Hormel Foods was one of four dividend growth companies to announce their quarterly payouts this week. Photo courtesy Arnold J. Inuyaki/flickr.com.
Yet another quiet week for dividend growth stocks – only four stocks announced dividend payouts, and none announced increases. Among the companies that announced that announced dividends, two were food companies – a spice and flavoring company and the maker of Spam. Read below to find out which companies they are and when they will pay their next quarterly dividend:
S&P 500 Dividend Aristocrats
Industry: Telecommunication Services
Dividend Payment: 47 cents per share
Dividend Paid On: 5/1
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/8
Number of Years of Dividend Increases: 31
Current Forward Yield: 5.74%
Hormel Foods Corporation (HRL)
Industry: Food Products
Dividend Payment: 25 cents per share
Dividend Paid On: 5/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/16
Number of Years of Dividend Increases: 49
Current Forward Yield: 1.75%
McCormick & Company, Inc. (MKC)
Industry: Spices & Flavorings
Dividend Payment: 40 cents per share
Dividend Paid On: 4/19
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/31
Number of Years of Dividend Increases: 28
Current Forward Yield: 2.07%
S&P 500 High Yield Dividend Aristocrats
Industry: Pollution and Filtration Products
Dividend Payment: 20 cents per share
Dividend Paid On: 4/24
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/13
Number of Years of Dividend Increases: 32
Current Forward Yield: 1.22%
Next Week’s Ex-Dividend Stocks:
Tuesday, March 31:
Federal Realty Investment Trust (FRT)
Wednesday, April 1:
None.
Thursday, April 2:
None.
Friday, April 3:
None.
Monday, April 6:
None.