Medtronic began its 4th decade of dividend growth this week. Photo: Flickr.com/Gabriel Flores Romero
After last week’s 6 dividend increases, things were a little slower this week with only 2 dividend increase announcements. Publisher John Wiley & Sons and medical equipment manufacturer Medtronic both announced increases, with Medtronic beginning its 4th decade of dividend growth. Neither company has a tremendous yield – both companies’ yields are in the low-to-mid 2% range.
Dividend Increases Announced This Week
Industry: Business Services – Publishing
Dividend Payment: 32 cents per share – up 3.2% from prior level of 31 cents
Dividend Paid On: 7/19
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/30
Number of Years of Dividend Increases: 24
Current Forward Yield: 2.45%
Industry: Healthcare – Medical Equipment
Dividend Payment: 46 cents per share – up 7.0% from prior level of 43 cents
Dividend Paid On: 7/26
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 7/5
Number of Years of Dividend Increases: 40
Current Forward Yield: 2.06%