The Sherwin-Williams Company has increased dividends for 37 years and over the
last 5 years has grown its dividend an average of 13.2% per year.
Photo courtesy gbrazzill/flickr.com.

This week, nine companies – including three that began increasing dividends when Lyndon Johnson was president (Coca Cola, Colgate-Palmolive and Genuine Parts Company) – announced dividend increases.  And I missed Medtronic’s dividend increase from last week, so I’ve included it below.

S&P 500 Dividend Aristocrats

Abbott (ABT)

Industry: Drug Manufacturer

Dividend Payment: 24 cents per share

Dividend Paid On: 5/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/13

Number of Years of Dividend Increases: 43

Current Forward Yield: 2.02%

 

The Coca-Cola Company (KO)

Industry: Beverages

Dividend Payment: 33 cents per share – up 8.2% from prior level of 30.5 cents

Dividend Paid On: 4/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/12

Number of Years of Dividend Increases: 53

Current Forward Yield: 3.15%

 

Colgate-Palmolive (CL)

Industry: Consumer Goods

Dividend Payment: 38 cents per share – up 5.6% from prior level of 36 cents

Dividend Paid On: 5/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/21

Number of Years of Dividend Increases: 52

Current Forward Yield: 2.16%

 

Genuine Parts Company (GPC)

Industry: Retail – Auto Parts

Dividend Payment: 61.5 cents per share – up 7.0% from prior level of 57.5 cents

Dividend Paid On: 4/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/4

Number of Years of Dividend Increases: 59

Current Forward Yield: 2.56%

 

Kimberly-Clark Corporation (KMB)

Industry: Consumer Goods

Dividend Payment: 88 cents per share – up 4.8% from prior level of 84 cents

Dividend Paid On: 4/2

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/4

Number of Years of Dividend Increases: 43

Current Forward Yield: 3.17%

 

Medtronic (MDT) (Announced 2/13)

Industry: Medical Appliances & Equipment

Dividend Payment: 30.5 cents per share

Dividend Paid On: 4/17

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/26

Number of Years of Dividend Increases: 37

Current Forward Yield: 1.55%

 

Nucor Corporation (NUE)

Industry: Steel & Iron

Dividend Payment: 37.25 cents per share

Dividend Paid On: 5/11

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/27

Number of Years of Dividend Increases: 41

Current Forward Yield: 2.07%

 

The Sherwin-Williams Company (SHW)

Industry: Specialty Chemicals

Dividend Payment: 67 cents per share – up 21.8% from prior level of 55 cents

Dividend Paid On: 3/13

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/26

Number of Years of Dividend Increases: 37

Current Forward Yield: 0.79%

 

Stanley, Black & Decker (SWK)

Industry: Machine Tool & Accessories

Dividend Payment: 52 cents per share

Dividend Paid On: 3/24

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/2

Number of Years of Dividend Increases: 46

Current Forward Yield: 2.10%

S&P 500 High Yield Dividend Aristocrats

Old Republic International Corporation (ORI)

Industry: Insurance

Dividend Payment: 18.5 cents per share – up 1.4% from prior level of 18.25 cents

Dividend Paid On: 3/16

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/4

Number of Years of Dividend Increases: 34

Current Forward Yield: 4.89%

 

Valspar (VAL)

Industry: Specialty Chemicals

Dividend Payment: 30 cents per share

Dividend Paid On: 3/13

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/26

Number of Years of Dividend Increases: 36

Current Forward Yield: 1.36%

 

West Pharmaceutical Services, Inc. (WST)

Industry: Medical Instruments & Supplies

Dividend Payment: 11 cents per share

Dividend Paid On: 5/6

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/20

Number of Years of Dividend Increases: 22

Current Forward Yield: 0.82%

Next Week’s Ex-Dividend Stocks:

Tuesday, February 24:

None.

Wednesday, February 25:

Cullen Frost Bankers (CFR)

Dover Corporation (DOV)

Thursday, February 26:

Sherwin-Williams Company (SHW)

McDonalds (MCD)

Valspar (VAL)

Friday, February 27:

None.

Monday, March 2:

Stanley, Black & Decker (SWK)

There are over 50 S&P 500 companies that have increased dividends for more than a quarter century.  See the full list of S&P Dividend Aristocrats.