Caterpillar increased their quarterly dividend 10% this week -
the company's 22nd annual dividend increase.
Photo courtesy Jay Reed/flickr.com.

Six dividend growth companies announced their payouts this week, with Target Corporation announcing its 44th year of dividend growth and industrial machinery manufacturer Caterpillar announcing a 10% increase.

S&P 500 Dividend Aristocrats

The Chubb Corporation (CB)

Industry: Insurance

Dividend Payment: 57 cents per share

Dividend Paid On: 7/14

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/24

Number of Years of Dividend Increases: 33

Current Forward Yield: 2.35%

 

Colgate-Palmolive Company (CL)

Industry: Consumer Products

Dividend Payment: 38 cents per share

Dividend Paid On: 8/14

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 7/21

Number of Years of Dividend Increases: 52

Current Forward Yield: 2.29%

 

Target Corporation (TGT)

Industry: Retailing

Dividend Payment: 56 cents per share – up 7.7% from prior level of 52 cents

Dividend Paid On: 9/10

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 8/17

Number of Years of Dividend Increases: 44

Current Forward Yield: 2.82%

S&P 500 High Yield Dividend Aristocrats

Caterpillar (CAT)

Industry: Industrial Machinery

Dividend Payment: 77 cents per share – up 10.0% from prior level of 70 cents

Dividend Paid On: 8/20

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 7/16

Number of Years of Dividend Increases: 22

Current Forward Yield: 3.51%

 

CDK Global (CDK)

Industry: Application Software

Dividend Payment: 12 cents per share

Dividend Paid On: 6/30

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/18

Number of Years of Dividend Increases: 40*

Current Forward Yield: 0.95%

(*CDK was spun off from ADP in October 2014 and, per S&P’s methodology, inherits ADP’s dividend growth history. CDK has paid dividends for 3 quarters and has not yet increased dividends since being spun off.)

 

United Technologies Corporation (UTX)

Industry: Aerospace & Defense

Dividend Payment: 64 cents per share

Dividend Paid On: 9/10

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 8/12

Number of Years of Dividend Increases: 22

Current Forward Yield: 2.18%

Next Week’s Ex-Dividend Stocks:

Tuesday, June 16:

None.

Wednesday, June 17:

None.

Thursday, June 18:

CDK Global (CDK)

SEI Investments Corporation (SEIC)

Friday, June 19:

None.

Monday, June 22:

Piedmont Natural Gas Company (PNY)