Dividend Growth Stocks Week in Review for November 25, 2016

Lancaster Colony, maker of Marzetti brand salad dressing and other food products,
announced its 54th year of dividend increases this week.
Photo: Flickr.com/theimpulsivebuy

While there were only six dividend announcements in this shortened holiday week, four of them were announcements of increases.  Notably, two food companies with more than half a century of dividend growth – Hormel and Lancaster Colony – announced double digit increases this week.

S&P 500 Dividend Aristocrats

Becton, Dickinson and Company (BDX)

Industry: Healthcare – Medical Instruments

Dividend Payment: 73 cents per share – up 10.6% from prior level of 66 cents

Dividend Paid On: 12/30

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

Number of Years of Dividend Increases: 45

Current Forward Yield: 1.71%

 

Hormel Foods (HRL)

Industry: Food & Beverages – Food

Dividend Payment: 17 cents per share – up 17.2% from prior level of 14.5 cents

Dividend Paid On: 2/15/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/12/2017

Number of Years of Dividend Increases: 51

Current Forward Yield: 1.90%

 

S&P 500 High Yield Dividend Aristocrats

Old Republic International Corporation (ORI)

Industry: Financial – Insurance

Dividend Payment: 18.75 cents per share

Dividend Paid On: 12/15

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

Number of Years of Dividend Increases: 35

Current Forward Yield: 4.11%

 

Roper Technologies, Inc. (ROP)

Industry: Industrial Goods – Machinery

Dividend Payment: 35 cents per share – up 16.7% from prior level of 30 cents

Dividend Paid On: 1/23/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/5/2017

Number of Years of Dividend Increases: 24

Current Forward Yield: 0.76%

 

WGL Holdings, Inc. (WGL)

Industry: Utilities – Gas

Dividend Payment: 48.75 cents per share

Dividend Paid On: 2/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/6/2017

Number of Years of Dividend Increases: 40

 

Other Notable Dividend Increase Announcements

Lancaster Colony Corporation (LANC)

Industry: Food & Beverages – Food

Dividend Payment: 55 cents per share – up 10.0% from prior level of 50 cents

Dividend Paid On: 12/30

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

Number of Years of Dividend Increases: 54

Current Forward Yield: 1.57%

 

Next Week’s Ex-Dividend Stocks

Tuesday, November 29:

Expeditors International of Washington (EXPD)

The Coca Cola Company (KO)

McDonald’s (MCD)

Realty Income Corporation (O)

Valspar Corporation (VAL)

Wednesday, November 30:

Brown-Forman Company (BF-B)

Commerce Bancshares (CBSH)

PepsiCo (PEP)

Stanley Black & Decker (SWK)

Thursday, December 1:

Old Republic International Corporation (ORI)

Friday, December 2:

Walmart (WMT)

Monday, December 5:

Praxair (PX)

Ross Stores (ROST)

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