: 21

Next Dividend Increase Announcement: January 2015

Current Forward Yield: 2.64%

 

Next Week’s Dividend Announcements:

Aflac (AFL)

Air Products & Chemicals (APD)

Black Hills Corporation (BKH)

Cullen Frost Bankers (CFR)

HCP, Inc. (HCP)

Kimberly – Clark (KMB)

Questar Corporation (STR)

UGI Corporation (UGI)

W. W. Granger (GWW)

 

Next Week’s Ex-Dividend Stocks:

Monday, October 27:

Clorox (CLX)

Tuesday, October 28:

Tanger Factory Outlet Centers (SKT)

Wednesday, October 29:

People’s United Financial Inc. (PBCT)

Smith A. O. Corporation (AOS)

National Retail Properties Inc. (NNN)

Brown & Brown (BRO)

Eaton Vance (EV)

Thursday, October 30:

None.

Friday, October 31:

None.

Monday, November 1:

AptarGroup Inc. (ATR)

There are over 50 S&P 500 companies that have increased dividends for more than a quarter century.  See the full list of S&P Dividend Aristocrats.

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