Dividend Growth Stocks Week In Review for January 31, 2015

A REIT started its third decade of dividend growth this week, an insurance company announced its 54th year of dividend growth, and an industrial equipment manufacturer increased its dividend by over 26% this week:

S&P 500 Dividend Aristocrats

Becton, Dickinson and Company (BDX)

Industry: Medical Instruments & Supplies

Dividend Payment: 60 cents per share

Dividend Paid On: 3/31

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/6

Number of Years of Dividend Increases: 43

Current Forward Yield: 1.74%

 

Cincinnati Financial Corporation (CINF)

Industry: Property and Casualty Insurance

Dividend Payment: 46 cents per share – up 4.5% from prior level of 44 cents

Dividend Paid On: 4/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/16

Number of Years of Dividend Increases: 54

Current Forward Yield: 3.64%

 

Exxon Mobil Corporation (XOM)

Industry: Integrated Oil & Gas

Dividend Payment: 69 cents per share

Dividend Paid On: 3/10

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/6

Number of Years of Dividend Increases: 32

Current Forward Yield: 3.16%

 

HCP, Inc. (HCP)

Industry: REIT – Healthcare Facilities

Dividend Payment: 56.5 cents per share – up 3.7% from prior level of 54.5 cents

Dividend Paid On: 2/24

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/5

Number of Years of Dividend Increases: 30

Current Forward Yield: 4.78%

 

McDonald’s Corporation (MCD)

Industry: Restaurants

Dividend Payment: 85 cents per share

Dividend Paid On: 3/16

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/26

Number of Years of Dividend Increases: 38

Current Forward Yield: 3.68%

 

W. W. Grainger (GWW)

Industry: Wholesale Industrial Equipment

Dividend Payment: $1.08 per share

Dividend Paid On: 3/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/5

Number of Years of Dividend Increases: 43

Current Forward Yield: 1.83%

 

S&P 500 High Yield Dividend Aristocrats

A. O. Smith Dividend Growth

Manufacturer of industrial equipment – like this water heater – A. O. Smith announced its 23rd consecutive year of dividend growth this week.
Photo courtesy A. O. Smith water heater website.

A. O. Smith Corporation (AOS)

Industry: Industrial Electrical Equipment

Dividend Payment: 19 cents per share – up 26.7% from prior level of 15 cents

Dividend Paid On: 2/17

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/4

Number of Years of Dividend Increases: 23

Current Forward Yield: 1.28%

 

Black Hills Corporation (BKH)

Industry: Electric Utilities

Dividend Payment: 40.5 cents per share – up 3.8% from prior level of 39 cents

Dividend Paid On: 3/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/12

Number of Years of Dividend Increases: 45

Current Forward Yield: 3.23%

 

Commerce Bancshares, Inc. (CBSH)

Industry: Regional Banking

Dividend Payment: 22.5 cents per share – up 5.0% from prior level of 21.43 cents*

Dividend Paid On: 3/26

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/4

Number of Years of Dividend Increases: 47

Current Forward Yield: 2.25%

*Commerce Bancshare’s dividend increase was in the form of a 5% stock dividend on Dec. 15, 2014.

 

Cullen/Frost Bankers, Inc. (CFR)

Industry: Regional Banking

Dividend Payment: 51 cents per share

Dividend Paid On: 3/13

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/25

Number of Years of Dividend Increases: 20

Current Forward Yield: 3.27%

 

Praxair, Inc. (PX)

Industry: Diversified Chemicals

Dividend Payment: 71.5 cents per share – up 10.0% from prior level of 65 cents

Dividend Paid On: 3/16

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/4

Number of Years of Dividend Increases: 22

Current Forward Yield: 2.37%

 

UGI Corporation (UGI)

Industry: Diversified Utilities

Dividend Payment: 21.75 cents per share

Dividend Paid On: 4/1

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

Number of Years of Dividend Increases: 27

Current Forward Yield: 2.35%

 

Vectren Corporation (VVC)

Industry: Diversified Utilities

Dividend Payment: 38 cents per share

Dividend Paid On: 3/2

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/11

Number of Years of Dividend Increases: 55

Current Forward Yield: 3.17%

Next Week’s Ex-Dividend Stocks:

Tuesday, February 3:

H. B. Fuller (FUL)

Wednesday, February 4:

None.

Thursday, February 5:

W. W. Grainger (GWW)

HCP, Inc. (HCP)

Friday, February 6:

None.

Monday, February 9:

Exxon Mobil (XOM)

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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