Costco Dividends

Three Double-Digit Increases Among Eight Announcements This Week

Costco announced its 15th year of dividend growth this week.
Photo: Flickr.com/Mike Mozart

Three double-digit increases punctuated eight dividend growth announcements this week.  Regional bank Cullen/Frost led the way with a 17.5% increase to give the company a 2.3% forward yield.  The other two companies with double-digit increases were food wholesaler Costco and industrial equipment manufacturer Franklin Electric.  Read on for the details….

Dividend Increases Announced This Week

Cullen/Frost Bankers (CFR)

Industry: Financial – Regional Banking

Dividend Payment: 67 cents per share – up 17.5% from prior level of 57 cents

Dividend Paid On: 6/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/30

Number of Years of Dividend Increases: 25

Current Forward Yield: 2.31%

 

Costco (COST)

Industry: Retail

Dividend Payment: 57 cents per share – up 14.0% from prior level of 50 cents

Dividend Paid On: 5/25

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/10

Number of Years of Dividend Increases: 15

Current Forward Yield: 1.16%

 

Franklin Electric Company (FELE)

Industry: Industrial Electrical Equipment

Dividend Payment: 12 cents per share – up 11.6% from prior level of 10.75 cents

Dividend Paid On: 5/17

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/2

Number of Years of Dividend Increases: 26

Current Forward Yield: 1.15%

 

W. W. Grainger (GWW)

Industry: Business Services – Retail

Dividend Payment: $1.36 per share – up 6.3% from prior level of $1.28

Dividend Paid On: 5/11

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/1

Number of Years of Dividend Increases: 47

Current Forward Yield: 1.91%

 

IBM (IBM)

Industry: Technology

Dividend Payment: $1.57 per share – up 4.7% from prior level of $1.50

Dividend Paid On: 6/9

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/9

Number of Years of Dividend Increases: 23

Current Forward Yield: 4.29%

 

Johnson & Johnson (JNJ)

Industry: Healthcare – Diversified

Dividend Payment: 90 cents per share – up 7.1% from prior level of 84 cents

Dividend Paid On: 6/12

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/25

Number of Years of Dividend Increases: 56

Current Forward Yield: 2.80%

 

UGI Corporation (UGI)

Industry: Utilities – Diversified

Dividend Payment: 26 cents per share – up 4.0% from prior level of 25 cents

Dividend Paid On: 7/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/14

Number of Years of Dividend Increases: 31

Current Forward Yield: 2.14%

 

ExxonMobil (XOM)

Industry: Integrated Oil & Gas

Dividend Payment: 82 cents per share – up 6.5% from prior level of 77 cents

Dividend Paid On: 5/11

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/11

Number of Years of Dividend Increases: 36

Current Forward Yield: 4.22%

 

Dividend Increase Announcements Expected Next Week

Apple (AAPL)

Artesian Resources Corporation (ARTNA)

Cardinal Health (CAH)

Connecticut Water Service (CTWS)

Expeditors International of Washington (EXPD)

RLI Corporation (RLI)

Weyco Group (WEYS)