Dividend Increase Announcements for the Week Ending April 21, 2017

Atlanta Gas Light is one of Southern Company's many subsidiaries.
Photo: Flickr.com/John S. Quarterman

Three companies – including a future Dividend Aristocrat – announced their annual increases this week.  People’s United Financial raised its dividend for the 25th consecutive year this week, putting it on track to join the elite S&P 500 Dividend Aristocrats index at the end of January 2018.  And with its 16th year of dividend growth, utility company Southern Company now has a forward yield of more than 4.6%.

Dividend Increases Announced This Week

People’s United Financial (PBCT)

Industry: Regional Banking

Dividend Payment: 17.25 cents per share – up 1.5% from prior level of 17 cents

Dividend Paid On: 5/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/27

Number of Years of Dividend Increases: 25

Current Forward Yield: 3.92%

 

Southern Company (SO)

Industry: Utilities – Diversified

Dividend Payment: 58 cents per share – up 3.6% from prior level of 56 cents

Dividend Paid On: 6/6

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/11

Number of Years of Dividend Increases: 16

Current Forward Yield: 4.64%

 

Sonoco Products Company (SON)

Industry: Packaging & Containers

Dividend Payment: 39 cents per share – up 5.4% from prior level of 37 cents

Dividend Paid On: 6/9

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

Number of Years of Dividend Increases: 35

Current Forward Yield: 2.93%

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