Two Double-Digit Dividend Increases This Week

Photo: Flickr.com/Mike Mozart

It was a good week for dividend growth stocks, with Cintas and Lincoln Electric announcing double-digit increases.  In particular, Cintas continued its outstanding dividend history with a 22% increase.  Disappointingly, AptarGroup – which I expected to announce its annual dividend increase this week – decided instead to hold its dividend steady.  I expect six more companies to announce increases next week.

Dividend Increases Announced This Week

Cintas (CTAS)

Industry: Business Services

Dividend Payment: $1.62 per share – up 21.8% from prior level of $1.33

Dividend Paid On: 12/8

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/9

Number of Years of Dividend Increases: 35

Current Forward Yield: 1.06%

*Cintas pays dividends once a year

 

Lincoln Electric Holdings (LECO)

Industry: Industrial Goods

Dividend Payment: 39 cents per share – up 11.4% from prior level of 35 cents

Dividend Paid On: 1/12/2018

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

Number of Years of Dividend Increases: 23

Current Forward Yield: 1.63%

 

Dividend Increase Announcements Expected Next Week

AFLAC (AFL)

Middlesex Water Company (MSEX)

Prosperity Bancshares (PB)

AT&T (T)

UMB Financial Corporation (UMBF)

V. F. Corporation (VFC)

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