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.
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.