Hormel Foods, maker of Spam, was one of 3 dividend growth stocks that announced
annual dividend increases this week.  Shareholders will vote on a proposed 2-for-1
split in late January.

Markets were focused on the Thanksgiving Day holiday and a short trading day on Friday.  Nevertheless, five dividend growth companies announced their latest payouts, including increases from Hormel Foods, medical device manufacturer Becton, Dickinson & Company, and spice and flavoring marketer McCormick & Company.  Digest your turkey and read on for details….

S&P 500 Dividend Aristocrats

Becton, Dickinson & Company (BDX)

Industry: Healthcare – Medical Instruments

Dividend Payment: 66 cents per share – up 10.0% from prior level of 60 cents

Dividend Paid On: 12/31

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/8

Number of Years of Dividend Increases: 44

Current Forward Yield: 1.74%

 

Hormel Foods Corporation (HRL)

Industry: Food & Beverage – Food

Dividend Payment: 29 cents per share – up 16.0% from prior level of 25 cents

Dividend Paid On: 2/16

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/14

Number of Years of Dividend Increases: 50

Current Forward Yield: 1.55%

**Note: Hormel Foods is proposing to split its stock 2-for-1. Shareholders will vote on the proposal at the annual meeting on January 26^th.

 

McCormick & Company, Inc. (MKC)

Industry: Food & Beverage – Food

Dividend Payment: 43 cents per share – up 7.5% from prior level of 40 cents

Dividend Paid On: 1/15

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

Number of Years of Dividend Increases: 29

Current Forward Yield: 2.00%

S&P 500 High Yield Dividend Aristocrats

Old Republic International Corporation (ORI)

Industry: Financial – Insurance

Dividend Payment: 18.50 cents per share

Dividend Paid On: 12/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/2

Number of Years of Dividend Increases: 34

Current Forward Yield: 3.90%

 

Valspar (VAL)

Industry: Chemicals – Specialty

Dividend Payment: 33 cents per share – up 10.0% from prior level of 30 cents

Dividend Paid On: 12/16

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/3

Number of Years of Dividend Increases: 38

Current Forward Yield: 1.42%

Next Week’s Ex-Dividend Stocks

Tuesday, December 1:

None.

Wednesday, December 2:

Genuine Parts Company (GPC)

Kimberly-Clark Corporation (KMB)

Old Republic International Corporation (ORI)

Pepsico, Inc. (PEP)

Stanley, Black and Decker, Inc. (SWK)

Walmart (WMT)

Thursday, December 3:

Praxair, Inc. (PX)

Valspar (VAL)

Friday, December 4:

Becton, Dickinson & Company (BDX)

V. F. Corporation (VFC)

Monday, December 7:

Ross Stores (ROST)