Dividend Growth Stocks Week in Review for September 30, 2016

Photo: Flickr.com/Mike Mozart

For the first time this month, members of the S&P High Yield Dividend Aristocrats announced increases with their quarterly dividend announcements.  For the 40th straight year, McDonald’s increased its dividend; the new annual rate is $3.84, giving the stock a yield of 3.26%.  Hormel Foods, in the middle of its 50th year of dividend growth, also announced its quarterly dividend.

S&P 500 Dividend Aristocrats

Hormel Foods (HRL)

Industry: Food & Beverage – Food

Dividend Payment: 14.5 cents per share

Dividend Paid On: 11/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/20

Number of Years of Dividend Increases: 50

Current Forward Yield: 1.53%

 

McDonald’s (MCD)

Industry: Retail – Restaurants

Dividend Payment: 94 cents per share – up 5.6% from prior level of 89 cents

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: 40

Current Forward Yield: 3.26%

 

McCormick & Company (MKC)

Industry: Food & Beverages – Food

Dividend Payment: 43 cents per share

Dividend Paid On: 10/25

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/7

Number of Years of Dividend Increases: 30

Current Forward Yield: 1.72%

 

AT&T (T)

Industry: Technology – Telecom

Dividend Payment: 48 cents per share

Dividend Paid On: 11/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/5

Number of Years of Dividend Increases: 32

Current Forward Yield: 4.73%

 

S&P 500 High Yield Dividend Aristocrats

CLARCOR, Inc. (CLC)

Industry: Industrial Goods – Pollution Controls

Dividend Payment: 25 cents per share – up 13.6% from prior level of 22 cents

Dividend Paid On: 11/4

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/13

Number of Years of Dividend Increases: 34

Current Forward Yield: 1.54%

 

WGL Holdings, Inc. (WGL)

Industry: Utilities – Gas

Dividend Payment: 48.75 cents per share

Dividend Paid On: 11/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/6

Number of Years of Dividend Increases: 40

Current Forward Yield: 3.11%

 

Next Week’s Ex-Dividend Stocks

Tuesday, October 4:

None.

Wednesday, October 5:

General Dynamics (GD)

Roper Technologies (ROP)

Sysco Corporation (SYY)

AT&T (T)

Thursday, October 6:

WGL Holdings (WGL)

Friday, October 7:

McCormick & Company (MKC)

Monday, October 10:

None.

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2 Comments

  1. FerdiS says:

    Love those dividend increases! I’m long MCD and T…

    Thanks for the update and happy investing!