Retailer TJX was one of three companies that announced 20%+ dividend increases this week. Photo: Flickr.com/Mike Mozart
Among five dividend increase announcements this week were three companies that completely blew away expectations. Retailers TJX Companies and Best Buy Company announced planned increases of 24% and 32%, respectively, while leasing company McGrath RentCorp rewarded investors with a 30% increase. Take a look at all the details for those three companies, and two others below:
Dividend Increases Announced This Week
Industry: Technology
Dividend Payment: 48 cents per share – up 6.7% from prior level of 45 cents
Dividend Paid On: 3/20
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/8
Number of Years of Dividend Increases: 16
Current Forward Yield: 2.14%
Industry: Retail
Dividend Payment: 45 cents per share – up 32.4% from prior level of 34 cents
Dividend Paid On: 4/12
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/21
Number of Years of Dividend Increases: 16
Current Forward Yield: 2.46%
Industry: Rental & Leasing Services
Dividend Payment: 34 cents per share – up 30.8% from prior level of 26 cents
Dividend Paid On: 4/30
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/13
Number of Years of Dividend Increases: 26
Current Forward Yield: 2.69%
Industry: Retail
Dividend Payment: 39 cents per share – up 24.8% from prior level of 31.25 cents
Dividend Paid On: To Be Announced
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): To Be Announced
Number of Years of Dividend Increases: 22
Current Forward Yield: 1.86%
Industry: Utilities – Gas
Dividend Payment: 51.5 cents per share – up 1.0% from prior level of 51 cents
Dividend Paid On: 5/1
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/9
Number of Years of Dividend Increases: 42
Current Forward Yield: 2.52%
Dividend Increase Announcements Expected Next Week
General Dynamics Corporation (GD)