FedEx increased its dividend for the 17th straight year this week.
Photo: Flickr.com/Tomas Del Coro

FedEx rewarded investors with a massive dividend increase this week.  One of 4 double-digit increases and 6 total increases this week, the shipping and logistics company announced a 30% dividend increase.  This is the 5th straight year of dividend increases of at least 20% from FedEx.  See all the information on this and other dividend increases below:

Dividend Increases Announced This Week

Franklin Resources (BEN)

Industry: Asset Management

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

Dividend Paid On: 7/13

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/28

Number of Years of Dividend Increases: 37

Current Forward Yield: 2.71%

 

Casey’s General Stores (CASY)

Industry: Retail – Grocery Stores

Dividend Payment: 29 cents per share – up 11.5% from prior level of 26 cents

Dividend Paid On: 8/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 7/31

Number of Years of Dividend Increases: 29

Current Forward Yield: 1.15%

 

Caterpillar (CAT)

Industry: Industrial Goods – Machinery

Dividend Payment: 86 cents per share – up 10.2% from prior level of 78 cents

Dividend Paid On: 8/20

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 7/19

Number of Years of Dividend Increases: 25

Current Forward Yield: 2.29%

 

FedEx (FDX)

Industry: Services – Freight Delivery

Dividend Payment: 65 cents per share – up 30.0% from prior level of 50 cents

Dividend Paid On: 7/9

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/22

Number of Years of Dividend Increases: 17

Current Forward Yield: 0.98%

 

National Fuel Gas (NFG)

Industry: Utilities – Diversified

Dividend Payment: 42.5 cents per share – up 2.4% from prior level of 41.5 cents

Dividend Paid On: 7/13

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/28

Number of Years of Dividend Increases: 48

Current Forward Yield: 3.23%

 

Target Corporation (TGT)

Industry: Retail

Dividend Payment: 64 cents per share – up 3.2% from prior level of 62 cents

Dividend Paid On: 9/10

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 8/14

Number of Years of Dividend Increases: 47

Current Forward Yield: 3.31%

 

W. P. Carey (WPC)

Industry: REIT

Dividend Payment: $1.02 per share – up 0.5% from prior level of $1.015

Dividend Paid On: 7/16

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/28

Number of Years of Dividend Increases: 21

Current Forward Yield: 6.09%

**WPC has historically increased its dividend each quarter

 

Dividend Increase Announcements Expected Next Week

John Wiley & Sons (JW.A)

Medtronic plc (MDT)