Dividend Increase Announcements for the Week Ending June 16, 2017

FedEx rewarded investors with a 25% dividend increase this week.
Photo: Flickr.com/Chris Yarzab

After two weeks of just a single dividend increase, we saw six companies announce regular dividend increases this week.  In addition to FedEx announcing a 25% increase, REIT and monthly dividend payer Realty Income Corporation announced its 2nd increase of 2017 so far.  And between a nearly 6% price drop on Friday and a 3% dividend increase announced this week to be paid in September, retailer Target now yields around to 4.7%, more than 2x the S&P 500’s 1.9% yield.

Dividend Increases Announced This Week

Caterpillar (CAT)

Industry: Industrial Goods – Machinery

Dividend Payment: 78 cents per share – up 1.3% from prior level of 77 cents

Dividend Paid On: 8/19

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/16

Number of Years of Dividend Increases: 24

Current Forward Yield: 2.90%

 

FedEx Corporation (FDX)

Industry: Air Delivery & Freight Services

Dividend Payment: 50 cents per share – up 25.0% from prior level of 40 cents

Dividend Paid On: 7/6

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/20

Number of Years of Dividend Increases: 16

Current Forward Yield: 0.95%

 

National Fuel Gas (NFG)

Industry: Energy

Dividend Payment: 41.5 cents per share – up 2.5% from prior level of 40.5 cents

Dividend Paid On: 7/14

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/28

Number of Years of Dividend Increases: 47

Current Forward Yield: 2.81%

 

Realty Income Corporation (O)

Industry: REIT

Dividend Payment: 21.15 cents per share – up 0.2% from prior level of 21.1 cents

Dividend Paid On: 7/14

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/29

Number of Years of Dividend Increases: 24

Current Forward Yield: 4.47%

 

Target Corporation (TGT)

Industry: Retail

Dividend Payment: 62 cents per share – up 3.3% from prior level of 60 cents

Dividend Paid On: 9/10

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 8/14

Number of Years of Dividend Increases: 46

Current Forward Yield: 4.71%

 

United Technologies Corporation (UTX)

Industry: Aerospace & Defense

Dividend Payment: 70 cents per share – up 6.1% from prior level of 66 cents

Dividend Paid On: 9/10

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 8/16

Number of Years of Dividend Increases: 24

Current Forward Yield: 2.32%

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