Water utility Aqua America announced its 26th annual dividend increase this week. Photo: Flickr.com/Tim Geers
I’m back from a break from the blog and the dividend growth stocks in the market aren’t disappointing. We saw 5 increases from dividend growth stocks, including a blowout 20% increase from Illinois Tool Works. I am also including in this week’s post the companies that I expect to announce their annual increases next week. Let me know what you think!
Dividend Increases Announced This Week
Industry: Industrial Goods – Machinery
Dividend Payment: 47 cents per share – up 6.8% from prior level of 44 cents
Dividend Paid On: 9/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 8/29
Number of Years of Dividend Increases: 62
Current Forward Yield: 2.17%
International Flavors and Fragrances (IFF)
Industry: Specialty Chemicals
Dividend Payment: 69 cents per share – up 7.8% from prior level of 64 cents
Dividend Paid On: 10/5
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 9/21
Number of Years of Dividend Increases: 15
Current Forward Yield: 2.05%
Industry: Industrial Goods – Machinery
Dividend Payment: 78 cents per share – up 20.0% from prior level of 65 cents
Dividend Paid On: 10/10
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 9/27
Number of Years of Dividend Increases: 55
Current Forward Yield: 2.18%
Federal Realty Investment Trust (FRT)
Industry: REIT
Dividend Payment: $1.00 per share – up 2.0% from prior level of 98 cents
Dividend Paid On: 10/16
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 9/20
Number of Years of Dividend Increases: 50
Current Forward Yield: 2.99%
Industry: Utility – Water
Dividend Payment: 20.47 cents per share – up 7.0% from prior level of 19.13 cents
Dividend Paid On: 9/1
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 8/14
Number of Years of Dividend Increases: 26
Current Forward Yield: 2.43%