Dinty Moore is one of the major brands that has powered Hormel Foods to 52 straight years of dividend growth. Photo: Flickr.com/Lorie Shaull
On this holiday-shortened week, we give thanks for three companies that extended their dividend growth streaks with announcements of annual dividend hikes. Notably, food company Hormel announced a 10% increase to 75 cents per share.
Dividend Increases Announced This Week
Becton, Dickinson and Company (BDX)
Industry: Healthcare – Medical Instruments
Dividend Payment: 75 cents per share – up 2.7% from prior level of 73 cents
Dividend Paid On: 12/29
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/7
Number of Years of Dividend Increases: 46
Current Forward Yield: 1.33%
Industry: Food & Beverages – Food
Dividend Payment: 18.75 cents per share – up 10.3% from prior level of 17 cents
Dividend Paid On: 2/15/2018
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/12/2018
Number of Years of Dividend Increases: 52
Current Forward Yield: 2.18%
South Jersey Industries, Inc. (SJI)
Industry: Utilities – Gas
Dividend Payment: 28 cents per share – up 2.8% from prior level of 27.25 cents
Dividend Paid On: 12/27
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/8
Number of Years of Dividend Increases: 18
Current Forward Yield: 3.41%