Dividend Growth Stock Week in Review for 10/18/14: 34 Years of Dividend Growth for This Investment Manager

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 decided 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:

Stanley Black & Decker (Company Summary, Current Quote)

Industry: Tooling

Dividend Payment: 52 cents per share

Dividend Paid On: 12/16

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/3

Number of Years of Dividend Increases: 46

Next Dividend Increase Announcement: July 2015

Current Forward Yield: 1.01%

The Procter & Gamble Company (Current Quote)

Industry: Consumer Goods, Personal Products

Dividend Payment: 64.36 cents per share

Dividend Paid on: 11/17

Stock Goes Ex-Dividend: 10/22

Number of Years of Dividend Increases: 58

Next Dividend Increase Announcement: April 2015

Current Forward Yield: 3.09%

Johnson & Johnson (Company Summary, Current Quote)

Industry: Health Care

Dividend Payment: 70 cents per share

Dividend Paid on: 12/9

Stock Goes Ex-Dividend: 11/21

Number of Years of Dividend Increases: 52

Next Dividend Increase Announcement: April 2015

Current Forward Yield: 2.84%

Consolidated Edison (Company Summary, Current Quote)

Industry: Diversified Energy Company

Dividend Payment: 63 cents per share

Dividend Paid on: 12/15

Stock Goes Ex-Dividend: 11/10

Number of Years of Dividend Increases: 36

Next Dividend Increase Announcement: January 2015

Current Forward Yield: 4.15%

PPG Industries (Current Quote)

Industry: Paints and Specialty Coatings

Dividend Payment: 67 cents per share

Dividend Paid on: 12/12

Stock Goes Ex-Dividend: 11/6

Number of Years of Dividend Increases: 43

Next Dividend Increase Announcement: April 2015

Current Forward Yield: 1.43%

S&P 500 High Yield Dividend Aristocrats:

Sonoco (Current Quote)

Industry: Packaging

Dividend Payment: 32 cents per share

Dividend Paid on: 12/10

Stock Goes Ex-Dividend: 11/12

Number of Years of Dividend Increases: 32

Next Dividend Increase Announcement: April 2015

Current Forward Yield: 3.28%

A. O. Smith Corporation (Current Quote)

Industry: Industrial Electrical Equipment

Dividend Payment: 15 cents per share

Dividend Paid on: 11/17

Stock Goes Ex-Dividend: 10/29

Number of Years of Dividend Increases: 20

Next Dividend Increase Announcement: January 2015

Current Forward Yield: 1.27%

National Retail Properties (Current Quote)

Industry: Medical Properties REIT

Dividend Payment: 42 cents per share

Dividend Paid on: 11/14

Stock Goes Ex-Dividend: 10/29

Number of Years of Dividend Increases: 25

Next Dividend Increase Announcement: July 2015

Current Forward Yield: 4.56%

Eaton Vance (Current Quote)

Industry: Investment Manager

Dividend Payment: 25 cents per share, up from 22 cents in prior quarter (13.6% increase)

Dividend Paid on: 11/12

Stock Goes Ex-Dividend: 10/29

Number of Years of Dividend Increases: 34

Next Dividend Increase Announcement: October 2015

Current Forward Yield: 2.47%

People’s United Financial (Current Quote)

Industry: Banking/Financial

Dividend Payment: 16.5 cents per share

Dividend Paid on: 11/15

Stock Goes Ex-Dividend: 10/30

Number of Years of Dividend Increases: 22

Next Dividend Increase Announcement: April 2015

Current Forward Yield: 4.78%

Diebold, Inc. (Current Quote) – See Note Below

Industry: Technology – Diversified Computer Systems

Dividend Payment: 28.75 cents per share

Dividend Paid on: 12/5

Stock Goes Ex-Dividend: 11/12

Number of Years of Dividend Increases: 60

Next Dividend Increase Announcement: **See Note Below** 

Current Forward Yield: 3.24%

**With this dividend announcement, Diebold has now stopped growing its regular dividend in 2014.  As a result, I expect that S&P will remove Diebold from the High Yield Dividend Aristocrats index at the end of the year.  Once they do this, I will remove Diebold from the list of stocks that I follow.

Next Week’s Dividend Announcements:

Brown & Brown (BRO)

Linear Technology (LLTC)

Becton, Dickinson & Company (BDX)

Energen (EGN)

Praxair (PX)

T Rowe Price (TROW)

Coca-Cola (KO)

Brown-Forman (BF-B)

Commerce BancShares (CBSH)

PepsiCo (PEP)

Next Week’s Ex-Dividend Stocks:

To collect the dividends, be sure to own the stock before the ex-dividend date below.

Monday, October 20th:

Lowe’s (LOW)

West Pharmaceutical Services (WST)

Wednesday, October 22nd:

Pentair (PNR)

Procter & Gamble (PG)

Cintas (CTAS)

Updated on October 21st to correct an error: Stanley Black & Decker announced a dividend this week, not Sherwin Williams Company.

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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