Procter & Gamble, manufacturer of Tide laundry detergent, announced its 62nd year of dividend growth this week. Photo: Flickr.com/Mike Mozart
The dividend growth announcements returned this week after a post-Easter hiatus. Four long-term dividend growth companies announced their annual increases including Procter & Gamble with a modest 4% increase to mark its 62nd year of dividend growth. Also notable was retail REIT Tanger Factory Outlet Centers’ 25th year of dividend growth, announced this week. While the 2.2% increase isn’t very large, the company has an outsized yield of nearly 6.2%.
Dividend Increases Announced This Week
Industry: Business Services
Dividend Payment: 69 cents per share – up 9.5% from prior level of 63 cents
Dividend Paid On: 7/1
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/7
Number of Years of Dividend Increases: 44
Current Forward Yield: 2.39%
Industry: Specialty Chemicals
Dividend Payment: 15.5 cents per share – up 3.3% from prior level of 15 cents
Dividend Paid On: 5/10
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/25
Number of Years of Dividend Increases: 49
Current Forward Yield: 1.25%
Industry: Consumer Goods
Dividend Payment: 71.72 cents per share – up 4.0% from prior level of 68.96 cents
Dividend Paid On: 5/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/19
Number of Years of Dividend Increases: 62
Current Forward Yield: 3.66%
Tanger Factory Outlet Centers (SKT)
Industry: REIT
Dividend Payment: 35 cents per share – up 2.2% from prior level of 34.25 cents
Dividend Paid On: 5/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/27
Number of Years of Dividend Increases: 25
Current Forward Yield: 6.17%
Dividend Increase Announcements Expected Next Week
People’s United Financial (PBCT)