Dividend Increase Announcements for the Week Ending January 20, 2017

Consolidated Edison - electricity supplier to New York City - announced its
43rd year of dividend increases this week.
Photo: Freeimages.com/Tomas Lara

This article was edited after publication to include Linear Technology’s announcement.

Author’s Note: Going forward, I will only be reporting announcements of dividend increases among the companies that I track.  I’m doing this to make my posts more useful and helpful to the HarvestingDividends.com readership.

Five dividend growth companies announced dividend increases this week, including a 16.7% increase from hot water heater and boiler manufacturer A. O. Smith.  Monthly dividend payer Realty Income Corporation also announced its first dividend increase of 2017.

Dividend Increases Announced This Week

A. O. Smith Corporation (AOS)

Industry: Industrial Goods

Dividend Payment: 14 cents per share – up 16.7% from prior level of 12 cents

Dividend Paid On: 2/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/27

Number of Years of Dividend Increases: 25

Current Forward Yield: 1.17%

 

Consolidated Edison (ED)

Industry: Utilities – Electricity

Dividend Payment: 69 cents per share – up 3.0% from prior level of 67 cents

Dividend Paid On: 3/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/13

Number of Years of Dividend Increases: 43

Current Forward Yield: 3.78%

 

Fastenal Company (FAST)

Industry: Industrial Equipment

Dividend Payment: 32 cents per share – up 6.7% from prior level of 30 cents

Dividend Paid On: 2/28

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/30

Number of Years of Dividend Increases: 19

 

Linear Technology Corporation (LLTC)

Industry: Technology – Semiconductors

Dividend Payment: 33 cents per share – up 3.0% from prior level of 32 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: 25

Current Forward Yield: 2.11%

Note: Linear Technology is currently in the process of being acquired by Analog Devices (ADI).

 

Realty Income Corporation (O)

Industry: REIT

Dividend Payment: 21.05 cents per share – up 4.0% from prior level of 20.25 cents

Dividend Paid On: 2/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/30

Number of Years of Dividend Increases: 24

Current Forward Yield: 4.23%

 

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