Johnson & Johnson announced its 55th year of dividend growth this week.
Photo: Flickr.com/Mike Mozart

Nine dividend growth companies announced their annual increases this week, including Costco Warehouse Corporation which announced an 11% increase.  This continues Costco’s 14-year streak of double-digit increases.  The higher yielding stocks in the group include IBM and Exxon Mobil Corporation, both yielding around 3.7%.

Dividend Increases Announced This Week

Cullen/Frost Bankers (CFR)

Industry: Regional Banking

Dividend Payment: 57 cents per share – up 5.6% from prior level of 54 cents

Dividend Paid On: 6/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/26

Number of Years of Dividend Increases: 24

Current Forward Yield: 2.42%

 

Costco Warehouse Corporation (COST)

Industry: Retail

Dividend Payment: 50 cents per share – up 11.1% from prior level of 45 cents

Dividend Paid On: 5/26

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

Number of Years of Dividend Increases: 14

Current Forward Yield: 1.13%

 

Franklin Electric Company (FELE)

Industry: Industrial Electrical Equipment

Dividend Payment: 10.75 cents per share – up 7.5% from prior level of 10 cents

Dividend Paid On: 5/18

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/2

Number of Years of Dividend Increases: 25

Current Forward Yield: 1.05%

 

W. W. Grainger (GWW)

Industry: Business Services

Dividend Payment: $1.28 per share – up 4.9% from prior level of $1.22

Dividend Paid On: 6/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/4

Number of Years of Dividend Increases: 46

Current Forward Yield: 2.66%

 

IBM (IBM)

Industry: Technology

Dividend Payment: $1.50 per share – up 7.1% from prior level of $1.40

Dividend Paid On: 6/10

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/8

Number of Years of Dividend Increases: 22

Current Forward Yield: 3.74%

 

Johnson & Johnson (JNJ)

Industry: Healthcare – Pharmaceuticals

Dividend Payment: 84 cents per share – up 5.0% from prior level of 80 cents

Dividend Paid On: 6/13

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/25

Number of Years of Dividend Increases: 55

Current Forward Yield: 2.72%

 

UGI Corporation (UGI)

Industry: Utilities – Diversified

Dividend Payment: 25 cents per share – up 5.3% from prior level of 23.5 cents

Dividend Paid On: 7/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/13

Number of Years of Dividend Increases: 30

Current Forward Yield: 1.99%

 

Xilinx (XLNX)

Industry: Technology

Dividend Payment: 35 cents per share – up 6.1% from prior level of 33 cents

Dividend Paid On: 6/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/12

Number of Years of Dividend Increases: 14

Current Forward Yield: 2.22%

 

Exxon Mobil Corporation (XOM)

Industry: Energy

Dividend Payment: 77 cents per share – up 2.7% from prior level of 75 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: 3.77%