Dividend Growth Stocks Week in Review for November 4, 2016

Photo: Flickr.com/U.S. Embassy Uruguay

Four dividend increases punctuated 12 dividend announcements this week.  The increases were small, with the largest being a 5% increase from utility company Vectren Corporation.  Significantly, real estate investment trust HCP, Inc. spun off some of its properties into a separate company, Quality Care Properties (QCP) and, in the process, reduced its quarterly dividend by 36% to 37 cents a share.  QCP has yet to announce its dividend; if the combined dividends of the two companies are not an increase from HCP’s 2015 dividend, we may see HCP come off the list of Dividend Aristocrats.

S&P 500 Dividend Aristocrats

Archer Daniels Midland Company (ADM)

Industry: Consumer Goods – Farm Products

Dividend Payment: 30 cents per share

Dividend Paid On: 12/7

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/14

Number of Years of Dividend Increases: 55

Current Forward Yield: 2.56%

 

Cardinal Health (CAH)

Industry: Business Services – Wholesale Drugs

Dividend Payment: 44.89 cents per share

Dividend Paid On: 1/15/2017

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

Number of Years of Dividend Increases: 32

Current Forward Yield: 2.76%

 

Dover (DOV)

Industry: Industrial Goods – Machinery

Dividend Payment: 44 cents per share

Dividend Paid On: 12/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/28

Number of Years of Dividend Increases: 61

Current Forward Yield: 2.69%

 

Emerson (EMR)

Industry: Industrial Goods

Dividend Payment: 48 cents per share – up 1.1% from prior level of 47.5 cents

Dividend Paid On: 12/9

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/9

Number of Years of Dividend Increases: 60

Current Forward Yield: 3.89%

 

HCP Inc. (HCP)

Industry: REIT

Dividend Payment: 37 cents per share – down 35.7% from prior level of 57.5 cents

Dividend Paid On: 11/25

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/8

Number of Years of Dividend Increases: 30

Current Forward Yield: 5.01%

 

S&P 500 High Yield Dividend Aristocrats

Albemarle Corporation (ALB)

Industry: Specialty Chemicals

Dividend Payment: 30.5 cents per share

Dividend Paid On: 1/2/2017

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

Number of Years of Dividend Increases: 22

Current Forward Yield: 1.46%

 

Bemis Company (BMS)

Industry: Packaging

Dividend Payment: 29 cents per share

Dividend Paid On: 12/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/14

Number of Years of Dividend Increases: 33

Current Forward Yield: 2.42%

 

Federal Realty Investment Trust (FRT)

Industry: REIT

Dividend Payment: 98 cents per share

Dividend Paid On: 1/17/2017

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

Number of Years of Dividend Increases: 49

Current Forward Yield: 2.84%

 

Mercury General Corporation (MCY)

Industry: Financial – Insurance

Dividend Payment: 62.25 cents per share – up 0.4% from prior level of 62 cents

Dividend Paid On: 12/29

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

Number of Years of Dividend Increases: 26

Current Forward Yield: 4.54%

 

United Bankshares, Inc. (UBSI)

Industry: Regional Banking

Dividend Payment: 33 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: 43

Current Forward Yield: 3.55%

 

Vectren Corporation (VVC)

Industry: Utilities – Electricity & Gas

Dividend Payment: 42 cents per share – up 5.0% from prior level of 40 cents

Dividend Paid On: 12/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/10

Number of Years of Dividend Increases: 57

Current Forward Yield: 3.49%

 

Aqua America (WTR)

Industry: Utilities – Water

Dividend Payment: 19.13 cents per share

Dividend Paid On: 12/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/14

Number of Years of Dividend Increases: 25

Current Forward Yield: 2.66%

 

Next Week’s Ex-Dividend Stocks

Tuesday, November 8:

HCP, Inc. (HCP)

PPG Industries (PPG)

Sonoco Products Company (SON)

Wednesday, November 9:

Emerson (EMR)

W. W. Grainger (GWW)

Linear Technology Corporation (LLTC)

Exxon Mobil Corporation (XOM)

Thursday, November 10:

Vectren Corporation (VVC)

Friday, November 11:

None.

Monday, November 14:

AFLAC (AFL)

Bemis Company (BMS)

The Clorox Company (CLX)

Consolidated Edison (ED)

Target Corporation (TGT)

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