Photo: Flickr.com/Dennis Goedegebuure
This week saw 11 members of the S&P High Yield Dividend Aristocrats index declare their regular dividend payout, including two companies that announced dividend increases. Among the announcements this week was Cintas Corporation, which announced a 26% increase and now has a forward yield of 1.25%.
Going forward, I’ll also start including a new section on the Week in Review post which includes dividend growth companies that are not members of the High Yield Dividend Aristocrats index but that announced dividend increases. One company made that section this week – specialty chemical manufacturer Stepan Company.
Have a great weekend!
S&P 500 Dividend Aristocrats
Industry: Business Services
Dividend Payment: $1.33 per share – up 26.7% from prior level of $1.05
Dividend Paid On: 12/2
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/2
Number of Years of Dividend Increases: 34
Current Forward Yield: 1.25%
Consolidated Edison, Inc. (ED)
Industry: Utilities – Electric
Dividend Payment: 67 cents per share
Dividend Paid On: 12/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/14
Number of Years of Dividend Increases: 42
Current Forward Yield: 3.66%
Industry: Food & Beverages
Dividend Payment: 35 cents per share
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: 54
Current Forward Yield: 3.32%
Industry: Healthcare – Pharmaceuticals
Dividend Payment: 80 cents per share
Dividend Paid On: 12/6
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/18
Number of Years of Dividend Increases: 54
Current Forward Yield: 2.82%
Industry: Chemicals – Specialty
Dividend Payment: 40 cents per share
Dividend Paid On: 12/12
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/8
Number of Years of Dividend Increases: 45
Current Forward Yield: 1.73%
The Sherwin-Williams Company (SHW)
Industry: Chemicals
Dividend Payment: 84 cents per share
Dividend Paid On: 12/2
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/16
Number of Years of Dividend Increases: 38
Current Forward Yield: 1.21%
Industry: Industrial Goods – Machinery
Dividend Payment: 58 cents per share
Dividend Paid On: 12/20
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/30
Number of Years of Dividend Increases: 48
Current Forward Yield: 1.94%
S&P 500 High Yield Dividend Aristocrats
Industry: Packaging & Containers
Dividend Payment: 32 cents per share – up 6.7% from prior level of 30 cents
Dividend Paid On: 11/23
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/31
Number of Years of Dividend Increases: 23
Current Forward Yield: 1.66%
National Retail Properties (NNN)
Industry: REIT
Dividend Payment: 45.5 cents per share
Dividend Paid On: 11/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/27
Number of Years of Dividend Increases: 27
Current Forward Yield: 3.86%
People’s United Financial, Inc. (PBCT)
Industry: Regional Banking
Dividend Payment: 17 cents per share
Dividend Paid On: 11/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/28
Number of Years of Dividend Increases: 24
Current Forward Yield: 4.23%
Industry: Packaging & Containers
Dividend Payment: 37 cents per share
Dividend Paid On: 12/9
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/8
Number of Years of Dividend Increases: 34
Current Forward Yield: 2.91%
Other Notable Dividend Increase Announcements
Industry: Chemcials
Dividend Payment: 20.5 cents per share – up 7.9% from prior level of 19 cents
Dividend Paid On: 12/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/28
Number of Years of Dividend Increases: 49
Current Forward Yield: 1.14%
Next Week’s Ex-Dividend Stocks
Tuesday, October 25:
Wednesday, October 26:
Thursday, October 27:
National Retail Properties (NNN)
Tanger Factory Outlet Centers (SKT)
Friday, October 28:
People’s United Financial, Inc. (PBCT)
Monday, October 31: