Lancaster Colony, maker of Marzetti brand salad dressing and other food products, announced its 54th year of dividend increases this week. Photo: Flickr.com/theimpulsivebuy
While there were only six dividend announcements in this shortened holiday week, four of them were announcements of increases. Notably, two food companies with more than half a century of dividend growth – Hormel and Lancaster Colony – announced double digit increases this week.
S&P 500 Dividend Aristocrats
Becton, Dickinson and Company (BDX)
Industry: Healthcare – Medical Instruments
Dividend Payment: 73 cents per share – up 10.6% from prior level of 66 cents
Dividend Paid On: 12/30
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/7
Number of Years of Dividend Increases: 45
Current Forward Yield: 1.71%
Industry: Food & Beverages – Food
Dividend Payment: 17 cents per share – up 17.2% from prior level of 14.5 cents
Dividend Paid On: 2/15/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/12/2017
Number of Years of Dividend Increases: 51
Current Forward Yield: 1.90%
S&P 500 High Yield Dividend Aristocrats
Old Republic International Corporation (ORI)
Industry: Financial – Insurance
Dividend Payment: 18.75 cents per share
Dividend Paid On: 12/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/1
Number of Years of Dividend Increases: 35
Current Forward Yield: 4.11%
Roper Technologies, Inc. (ROP)
Industry: Industrial Goods – Machinery
Dividend Payment: 35 cents per share – up 16.7% from prior level of 30 cents
Dividend Paid On: 1/23/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/5/2017
Number of Years of Dividend Increases: 24
Current Forward Yield: 0.76%
Industry: Utilities – Gas
Dividend Payment: 48.75 cents per share
Dividend Paid On: 2/1
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/6/2017
Number of Years of Dividend Increases: 40
Other Notable Dividend Increase Announcements
Lancaster Colony Corporation (LANC)
Industry: Food & Beverages – Food
Dividend Payment: 55 cents per share – up 10.0% from prior level of 50 cents
Dividend Paid On: 12/30
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/7
Number of Years of Dividend Increases: 54
Current Forward Yield: 1.57%
Next Week’s Ex-Dividend Stocks
Tuesday, November 29:
Expeditors International of Washington (EXPD)
Wednesday, November 30:
Thursday, December 1:
Old Republic International Corporation (ORI)
Friday, December 2:
Monday, December 5: