Dividend Growth Stocks Week In Review for March 6, 2015

General Dynamics announced its 18th consecutive annual dividend increase this week.  The
company's Electric Boat division manufactures nuclear powered attack submarines.
Photo from General Dynamics Electric Boat webpage.

After a busy few weeks with lots of dividend announcements, this was a quiet week with only two companies announcing dividend payments.  The two companies – a defense contractor and a natural gas utility – both announced their latest dividend increases.

S&P 500 Dividend Aristocrats

No announcements from the S&P 500 Dividend Aristocrats this week.

S&P 500 High Yield Dividend Aristocrats

General Dynamics (GD)

Industry: Defense Products & Services

Dividend Payment: 69 cents per share – up 11.3% from prior level of 62 cents

Dividend Paid On: 5/8

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/8

Number of Years of Dividend Increases: 18

Current Forward Yield: 2.05%


Piedmont Natural Gas (PNY)

Industry: Gas Utilities

Dividend Payment: 33 cents per share – up 3.1% from prior level of 32 cents

Dividend Paid On: 4/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/23

Number of Years of Dividend Increases: 37

Current Forward Yield: 3.75%

Next Week’s Ex-Dividend Stocks:

Tuesday, March 10:

MDU Resources Group (MDU)

Wednesday, March 11:

Automatic Data Processing, Inc. (ADP)

Chubb Corporation (CB)

Leggett & Platt (LEG)

United Bankshares, Inc. (UBSI)

Walmart (WMT)

Thursday, March 12:

Albemarle Corporation (ALB)

Coca-Cola (KO)

T. Rowe Price (TROW)

Telephone & Data Systems (TDS)

UGI Corporation (UGI)

Friday, March 13:


Monday, March 16:

Cincinnati Financial (CINF)

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.

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