Pepsi announced their 45th year of dividend growth this week. Photo: Freeimages.com/Louis J. S.
Author’s note: This post was updated after publication to include this week’s dividend increase from Coca-Cola.
Eight dividend growth companies announced annual increases this week. In addition to PepsiCo’s 45th year and Coca-Cola’s 55th year of increased dividends, utility NextEra Energy caps its 23rd year of dividend growth with a payout increase of nearly 13%.
Dividend Increases Announced This Week
Industry: Technology
Dividend Payment: 45 cents per share – up 7.1% from prior level of 42 cents
Dividend Paid On: 3/7
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/22
Number of Years of Dividend Increases: 15
Current Forward Yield: 2.18%
Industry: Beverages
Dividend Payment: 37 cents per share – up 5.7% from prior level of 35 cents
Dividend Paid On: 4/3
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/13
Number of Years of Dividend Increases: 55
Current Forward Yield: 3.59%
Industry: Utilities – Electric
Dividend Payment: 98.25 cents per share – up 12.9% from prior level of 87 cents
Dividend Paid On: 3/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/24
Number of Years of Dividend Increases: 23
Current Forward Yield: 3.10%
Nu Skin Enterprises Inc. (NUS)
Industry: Consumer Goods
Dividend Payment: 36 cents per share – up 1.4% from prior level of 35.5 cents
Dividend Paid On: 3/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/25
Number of Years of Dividend Increases: 17
Current Forward Yield: 2.99%
Industry: Healthcare – Medical Supplies
Dividend Payment: 25.75 cents per share – up 1.0% from prior level of 25 cents
Dividend Paid On: 3/31
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/13
Number of Years of Dividend Increases: 20
Current Forward Yield: 2.95%
Industry: Food & Beverages
Dividend Payment: 80.5 cents per share – up 7.0% from prior level of 75.25 cents
Dividend Paid On: June
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): June
Number of Years of Dividend Increases: 45
Current Forward Yield: 2.98%
The Sherwin-Williams Company (SHW)
Industry: Chemicals – Specialty
Dividend Payment: 85 cents per share – up 1.2% from prior level of 84 cents
Dividend Paid On: 3/10
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/23
Number of Years of Dividend Increases: 39
Current Forward Yield: 1.09%
Industry: Financial – Asset Management
Dividend Payment: 57 cents per share – up 5.6% from prior level of 54 cents
Dividend Paid On: 3/30
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/14
Number of Years of Dividend Increases: 31
Current Forward Yield: 3.21%
I love dividend increases! What’s not to like about getting an increase just for owning a stock! Of the stocks listed, I own KO and TROW. Thanks for sharing!
Cheers!
FerdiS, DivGro
BTW, I have a weekly article series at Seeking Alpha summarizing dividend increases of the past week.
Hi FerdiS:
Thanks for the comment. Glad to hear that you’re being rewarded with the dividend increases. I’m long TROW as well.
Cheers,
HD
For those readers that are interested in FerdiS’s Seeking Alpha articles, you can find them here.