Dividend Aristocrat Overview: Family Dollar Stores Inc.

Family Dollar was acquired by Dollar Tree in early 2015.  It ceased trading as a separate company and was removed from the S&P 500 Dividend Aristocrats index at that time.  Dollar Tree does not pay a dividend.

Information on other Dividend Aristocrats is available here.

The information below is retained solely for historical purposes.

About Family Dollar

Family Dollar runs a chain of over 8,000 stores across the United States providing lower cost and discounted goods to their customers.  The company opened its first store in Charlotte, North Caroline in 1959 and has been publicly traded since 1970.  It is traded on the NYSE under the stock ticker symbol FDO.

Family Dollar’s Dividend and Stock Split History

FDO announced an increase in their dividend payout in mid-January 2014, which marked the 38th consecutive year of dividend increases.  Family Dollar became a Dividend Aristocrat in 2001 when it simultaneously joined the S&P 500 index and increased its dividend for the 25th consecutive year, and usually increases its dividend in the first quarter of the calendar year.  Since becoming a Dividend Aristocrat, FDO has increased its dividend at an annual compounded rate of nearly 13.5%; this includes the dividend increase from 2013 to 2014 of over 19% (from 26 to 31 cents per quarter).  FDO appears to be accelerating the dividend increases recently, with increases over the last five years (2010 – 2014) of no less than 14.8%.  The 5 and 10-year annual compounded increases are 15.8% and 13.2%, respectively.  In addition, over the last 20 years FDO has increased its dividends at a 12.4% compounded rate.  Family Dollar paid its first dividend in 1976.

Family Dollar has split 9 times since going public in 1970.  There were 2 for 1 splits in June 1971, May 1972, July 1983, February 1992, and April 1998.  3 for 2 splits occurred in October 1981, January 1983, February 1985, and July 1997.

Direct Purchase and Dividend Reinvestment Plans

Family Dollar does not have either a direct stock purchase or a dividend reinvestment plan.  The easiest way for individual investors to purchase the stock is through their online broker, and most brokers can automatically reinvest dividends with either no fee or, at most, a minimal fee.

Helpful Links

Family Dollar Investor Relations

Current quote and financial summary (finviz.com)

 

2 thoughts on “Dividend Aristocrat Overview: Family Dollar Stores Inc.

  1. Pingback: Dividend Aristocrats Week In Review for March 8, 2014: Family Dollar Announces Quarterly Dividend | Dividend Aristocrat Stocks

  2. Pingback: Dividend Aristocrats Week in Review for June 7, 2014

Comments are closed.