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%
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%
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%
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%
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
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%
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:
Friday, February 6:
None.
Monday, February 9:
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.