Two Asset Managers Increased Dividends This Week

Two investment managers - Franklin Resources and SEI Investments - announced
their latest annual dividend increase this week.
Photo: Flickr.com/Free Pictures of Money

Among the seven companies that announced their annual increases this week were two asset managers – Franklin Resources and SEI Investments Company.  Other companies that announced increases this week were AT&T (34 years of increases & a forward yield of 5.23%), and REITs Urstadt Biddle (24 years; 4.71%) and Realty Income Corporation (24 years; 4.44%).  Next week finishes off December for increases with Roper Technologies and CVS/Caremark expected to announce increases ahead of the Christmas holiday weekend.

Dividend Increases Announced This Week

Abbott (ABT)

Industry: Healthcare – Medical Equipment

Dividend Payment: 28 cents per share – up 5.7% from prior level of 26.5 cents

Dividend Paid On: 2/15/2018

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/11/2018

Number of Years of Dividend Increases: 46

Current Forward Yield: 2.02%

 

Franklin Resources (BEN)

Industry: Financial – Asset Management

Dividend Payment: 23 cents per share – up 15.0% from prior level of 20 cents

Dividend Paid On: 1/10/2018

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/22

Number of Years of Dividend Increases: 36

Current Forward Yield: 2.12%

 

Realty Income Corporation (O)

Industry: REIT

Dividend Payment: 21.25 cents per share – up 0.2% from prior level of 21.2 cents*

Dividend Paid On: 1/12/2018

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/29

Number of Years of Dividend Increases: 24

Current Forward Yield: 4.44%

*Realty Income Corporation pays dividends monthly.

 

SEI Investments Company (SEIC)

Industry: Financial – Asset Management

Dividend Payment: 30 cents per share – up 7.1% from prior level of 28 cents

Dividend Paid On: 1/8/2018

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/26

Number of Years of Dividend Increases: 27

Current Forward Yield: 1.68%

 

AT&T (T)

Industry: Technology – Telecom

Dividend Payment: 50 cents per share – up 2.0% from prior level of 49 cents

Dividend Paid On: 2/1/2018

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/8/2018

Number of Years of Dividend Increases: 34

Current Forward Yield: 5.23%

 

Urstadt Biddle Properties (UBA)

Industry: REIT – Retail

Dividend Payment: 27 cents per share – up 1.9% from prior level of 26.5 cents

Dividend Paid On: 1/19/2018

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/4/2018

Number of Years of Dividend Increases: 24

Current Forward Yield: 4.71%

 

Waste Management (WM)

Industry: Business Services

Dividend Payment: 46.5 cents per share – up 9.4% from prior level of 42.5 cents

Dividend Paid On: To Be Announced

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): To Be Announced

Number of Years of Dividend Increases: 15

Current Forward Yield: 2.17%

 

Dividend Increase Announcements Expected Next Week

CVS/Caremark (CVS)

Roper Technologies (ROP)

 

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