Chevron Corporation announced a tiny dividend increase this week for its 29th year of dividend growth. Photo: Flickr.com/swong95765
Thirteen dividend growth companies announced regular dividend payments this week, including seven Dividend Aristocrats. Among them was Chevron, which increased its dividend for the first time in 2 1/2 years. With the drop in oil prices, the company has been going through tough times but this increase keeps Chevron on the list of Dividend Aristocrats. Regional banking company Commerce Bancshares announced a 5% stock dividend for the 23rd straight year and pharmaceutical company AbbVie announced a 12% dividend increase.
S&P 500 Dividend Aristocrats
Industry: Financial – Insurance
Dividend Payment: 43 cents per share – up 4.9% from prior level of 41 cents
Dividend Paid On: 12/1
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/14
Number of Years of Dividend Increases: 34
Current Forward Yield: 2.51%
Industry: Healthcare – Pharmaceuticals
Dividend Payment: 64 cents per share – up 12.3% from prior level of 57 cents
Dividend Paid On: 2/15/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/11/2017
Number of Years of Dividend Increases: 45
Current Forward Yield: 4.44%
Industry: Oil & Gas
Dividend Payment: $1.08 per share – up 0.9% from prior level of $1.08
Dividend Paid On: 12/12
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/16
Number of Years of Dividend Increases: 29
Current Forward Yield: 4.16%
Industry: Business Services
Dividend Payment: $1.22 per share
Dividend Paid On: 12/1
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/9
Number of Years of Dividend Increases: 45
Current Forward Yield: 2.34%
Illinois Tool Works Inc. (ITW)
Industry: Industrial Goods – Machinery
Dividend Payment: 65 cents per share
Dividend Paid On: 1/11/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/28
Number of Years of Dividend Increases: 54
Current Forward Yield: 2.28%
Industry: Telecommunications
Dividend Payment: 49 cents per share – up 2.1% from prior level of 48 cents
Dividend Paid On: 2/1
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/6
Number of Years of Dividend Increases: 33
Current Forward Yield: 5.37%
Industry: Apparel
Dividend Payment: 42 cents per share – up 13.5% from prior level of 37 cents
Dividend Paid On: 12/19
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: 3.09%
S&P 500 High Yield Dividend Aristocrats
Industry: Utilities – Electric
Dividend Payment: 42 cents per share
Dividend Paid On: 12/1
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/15
Number of Years of Dividend Increases: 45
Current Forward Yield: 2.77%
Commerce Bancshares, Inc. (CBSH)
Industry: Regional Banking
Dividend Payment: 22.5 cents per share – up 5.0% from prior level of 21.4 cents*
Dividend Paid On: 12/19
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: 1.81%
*Commerce Bancshares declared a 5% stock dividend on all outstanding shares, resulting in a 5% increase in the dividend payment for investors. The prior dividend of 21.4 cents is adjusted for the stock dividend; the forward yield is not.
The Cullen/Frost Bankers, Inc. (CFR)
Industry: Regional Banking
Dividend Payment: 54 cents per share
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: 23
Current Forward Yield: 2.84%
Other Notable Dividend Increase Announcements
Middlesex Water Company (MSEX)
Industry: Utilities – Water
Dividend Payment: 21.125 cents per share – up 6.3% from prior level of 19.875 cents
Dividend Paid On: 12/1
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 11/8
Number of Years of Dividend Increases: 44
Current Forward Yield: 2.38%
Prosperity Bancshares, Inc. (PB)
Industry: Regional Banking
Dividend Payment: 34 cents per share – up 13.3% from prior level of 30 cents
Dividend Paid On: 1/3/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/14
Number of Years of Dividend Increases: 17
Current Forward Yield: 2.45%
UMB Financial Corporation (UMBF)
Industry: Regional Banking
Dividend Payment: 25.5 cents per share – up 4.1% from prior level of 24.5 cents
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: 23
Current Forward Yield: 1.67%
Next Week’s Ex-Dividend Stocks
Tuesday, November 1:
None.
Wednesday, November 2:
Thursday, November 3:
Friday, November 4:
None.
Monday, November 7:
None.