Dividend Increase Announcements for the Week Ending October 13, 2017

Photo: Flickr.com/CafeCredit.com

Two financial companies – an insurer and an asset manager – announced their annual dividend increases this week.  Both increases were around 11%; this is the 37th year of dividend growth for asset manager Eaton Vance and the 24th year of dividend growth for insurer Brown & Brown.  We should see 4 more announcements from dividend growth companies next week.

Dividend Increases Announced This Week

Brown & Brown (BRO)

Industry: Financial – Insurance

Dividend Payment: 15 cents per share – up 11.1% from prior level of 13.5 cents

Dividend Paid On: 11/8

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/26

Number of Years of Dividend Increases: 24

Current Forward Yield: 1.21%

 

Eaton Vance Corporation (EV)

Industry: Financial – Asset Management

Dividend Payment: 31 cents per share – up 10.7% from prior level of 28 cents

Dividend Paid On: 11/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/30

Number of Years of Dividend Increases: 37

Current Forward Yield: 2.43%

 

Dividend Increase Announcements Expected Next Week

AptarGroup (ATR)

Cintas (CTAS)

Lincoln Electric Holdings (LECO)

Stepan Company (SCL)

 

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