One way to identify dividend growth stocks is to look for dividend increases. Companies that pay rising dividends are likely to be financially healthy and generate consistent cash flow. I am interested in stocks with at least ten consecutive years of increasing annual regular dividend payments. Here is a list of such companies that increased their dividends last week.
Hormel Foods Corporation (HRL), +11.76% dividend increase
Hormel Foods Corporation has declared quarterly dividend of $0.1875(+11.76% increase). It goes ex-dividend on 1/12/2018 and is payable on 2/15/2018. Annualized dividend is $0.68 at a yield of 1.98%.
Becton, Dickinson and Company (BDX), +2.74% dividend increase
Becton, Dickinson and Company has declared quarterly dividend of $0.75(+2.74% increase). It goes ex-dividend on 12/7/2017 and is payable on 12/29/2017. Annualized dividend is $2.92 at a yield of 1.30%.
10-Year Dividend Growers with dividend increase (Nov 13 - Nov 17)
Geek -
ReplyDeleteActually, Hormel's dividend is $0.1875!! I want to make sure you have a chance to update!! Love the dividend increase, Hormel has been incredible in that regard!
-Lanny
Thanks Lanny. I tend to round off to the second decimal place. To make it uniform. I have updated it to $0.1875.
DeleteGreat increase from Hormel, but unfortunately I don't own that one. I do own BDX. It has been a strong performer for my portfolio of dividend stocks, but I was a little disappointed in this increase. Thanks for the update Div Geek. Tom
ReplyDeleteThanks for your comment Tom. I own both as a part of VIG (Vanguard Dividend Appreciation ETF).
DeleteVIG is a great fund. I own it's close cousin VYM. Tom
DeleteNice! I own both :-) VIG:7.7% & VYM: 4.9%
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