Church & Dwight has expanded its Arm & Hammer brand beyond basic baking soda. Photo: Flickr.com/Mike Mozart
Two oversize increases punctuated this week’s announcements. Baking soda manufacturer Church & Dwight rewarded investors with a 15% increase and financial information company S&P Global blew away my expectations with a 22% increase. Other announcements came from Bemis Company and Eversource Energy.
Eight more companies should announce annual dividend increases next week.
Dividend Increases Announced This Week
Industry: Packaging & Containers
Dividend Payment: 31 cents per share – up 3.3% from prior level of 30 cents
Dividend Paid On: 3/1
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/16
Number of Years of Dividend Increases: 35
Current Forward Yield: 2.84%
Industry: Consumer Goods
Dividend Payment: 21.75 cents per share – up 14.5% from prior level of 19 cents
Dividend Paid On: 3/1
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/14
Number of Years of Dividend Increases: 22
Current Forward Yield: 1.79%
Industry: Utilities – Diversified
Dividend Payment: 50.5 cents per share – up 6.3% from prior level of 47.5 cents
Dividend Paid On: 3/30
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/5
Number of Years of Dividend Increases: 20
Current Forward Yield: 3.54%
Industry: Financial – Business Services
Dividend Payment: 50 cents per share – up 22.0% from prior level of 41 cents
Dividend Paid On: 3/12
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/23
Number of Years of Dividend Increases: 45
Current Forward Yield: 1.13%
Dividend Increase Announcements Expected Next Week
Jack Henry & Associates, Inc. (JKHY)
Thomson Reuters Corporation (TRI)
Man that’s a huge increase from CHD. I had been trying to buy shares of them for the longest time but the valuation just never really looked attractive to me whenever I happened to have capital that was ready to invest. February has been slow for dividend increases among companies that I own, but things should start picking up next week and throughout the rest of the month with KO, WMT, PEP, BNS, TROW and ROST announcing raises.
JC:
Yeah, it’s been really crazy in this market trying to find these types of stocks at decent prices. Even with the recent pullback, the current yields aren’t much – CHD is less than 1.8% right here.
Like you, I expect the latter half of February to pick up quite a bit. Thanks for the comment!
Cheers,
HD