Double-Digit Dividend Growth From This Food Company

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%

 

Hormel Foods Corp. (HRL)

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%

 

Dividend Increase Announcements Expected Next Week

McCormick & Co. Inc. (MKC)

Nucor Corporation (NUE)

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