Photo courtesy Daniel Oines/flickr.com.
This week, 9 dividend growth companies announced dividend payments including a residential REIT, a retailer and an insurer that announced dividend increases.
S&P 500 Dividend Aristocrats
Industry: Property & Casualty Insurance
Dividend Payment: 57 cents per share – up 14.0% from prior level of 50 cents
Dividend Paid On: 4/1
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/11
Number of Years of Dividend Increases: 33
Current Forward Yield: 2.27%
Industry: Industrial Cleaning Products & Services
Dividend Payment: 33 cents per share
Dividend Paid On: 4/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/6
Number of Years of Dividend Increases: 28
Current Forward Yield: 1.14%
Industry: Home Furnishings & Fixtures
Dividend Payment: 31 cents per share
Dividend Paid On: 4/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/11
Number of Years of Dividend Increases: 44
Current Forward Yield: 2.75%
S&P 500 High Yield Dividend Aristocrats
ACE Limited (ACE)
Industry: Property & Casualty Insurance
Dividend Payment: 65 cents per share
Dividend Paid On: 4/21
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/27
Number of Years of Dividend Increases: 21
Current Forward Yield: 2.28%
(The company also announced that the board recommended for shareholder approval a dividend increase to 67 cents per share beginning in 2nd quarter.)
Albemarle Corporation (ALB)
Industry: Specialty Chemicals
Dividend Payment: 29 cents per share – up 5.5% from prior level of 27.5 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: 21
Current Forward Yield: 2.05%
Essex Property Trust, Inc. (ESS)
Industry: REIT – Residential
Dividend Payment: $1.44 per share – up 10.8% from prior level of $1.30
Dividend Paid On: 4/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/27
Number of Years of Dividend Increases: 21
Current Forward Yield: 2.59%
Ross Stores (ROST)
Industry: Retailing – Apparel
Dividend Payment: 23.5 cents per share – up 17.5% from prior level of 20 cents
Dividend Paid On: 3/5
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/31
Number of Years of Dividend Increases: 21
Current Forward Yield: 0.89%
Telephone & Data Systems, Inc. (TDS)
Industry: Wireless Communications
Dividend Payment: 14.1 cents per share – up 5.2% from prior level of 13.4 cents
Dividend Paid On: 3/31
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/31
Number of Years of Dividend Increases: 41
Current Forward Yield: 2.22%
United Bankshares, Inc. (UBSI)
Industry: Regional Banking
Dividend Payment: 32 cents per share
Dividend Paid On: 4/1
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/11
Number of Years of Dividend Increases: 41
Current Forward Yield: 3.42%
Next Week’s Ex-Dividend Stocks:
Tuesday, March 3:
None.
Wednesday, March 4:
Commerce Bancshares Inc. (CBSH)
Old Republic Corporation (ORI)
Praxair Inc. (PX)
Thursday, March 5:
Ross Stores (ROST)
Friday, March 6:
Becton, Dickenson and Company (BDX)
Monday, March 9:
None.
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.