Photo: Flickr.com/karen_2873
Eight Dividend Aristocrats announced dividend increases this week, along with eight other companies. Notable among the announcements was Matthews International, which announced a 13% dividend increase for its 22nd year of dividend growth. Acquisition target Valspar and food wholesaler Sysco also announced dividend increases; Sysco’s 6.5% increase marks the 41st year of dividend growth for the company.
S&P 500 Dividend Aristocrats
Industry: Chemicals – Diversified
Dividend Payment: 86 cents per share
Dividend Paid On: 2/13/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/29
Number of Years of Dividend Increases: 34
Current Forward Yield: 2.49%
Industry: Food & Beverages
Dividend Payment: 18.25 cents per share – up 7.4% from prior level of 17 cents
Dividend Paid On: 1/3/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/30
Number of Years of Dividend Increases: 33
Current Forward Yield: 1.47%
Cincinnati Financial Corporation (CINF)
Industry: Financial – Insurance
Dividend Payment: 48 cents per share
Dividend Paid On: 1/17/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/19
Number of Years of Dividend Increases: 55
Current Forward Yield: 2.59%
Industry: Consumer Goods
Dividend Payment: 80 cents per share
Dividend Paid On: 2/10/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/23/2017
Number of Years of Dividend Increases: 40
Current Forward Yield: 2.82%
Industry: Retail – Specialty
Dividend Payment: 65.75 cents per share
Dividend Paid On: 1/3/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/7
Number of Years of Dividend Increases: 60
Current Forward Yield: 2.78%
Kimberly-Clark Corporation (KMB)
Industry: Consumer Goods
Dividend Payment: 92 cents per share
Dividend Paid On: 1/4/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/7
Number of Years of Dividend Increases: 44
Current Forward Yield: 3.28%
Industry: Food & Beverages
Dividend Payment: 75.25 cents per share
Dividend Paid On: 1/6/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/30
Number of Years of Dividend Increases: 44
Current Forward Yield: 2.96%
Industry: Business Services
Dividend Payment: 33 cents per share – up 6.5% from prior level of 31 cents
Dividend Paid On: 1/27/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/4/2017
Number of Years of Dividend Increases: 41
Current Forward Yield: 2.49%
S&P 500 High Yield Dividend Aristocrats
Industry: Financial – Insurance
Dividend Payment: 69 cents per share
Dividend Paid On: 1/20/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/28
Number of Years of Dividend Increases: 23
Current Forward Yield: 2.20%
Industry: Technology – Business Software
Dividend Payment: 14 cents per share – up 3.7% from prior level of 13.5 cents
Dividend Paid On: 12/30
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/16
Number of Years of Dividend Increases: 42
Current Forward Yield: 0.97%
Industry: Industrial Goods – Building Materials
Dividend Payment: 19.25 cents per share – up 2.7% from prior level of 18.75 cents
Dividend Paid On: 1/1/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/6
Number of Years of Dividend Increases: 26
Current Forward Yield: 2.75%
Industry: Retail
Dividend Payment: 13.5 cents per share
Dividend Paid On: 12/30
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/5
Number of Years of Dividend Increases: 22
Current Forward Yield: 0.82%
Industry: Utilities – Diversified
Dividend Payment: 23.75 cents per share
Dividend Paid On: 1/1/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/13
Number of Years of Dividend Increases: 29
Current Forward Yield: 2.16%
Industry: Chemicals – Specialty
Dividend Payment: 37 cents per share – up 12.1% from prior level of 33 cents
Dividend Paid On: 12/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/29
Number of Years of Dividend Increases: 39
Current Forward Yield: 1.46%
Other Notable Dividend Increase Announcements
Matthews International Corporation (MATW)
Industry: Services – Personal Services
Dividend Payment: 17 cents per share – up 13.3% from prior level of 15 cents
Dividend Paid On: 12/16
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/23
Number of Years of Dividend Increases: 22
Current Forward Yield: 0.96%
Nike, Inc. (NKE)
Industry: Consumer Goods – Clothing
Dividend Payment: 18 cents per share – up 12.5% from prior level of 16 cents
Dividend Paid On: 1/3/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/1
Number of Years of Dividend Increases: 15
Current Forward Yield: 1.41%
Next Week’s Ex-Dividend Stocks
Tuesday, November 22:
None.
Wednesday, November 23:
Thursday, November 24:
THANKSGIVING – MARKETS CLOSED
Friday, November 25:
None.
Monday, November 28: