Dividend Growth Stocks Week In Review for June 19, 2015

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

AbbVie (ABBV)

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%

 

Medtronic plc (MDT)

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

Realty Income Corporation (O)

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:

Chubb Corporation (CB)

Thursday, June 25:

Medtronic plc (MDT)

Friday, June 26:

ACE Limited (ACE)

Franklin Resources (BEN)

Essex Property Trust (ESS)

Illinois Tool Works (ITW)

National Fuel Gas Company (NFG)

Nucor (NUE)

Monday, June 29:

Air Products & Chemicals, Inc. (APD)

Cardinal Health (CAH)

Realty Income Corporation (O)

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