Dividend Increase Announcements for the Week Ending February 17, 2017

Pepsi announced their 45th year of dividend growth this week.
Photo: Freeimages.com/Louis J. S.

Author’s note: This post was updated after publication to include this week’s dividend increase from Coca-Cola.

Eight dividend growth companies announced annual increases this week.  In addition to PepsiCo’s 45th year and Coca-Cola’s 55th year of increased dividends, utility NextEra Energy caps its 23rd year of dividend growth with a payout increase of nearly 13%.

Dividend Increases Announced This Week

Analog Devices Inc. (ADI)

Industry: Technology

Dividend Payment: 45 cents per share – up 7.1% from prior level of 42 cents

Dividend Paid On: 3/7

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/22

Number of Years of Dividend Increases: 15

Current Forward Yield: 2.18%

 

The Coca-Cola Company (KO)

Industry: Beverages

Dividend Payment: 37 cents per share – up 5.7% from prior level of 35 cents

Dividend Paid On: 4/3

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/13

Number of Years of Dividend Increases: 55

Current Forward Yield: 3.59%

NextEra Energy (NEE)

Industry: Utilities – Electric

Dividend Payment: 98.25 cents per share – up 12.9% from prior level of 87 cents

Dividend Paid On: 3/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/24

Number of Years of Dividend Increases: 23

Current Forward Yield: 3.10%

 

Nu Skin Enterprises Inc. (NUS)

Industry: Consumer Goods

Dividend Payment: 36 cents per share – up 1.4% from prior level of 35.5 cents

Dividend Paid On: 3/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/25

Number of Years of Dividend Increases: 17

Current Forward Yield: 2.99%

 

Owens & Minor Inc. (OMI)

Industry: Healthcare – Medical Supplies

Dividend Payment: 25.75 cents per share – up 1.0% from prior level of 25 cents

Dividend Paid On: 3/31

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/13

Number of Years of Dividend Increases: 20

Current Forward Yield: 2.95%

 

PepsiCo (PEP)

Industry: Food & Beverages

Dividend Payment: 80.5 cents per share – up 7.0% from prior level of 75.25 cents

Dividend Paid On: June

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

Number of Years of Dividend Increases: 45

Current Forward Yield: 2.98%

 

The Sherwin-Williams Company (SHW)

Industry: Chemicals – Specialty

Dividend Payment: 85 cents per share – up 1.2% from prior level of 84 cents

Dividend Paid On: 3/10

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/23

Number of Years of Dividend Increases: 39

Current Forward Yield: 1.09%

 

T. Rowe Price Group (TROW)

Industry: Financial – Asset Management

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

Dividend Paid On: 3/30

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/14

Number of Years of Dividend Increases: 31

Current Forward Yield: 3.21%

 

Share this post:

Recent Posts

2 Comments

  1. FerdiS says:

    I love dividend increases! What’s not to like about getting an increase just for owning a stock! Of the stocks listed, I own KO and TROW. Thanks for sharing!

    Cheers!
    FerdiS, DivGro

    BTW, I have a weekly article series at Seeking Alpha summarizing dividend increases of the past week.

    • Jason says:

      Hi FerdiS:
      Thanks for the comment. Glad to hear that you’re being rewarded with the dividend increases. I’m long TROW as well.

      Cheers,
      HD

      For those readers that are interested in FerdiS’s Seeking Alpha articles, you can find them here.