Dividend Growth Stocks Week in Review for October 21, 2016

Photo: Flickr.com/Dennis Goedegebuure

This week saw 11 members of the S&P High Yield Dividend Aristocrats index declare their regular dividend payout, including two companies that announced dividend increases.  Among the announcements this week was Cintas Corporation, which announced a 26% increase and now has a forward yield of 1.25%.

Going forward, I’ll also start including a new section on the Week in Review post which includes dividend growth companies that are not members of the High Yield Dividend Aristocrats index but that announced dividend increases.  One company made that section this week – specialty chemical manufacturer Stepan Company.

Have a great weekend!

S&P 500 Dividend Aristocrats

Cintas Corporation (CTAS)

Industry: Business Services

Dividend Payment: $1.33 per share – up 26.7% from prior level of $1.05

Dividend Paid On: 12/2

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/2

Number of Years of Dividend Increases: 34

Current Forward Yield: 1.25%

 

Consolidated Edison, Inc. (ED)

Industry: Utilities – Electric

Dividend Payment: 67 cents per share

Dividend Paid On: 12/15

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

Number of Years of Dividend Increases: 42

Current Forward Yield: 3.66%

 

The Coca Cola Company (KO)

Industry: Food & Beverages

Dividend Payment: 35 cents per share

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: 54

Current Forward Yield: 3.32%

 

Johnson & Johnson (JNJ)

Industry: Healthcare – Pharmaceuticals

Dividend Payment: 80 cents per share

Dividend Paid On: 12/6

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/18

Number of Years of Dividend Increases: 54

Current Forward Yield: 2.82%

 

PPG Industries (PPG)

Industry: Chemicals – Specialty

Dividend Payment: 40 cents per share

Dividend Paid On: 12/12

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

Number of Years of Dividend Increases: 45

Current Forward Yield: 1.73%

 

The Sherwin-Williams Company (SHW)

Industry: Chemicals

Dividend Payment: 84 cents per share

Dividend Paid On: 12/2

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/16

Number of Years of Dividend Increases: 38

Current Forward Yield: 1.21%

 

Stanley Black & Decker (SWK)

Industry: Industrial Goods – Machinery

Dividend Payment: 58 cents per share

Dividend Paid On: 12/20

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

Number of Years of Dividend Increases: 48

Current Forward Yield: 1.94%

 

S&P 500 High Yield Dividend Aristocrats

AptarGroup, Inc. (ATR)

Industry: Packaging & Containers

Dividend Payment: 32 cents per share – up 6.7% from prior level of 30 cents

Dividend Paid On: 11/23

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/31

Number of Years of Dividend Increases: 23

Current Forward Yield: 1.66%

 

National Retail Properties (NNN)

Industry: REIT

Dividend Payment: 45.5 cents per share

Dividend Paid On: 11/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/27

Number of Years of Dividend Increases: 27

Current Forward Yield: 3.86%

 

People’s United Financial, Inc. (PBCT)

Industry: Regional Banking

Dividend Payment: 17 cents per share

Dividend Paid On: 11/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/28

Number of Years of Dividend Increases: 24

Current Forward Yield: 4.23%

 

Sonoco Products Company (SON)

Industry: Packaging & Containers

Dividend Payment: 37 cents per share

Dividend Paid On: 12/9

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

Number of Years of Dividend Increases: 34

Current Forward Yield: 2.91%

 

Other Notable Dividend Increase Announcements

Stepan Company (SCL)

Industry: Chemcials

Dividend Payment: 20.5 cents per share – up 7.9% from prior level of 19 cents

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: 49

Current Forward Yield: 1.14%

 

Next Week’s Ex-Dividend Stocks

Tuesday, October 25:

H. B. Fuller (FUL)

Wednesday, October 26:

Brown & Brown (BRO)

Thursday, October 27:

A. O. Smith Corporation (AOS)

Eaton Vance Corporation (EV)

National Retail Properties (NNN)

Tanger Factory Outlet Centers (SKT)

Friday, October 28:

People’s United Financial, Inc. (PBCT)

Monday, October 31:

AptarGroup, Inc. (ATR)

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