Dividend Aristocrats Week in Review for October 4, 2014: A Flavor Company Announces Its Latest Dividend

Three dividend growth stocks announced dividend payouts this week:

Spice company McCormick & Company has increased dividends since 1987. Photo courtesy McCormick & Co. website.

Spice company McCormick & Company has increased dividends since 1987.
Photo from McCormick & Co. website.

Spice and flavor company McCormick & Company (MKC) declared its latest quarterly dividend of 37 cents, which will be paid on October 27th. The company’s stock goes ex-dividend on October 10th, so you should plan on owning the stock before the 10th to capture the dividend. McCormick has paid dividends for 90 years and increased them since 1987. I expect the company to announce its 29th consecutive dividend increase in late December. At current prices, McCormick stock yields 2.16%.

Three High Yield Dividend Aristocrats Announce Quarterly Dividends

H. B. Fuller (FUL), maker of adhesives, sealants and other specialty chemicals, will pay a regular quarterly dividend of 12 cents on October 30th; the stock will go ex-dividend on October 14th. The company announced its 45th consecutive annual dividend increase in April when it increased the quarterly dividend by 20% from 10 cents per share to the current rate of 12 cents. H. B. Fuller stock currently yields 1.22%.

Water utility Aqua America, Inc. (WTR) will pay a quarterly dividend of 16.5 cents per share on December 1st. If you want to capture this dividend, you should purchase the stock no later than November 12th. Aqua America has paid quarterly dividends for 69 straight years and increased dividends for 23 years, and last increased the dividend in July when the company increased the quarterly payout by 8.6% from 15.2 cents per share. Aqua America stock currently yields 2.78%.

Finally, I missed one dividend increase in last week’s report. Packaging and filtration company CLARCOR Inc. (CLC) will increase its regular quarterly dividend by 17.6%, to 20 cents from 17 cents per share. The new dividend will be paid on October 17th to shareholders of record on October 10th, which means the stock goes ex-dividend on October 8th. Tennessee – based CLARCOR has paid dividends since 1920 and began increasing dividends in 1983. At current prices the stock yields 1.29%.

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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