Medtronic sharply increased its dividend this week. Photo courtesy U.S. Embassy Kyiv/flickr.com.
Five long-term dividend growth stocks announced dividend payments this week, including medical device manufacturer Medtronic plc, which announced a 25% dividend increase to an annualized rate of $1.52. Here’s the list of dividend announcements this week:
S&P 500 Dividend Aristocrats
Industry: Drug Manufacturing
Dividend Payment: 51 cents per share
Dividend Paid On: 8/14
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 7/13
Number of Years of Dividend Increases: 43*
Current Forward Yield: 2.94%
*Spun off from Abbott Laboratories in 2013; inherits Abbott’s dividend history
Franklin Resources, Inc. (BEN)
Industry: Asset Management
Dividend Payment: 15 cents per share
Dividend Paid On: 7/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/26
Number of Years of Dividend Increases: 33
Current Forward Yield: 1.17%
Industry: Medical Appliances & Equipment
Dividend Payment: 38 cents per share – up 24.6% from prior level of 30.5 cents
Dividend Paid On: 7/17
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/25
Number of Years of Dividend Increases: 38
Current Forward Yield: 1.98%
S&P 500 High Yield Dividend Aristocrats
Industry: REIT
Dividend Payment: 19 cents per share – up 0.26% from prior level of 18.95 cents
Dividend Paid On: 7/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/29
Number of Years of Dividend Increases: 20
Current Forward Yield: 4.93%
Roper Technologies, Inc. (ROP)
Industry: Diversified Machinery
Dividend Payment: 25 cents per share
Dividend Paid On: 7/24
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 7/8
Number of Years of Dividend Increases: 22
Current Forward Yield: 0.57%
Next Week’s Ex-Dividend Stocks:
Tuesday, June 23:
None.
Wednesday, June 24:
Thursday, June 25:
Friday, June 26:
National Fuel Gas Company (NFG)
Monday, June 29: