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
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%
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
Lincoln Electric Holdings (LECO)