Dividend Increase Announcements for the Week Ending May 5, 2017

Weyco Group - owner of the Florsheim and other footwear brands - announced
its 36th year of dividend growth this week.
Photo: Flickr.com/Billie Greenwood

There were five announcements of modest dividend increases this week, including 5% increases from logistics and shipping company Expeditors International of Washington and specialty insurer RLI Corporation.  Read on for the details.

Dividend Increases Announced This Week

Artesian Resources Corporation (ARTNA)

Industry: Utilities – Water

Dividend Payment: 23.18 cents per share – up 1.5% from prior level of 22.83 cents

Dividend Paid On: 5/26

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/11

Number of Years of Dividend Increases: 21

Current Forward Yield: 2.50%

 

Cardinal Health (CAH)

Industry: Business Services

Dividend Payment: 46.24 cents per share – up 3.0% from prior level of 44.89 cents

Dividend Paid On: 7/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 7/1

Number of Years of Dividend Increases: 33

Current Forward Yield: 2.15%

 

Expeditors International of Washington (EXPD)

Industry: Business Services

Dividend Payment: 42 cents per share – up 5.0% from prior level of 40 cents

Dividend Paid On: 6/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/30

Number of Years of Dividend Increases: 23

Current Forward Yield: 1.54%

 

RLI Corporation (RLI)

Industry: Financial – Insurance

Dividend Payment: 21 cents per share – up 5.0% from prior level of 20 cents

Dividend Paid On: 6/20

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/26

Number of Years of Dividend Increases: 42

Current Forward Yield: 1.48%

 

Weyco Group (WEYS)

Industry: Consumer Goods – Footwear

Dividend Payment: 22 cents per share – up 4.8% from prior level of 21 cents

Dividend Paid On: 6/30

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/24

Number of Years of Dividend Increases: 36

Current Forward Yield: 3.17%

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2 Comments

  1. FerdiS says:

    What is your source of dividend increase announcements?

    Do you cover only a certain selection of stocks? The reason I ask is there were many more announcements last week: https://seekingalpha.com/article/4070155-16-dividend-increases-may-1minus-5-2017

    Thanks for the update!

    • Jason says:

      Hi FerdiS:
      Thanks for the question. The stocks that I track are pulled from David Fish’s database, and I focus on companies with long histories (generally at least 10 years) of dividend growth. I also work with U.S. companies only (at least so far) and tend to shy away from MLPs due to the tax complications. It’s been a few months since I published a new company summary, due mainly to my limited time. I do hope to start that back up again soon.

      The list you have is a good one. But with the guidelines above (and they are only guidelines, not hard and fast rules), most of the companies don’t qualify and so I haven’t researched them. The only exceptions are SBSI, PEP and CPK. It turns out that PEP announced this year’s dividend increase back in February, so I decided not to repeat the announcement (see http://harvestingdividends.com/dividend-increase-announcements-for-the-week-ending-february-17-2017/). As for SBSI and CPK, I simply haven’t gotten to them yet.

      As for my source of announcements, it comes from my own research (via the company’s Investor Relations websites and Yahoo Finance) and how I track the companies that I’ve researched so far. You’ve got a lot of well-organized data in your article – I’m curious to know where it comes from.

      Cheers,
      HD

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