Graco Increases Dividend 10%, Declares 3-for-1 Stock Split

Graco manufactures fluid handling equipment, including equipment to lay down
line markers on playing fields.  The company declared a 3-for-1 split and
increased its dividend by 10% this week.
Photo: Flickr.com/Ken Lund

Fluid handling equipment manufacturer Graco announced a 3-for-1 stock split this week, along with its 19th year of dividend growth – rewarding investors to the tune of 10% dividend growth.  Graco was one of five companies announcing increases this week, and one of three with double-digit increases.  Medical manufacturer and future Dividend Aristocrat Stryker and cleaning product manufacturer Ecolab announced 11% and 12% increases, respectively.

Dividend Increases Announced This Week

C. H. Robinson Worldwide (CHRW)

Industry: Business Services

Dividend Payment: 46 cents per share – up 2.2% from prior level of 45 cents

Dividend Paid On: 12/29

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/15

Number of Years of Dividend Increases: 20

Current Forward Yield: 2.08%

 

Ecolab (ECL)

Industry: Consumer Goods

Dividend Payment: 41 cents per share – up 10.8% from prior level of 37 cents

Dividend Paid On: 1/16/2018

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/18

Number of Years of Dividend Increases: 31

Current Forward Yield: 1.21%

 

Graco, Inc. (GGG)

Industry: Industrial Goods – Fluid Handling Equipment

Dividend Payment: 39.75 cents per share – up 10.4% from prior level of 36 cents

Dividend Paid On: 2/7/2018

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/19/2018

Number of Years of Dividend Increases: 19

Current Forward Yield: 1.22%

All numbers above are pre-split.

 

Pentair plc (PNR)

Industry: Industrial Goods – Electrical Equipment

Dividend Payment: 35 cents per share – up 1.4% from prior level of 34.5 cents

Dividend Paid On: 2/9

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/25/2018

Number of Years of Dividend Increases: 42

Current Forward Yield: 2.00 %

 

Stryker Corporation (SYK)

Industry: Healthcare – Medical Equipment

Dividend Payment: 47 cents per share – up 11.8% from prior level of 42.5 cents

Dividend Paid On: 1/31/2018

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/28

Number of Years of Dividend Increases: 26

Current Forward Yield: 1.24%

 

Dividend Increase Announcements Expected Next Week

Abbott (ABT)

Franklin Resources (BEN)

CVS Health Corporation (CVS)

SEI Investments Company (SEIC)

Urstadt Biddle Properties (UBA)

Waste Management (WM)

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2 Comments

  1. Nice catch on GGG. I missed out the stock split part. Are you looking at number of years of dividend increase or number of years of continuous dividend increase?

    For e.g. Stryker Corp has 6 years of consecutive dividend increase

    http://www.dividend.com/dividend-stocks/healthcare/medical-instruments-and-supplies/syk-stryker-corp/

    • Jason says:

      Hi dividendgeek2045:
      The number of years of dividend growth is based on year-over-year dividend increases. It’s the same methodology that’s used by S&P to define a “Dividend Aristocrat”. It does allow for skipping an increase in a given year, if the company increases dividends in the middle of the year.

      With regards to Stryker, they’ve done an annual increase over at least the last 8 years. I couldn’t find quarterly dividend information prior to that, but I suspect the annual increase as gone on longer than that. In any case, 2018 will be the 26th straight year of dividend growth for Stryker.

      Thanks for the comment!

      Cheers,
      HD