Dividend Growth Stocks Week in Review for October 28, 2016

Chevron Corporation announced a tiny dividend increase this week for its
29th year of dividend growth. 
Photo: Flickr.com/swong95765

Thirteen dividend growth companies announced regular dividend payments this week, including seven Dividend Aristocrats.  Among them was Chevron, which increased its dividend for the first time in 2 1/2 years.  With the drop in oil prices, the company has been going through tough times but this increase keeps Chevron on the list of Dividend Aristocrats.  Regional banking company Commerce Bancshares announced a 5% stock dividend for the 23rd straight year and pharmaceutical company AbbVie announced a 12% dividend increase.

S&P 500 Dividend Aristocrats

AFLAC Incorporated (AFL)

Industry: Financial – Insurance

Dividend Payment: 43 cents per share – up 4.9% from prior level of 41 cents

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: 34

Current Forward Yield: 2.51%

 

AbbVie (ABBV)

Industry: Healthcare – Pharmaceuticals

Dividend Payment: 64 cents per share – up 12.3% from prior level of 57 cents

Dividend Paid On: 2/15/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/11/2017

Number of Years of Dividend Increases: 45

Current Forward Yield: 4.44%

 

Chevron Corporation (CVX)

Industry: Oil & Gas

Dividend Payment: $1.08 per share – up 0.9% from prior level of $1.08

Dividend Paid On: 12/12

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

Number of Years of Dividend Increases: 29

Current Forward Yield: 4.16%

 

W. W. Grainger (GWW)

Industry: Business Services

Dividend Payment: $1.22 per share

Dividend Paid On: 12/1

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

Number of Years of Dividend Increases: 45

Current Forward Yield: 2.34%

 

Illinois Tool Works Inc. (ITW)

Industry: Industrial Goods – Machinery

Dividend Payment: 65 cents per share

Dividend Paid On: 1/11/2017

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

Number of Years of Dividend Increases: 54

Current Forward Yield: 2.28%

 

AT&T (T)

Industry: Telecommunications

Dividend Payment: 49 cents per share – up 2.1% from prior level of 48 cents

Dividend Paid On: 2/1

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

Number of Years of Dividend Increases: 33

Current Forward Yield: 5.37%

 

V. F. Corporation (VFC)

Industry: Apparel

Dividend Payment: 42 cents per share – up 13.5% from prior level of 37 cents

Dividend Paid On: 12/19

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: 3.09%

 

S&P 500 High Yield Dividend Aristocrats

Black Hills Corporation (BKH)

Industry: Utilities – Electric

Dividend Payment: 42 cents per share

Dividend Paid On: 12/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/15

Number of Years of Dividend Increases: 45

Current Forward Yield: 2.77%

 

Commerce Bancshares, Inc. (CBSH)

Industry: Regional Banking

Dividend Payment: 22.5 cents per share – up 5.0% from prior level of 21.4 cents*

Dividend Paid On: 12/19

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: 1.81%

*Commerce Bancshares declared a 5% stock dividend on all outstanding shares, resulting in a 5% increase in the dividend payment for investors. The prior dividend of 21.4 cents is adjusted for the stock dividend; the forward yield is not.

 

The Cullen/Frost Bankers, Inc. (CFR)

Industry: Regional Banking

Dividend Payment: 54 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: 23

Current Forward Yield: 2.84%

 

Other Notable Dividend Increase Announcements

Middlesex Water Company (MSEX)

Industry: Utilities – Water

Dividend Payment: 21.125 cents per share – up 6.3% from prior level of 19.875 cents

Dividend Paid On: 12/1

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

Number of Years of Dividend Increases: 44

Current Forward Yield: 2.38%

 

Prosperity Bancshares, Inc. (PB)

Industry: Regional Banking

Dividend Payment: 34 cents per share – up 13.3% from prior level of 30 cents

Dividend Paid On: 1/3/2017

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/14

Number of Years of Dividend Increases: 17

Current Forward Yield: 2.45%

 

UMB Financial Corporation (UMBF)

Industry: Regional Banking

Dividend Payment: 25.5 cents per share – up 4.1% from prior level of 24.5 cents

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: 23

Current Forward Yield: 1.67%

 

Next Week’s Ex-Dividend Stocks

Tuesday, November 1:

None.

Wednesday, November 2:

Cintas Corporation (CTAS)

Thursday, November 3:

HCP, Inc. (HCP)

Friday, November 4:

None.

Monday, November 7:

None.

 

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