Dividend Growth Stocks Week in Review for March 4, 2016

Ross Stores announced its 22nd annual dividend increase this week.
Photo: Flickr.com/Nicholas Eckhart

For the first time since I’ve been doing this, there were no dividend announcements from any of the S&P Dividend Aristocrats.  Only four members of the S&P High Yield Dividend Aristocrats index announced their latest dividend payments this week.  Fortunately, two of the four were annual dividend increases – defense contractor General Dynamics and discount retailer Ross Stores are increasing their dividends by more than 10%.  Read on for the details and for the list of dividend growth stocks going ex-dividend next week.

S&P 500 Dividend Aristocrats

None this week!

S&P 500 High Yield Dividend Aristocrats

General Dynamics Corporation (GD)

Industry: Aerospace & Defense

Dividend Payment: 76 cents per share – up 10.1% from prior level of 69 cents

Dividend Paid On: 5/6

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/6

Number of Years of Dividend Increases: 25

Current Forward Yield: 2.25%

 

Ross Stores (ROST)

Industry: Clothing Retailer

Dividend Payment: 13.5 cents per share – up 14.9% from prior level of 11.75 cents

Dividend Paid On: 3/31

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/10

Number of Years of Dividend Increases: 22

Current Forward Yield: 0.94%

 

United Bankshares, Inc. (UBSI)

Industry: Regional Banking

Dividend Payment: 33 cents per share

Dividend Paid On: 4/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/9

Number of Years of Dividend Increases: 42

Current Forward Yield: 3.52%

 

West Pharmaceutical Services, Inc. (WST)

Industry: Healthcare – Medical Instruments

Dividend Payment: 12 cents per share

Dividend Paid On: 5/4

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/18

Number of Years of Dividend Increases: 24

Current Forward Yield: 0.74%

Next Week’s Ex-Dividend Stocks

Tuesday, March 8:

Becton, Dickinson and Company (BDX)

MDU Resources Group, Inc. (MDU)

Wednesday, March 9:

Automatic Data Processing, Inc. (ADP)

Commerce Bancshares, Inc. (CBSH)

United Bankshares, Inc. (UBSI)

Walmart (WMT)

Thursday, March 10:

Chevron (CVX)

T. Rowe Price Group, Inc. (TROW)

Ross Stores (ROST)

United Technologies Corporation (UTX)

Friday, March 11:

Ecolab, Inc. (ECL)

Leggett & Platt, Inc. (LEG)

UGI Corporation (UGI)

Monday, March 14:

Albemarle Corporation (ALB)

 

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