Dividend Growth Stocks Week in Review for December 9, 2016

In addition to defense contracts, General Dynamics also owns the Gulfstream brand.
Photo: Flickr.com/Steven Byles

There were 6 dividend increases this week among the companies that I track.  Notable among the dividend increases, S&P 500 component and future Dividend Aristocrat Stryker Corporation announced an 11.8% payout increase.  See below for information on Stryker and the other companies that announced dividend payouts.

S&P 500 Dividend Aristocrats

Abbott (ABT)

Industry: Healthcare – Medical Equipment

Dividend Payment: 26.5 cents per share – up 1.9% from prior level of 26 cents

Dividend Paid On: 2/15/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/11/2017

Number of Years of Dividend Increases: 45

Current Forward Yield: 2.70%

 

Ecolab (ECL)

Industry: Consumer Goods

Dividend Payment: 37 cents per share – up 5.7% from prior level of 35 cents

Dividend Paid On: 1/17/2016

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/16

Number of Years of Dividend Increases: 30

Current Forward Yield: 1.23%

 

Medtronic plc (MDT)

Industry: Healthcare – Medical Equipment

Dividend Payment: 43 cents per share

Dividend Paid On: 1/13/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/21

Number of Years of Dividend Increases: 39

Current Forward Yield: 2.34%

 

Pentair plc (PNR)

Industry: Industrial Goods – Electrical Equipment

Dividend Payment: 34.5 cents per share – up 1.5% from prior level of 34 cents

Dividend Paid On: 2/10/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/18/2017

Number of Years of Dividend Increases: 41

Current Forward Yield: 2.29%

 

S&P 500 High Yield Dividend Aristocrats

General Dynamics Corporation (GD)

Industry: Aerospace & Defense

Dividend Payment: 76 cents per share

Dividend Paid On: 2/10/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/15/2017

Number of Years of Dividend Increases: 25

Current Forward Yield: 1.73%

 

Nordson Corporation (NDSN)

Industry: Industrial Goods – Machinery

Dividend Payment: 27 cents per share

Dividend Paid On: 1/3/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/14

Number of Years of Dividend Increases: 53

Current Forward Yield: 1.01%

 

National Fuel Gas Company (NFG)

Industry: Energy

Dividend Payment: 40.5 cents per share

Dividend Paid On: 1/13/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/28

Number of Years of Dividend Increases: 46

Current Forward Yield: 2.78%

 

Other Notable Dividend Increase Announcements

C.H. Robinson Worldwide, Inc. (CHRW)

Industry: Business Services – Logistics

Dividend Payment: 45 cents per share – up 4.7% from prior level of 43 cents

Dividend Paid On: 12/30

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/15

Number of Years of Dividend Increases: 19

Current Forward Yield: 2.34%

 

Graco Inc. (GGG)

Industry: Industrial Equipment – Fluid Handling

Dividend Payment: 36 cents per share – up 9.1% from prior level of 33 cents

Dividend Paid On: 2/1/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/12/2017

Number of Years of Dividend Increases: 18

Current Forward Yield: 1.70%

 

Stryker Corporation (SYK)

Industry: Healthcare – Medical Equipment

Dividend Payment: 42.5 cents per share – up 11.8% from prior level of 38 cents

Dividend Paid On: 1/31/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/28

Number of Years of Dividend Increases: 24

Current Forward Yield: 1.46%

 

Next Week’s Ex-Dividend Stocks

Tuesday, December 13:

Albemarle Corporation (ALB)

Leggett & Platt (LEG)

Mercury General Corporation (MCY)

UGI Corporation (UGI)

Wednesday, December 14:

Nordson Corporation (NDSN)

Telephone & Data Systems (TDS)

Thursday, December 15:

None.

Friday, December 16:

CDK Global, Inc. (CDK)

Ecolab (ECL)

Monday, December 19:

Cincinnati Financial Corporation (CINF)

 

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