General Dynamics announced its 18th consecutive annual dividend increase this week. The company's Electric Boat division manufactures nuclear powered attack submarines. Photo from General Dynamics Electric Boat webpage.
After a busy few weeks with lots of dividend announcements, this was a quiet week with only two companies announcing dividend payments. The two companies – a defense contractor and a natural gas utility – both announced their latest dividend increases.
S&P 500 Dividend Aristocrats
No announcements from the S&P 500 Dividend Aristocrats this week.
S&P 500 High Yield Dividend Aristocrats
General Dynamics (GD)
Industry: Defense Products & Services
Dividend Payment: 69 cents per share – up 11.3% from prior level of 62 cents
Dividend Paid On: 5/8
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/8
Number of Years of Dividend Increases: 18
Current Forward Yield: 2.05%
Piedmont Natural Gas (PNY)
Industry: Gas Utilities
Dividend Payment: 33 cents per share – up 3.1% from prior level of 32 cents
Dividend Paid On: 4/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/23
Number of Years of Dividend Increases: 37
Current Forward Yield: 3.75%
Next Week’s Ex-Dividend Stocks:
Tuesday, March 10:
MDU Resources Group (MDU)
Wednesday, March 11:
Automatic Data Processing, Inc. (ADP)
United Bankshares, Inc. (UBSI)
Thursday, March 12:
Albemarle Corporation (ALB)
Telephone & Data Systems (TDS)
Friday, March 13:
None.
Monday, March 16:
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.