Dividend Growth Stocks Week in Review for November 18, 2016

Photo: Flickr.com/karen_2873

Eight Dividend Aristocrats announced dividend increases this week, along with eight other companies.  Notable among the announcements was Matthews International, which announced a 13% dividend increase for its 22nd year of dividend growth.  Acquisition target Valspar and food wholesaler Sysco also announced dividend increases; Sysco’s 6.5% increase marks the 41st year of dividend growth for the company.

S&P 500 Dividend Aristocrats

Air Products (APD)

Industry: Chemicals – Diversified

Dividend Payment: 86 cents per share

Dividend Paid On: 2/13/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/29

Number of Years of Dividend Increases: 34

Current Forward Yield: 2.49%

 

Brown-Forman (BF-B)

Industry: Food & Beverages

Dividend Payment: 18.25 cents per share – up 7.4% from prior level of 17 cents

Dividend Paid On: 1/3/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/30

Number of Years of Dividend Increases: 33

Current Forward Yield: 1.47%

 

Cincinnati Financial Corporation (CINF)

Industry: Financial – Insurance

Dividend Payment: 48 cents per share

Dividend Paid On: 1/17/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/19

Number of Years of Dividend Increases: 55

Current Forward Yield: 2.59%

 

The Clorox Company (CLX)

Industry: Consumer Goods

Dividend Payment: 80 cents per share

Dividend Paid On: 2/10/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/23/2017

Number of Years of Dividend Increases: 40

Current Forward Yield: 2.82%

 

Genuine Parts Company (GPC)

Industry: Retail – Specialty

Dividend Payment: 65.75 cents per share

Dividend Paid On: 1/3/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/7

Number of Years of Dividend Increases: 60

Current Forward Yield: 2.78%

 

Kimberly-Clark Corporation (KMB)

Industry: Consumer Goods

Dividend Payment: 92 cents per share

Dividend Paid On: 1/4/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/7

Number of Years of Dividend Increases: 44

Current Forward Yield: 3.28%

 

PepsiCo, Inc. (PEP)

Industry: Food & Beverages

Dividend Payment: 75.25 cents per share

Dividend Paid On: 1/6/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/30

Number of Years of Dividend Increases: 44

Current Forward Yield: 2.96%

 

Sysco Corporation (SYY)

Industry: Business Services

Dividend Payment: 33 cents per share – up 6.5% from prior level of 31 cents

Dividend Paid On: 1/27/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/4/2017

Number of Years of Dividend Increases: 41

Current Forward Yield: 2.49%

 

S&P 500 High Yield Dividend Aristocrats

Chubb Limited (CB)

Industry: Financial – Insurance

Dividend Payment: 69 cents per share

Dividend Paid On: 1/20/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/28

Number of Years of Dividend Increases: 23

Current Forward Yield: 2.20%

 

CDK Global, Inc. (CDK)

Industry: Technology – Business Software

Dividend Payment: 14 cents per share – up 3.7% from prior level of 13.5 cents

Dividend Paid On: 12/30

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/16

Number of Years of Dividend Increases: 42

Current Forward Yield: 0.97%

 

The MDU Resources Group (MDU)

Industry: Industrial Goods – Building Materials

Dividend Payment: 19.25 cents per share – up 2.7% from prior level of 18.75 cents

Dividend Paid On: 1/1/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/6

Number of Years of Dividend Increases: 26

Current Forward Yield: 2.75%

 

Ross Stores (ROST)

Industry: Retail

Dividend Payment: 13.5 cents per share

Dividend Paid On: 12/30

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/5

Number of Years of Dividend Increases: 22

Current Forward Yield: 0.82%

 

UGI Corporation (UGI)

Industry: Utilities – Diversified

Dividend Payment: 23.75 cents per share

Dividend Paid On: 1/1/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/13

Number of Years of Dividend Increases: 29

Current Forward Yield: 2.16%

 

The Valspar Corporation (VAL)

Industry: Chemicals – Specialty

Dividend Payment: 37 cents per share – up 12.1% from prior level of 33 cents

Dividend Paid On: 12/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/29

Number of Years of Dividend Increases: 39

Current Forward Yield: 1.46%

 

Other Notable Dividend Increase Announcements

Matthews International Corporation (MATW)

Industry: Services – Personal Services

Dividend Payment: 17 cents per share – up 13.3% from prior level of 15 cents

Dividend Paid On: 12/16

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/23

Number of Years of Dividend Increases: 22

Current Forward Yield: 0.96%

 

Nike, Inc. (NKE)

Industry: Consumer Goods – Clothing

Dividend Payment: 18 cents per share – up 12.5% from prior level of 16 cents

Dividend Paid On: 1/3/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/1

Number of Years of Dividend Increases: 15

Current Forward Yield: 1.41%

 

Next Week’s Ex-Dividend Stocks

Tuesday, November 22:

None.

Wednesday, November 23:

Atmos Energy Company (ATO)

AptarGroup (ATR)

S&P Global, Inc. (SPGI)

Thursday, November 24:

THANKSGIVING – MARKETS CLOSED

Friday, November 25:

None.

Monday, November 28:

The Cullen/Frost Bankers (CFR)

Dover (DOV)

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