Dividend IncreaseThere were quite a few dividend increases this past month.  Unfortunately I didn’t own any of these companies but there were quite a few that I wouldn’t mind owning if I could get them at the right price.

Commerce Bancshares (CBSH) - If you are looking for a bank that wasn’t forced to cut their dividend during the banking crisis then check out Commerce Bank.  The bank has a 45 year dividend growth streak.  Recently, they increased their dividend rate by 5% from $0.21429 to $0.225 per share.

Emerson Electric (EMR) - Emerson Electric is a diversified global technology company engaging in the design and supply of products and technology worldwide.  Emerson is one of the kings of dividend growth with 57 consecutive years of increases.  In November, EMR raised their dividend rate by 5% from $0.41 to $0.43 per share.

Atmos Energy (ATO) - Atmos Energy is a natural gas company engaged in distribution, transmission and storage of the gas.  Atmos has a 30 year history of dividend increases.  This past month, Atmos Energy increased their dividend rate from $0.35 to $0.37 per share for a 6% increase.

Ralph Lauren (RL) - Ralph Lauren Corporation is an apparel, accessory, fragrance and home furnishings company.  Ralph Lauren recently has passed 5 years of consistent dividend growth.  In November, RL grew their dividend rate by 13% from $0.40 to $0.45 per share.

Automatic Data Processing (ADP) - ADP is a provider of business outsourcing solutions.  ADP has a long 39 year streak of dividend growth.  Recently ADP increased their dividend rate from $0.435 to $0.48.  This is an increase of 11%.

Sysco Corp. (SYY) - Sysco Corp. is a distributor of food and related products to the food service industry.  Sysco has a dividend growth streak of 44 years.  This past month, Sysco increased their dividend by 4% from $.028 to $0.29 per share.

Brown-Forman Corporation (BF/B) - Brown-Forman is in the alcoholic beverages industry.  Brands of Brown-Forman include Jack Daniels and Southern Comfort.  Brown-Forman has a 30 year dividend streak.  Most recently, Brown-Forman increased their dividend rate by 14% from $0.255 to $0.29 per share.

Nike, Inc. (NKE) - Nike is a worldwide athletic footwear, apparel and equipment company.  Nike has been growing their dividend rate for 12 straight years.  Recently, NKE announced a dividend increase of 15% from $0.21 to $0.24 per share.

Williams Companies (WMB) - Williams is an energy infrastructure company.  They recently announced a 4% dividend increase which gives them a 10 year dividend growth streak.  Williams Companies raised their dividend rate from $0.36625 to $0.38 per share.

Becton Dickinson (BDX) - Becton Dickinson is a global medical technology company.  They have a 42 year streak of dividend growth.  In November, BDX announced an 11% increase in their dividend rate raising it from $0.485 to $0.545 per share.

Hormel Foods Corp (HRL) - Hormel is a consumer food products company.  Hormel Foods has a 48 year long dividend growth streak.  Recently, Hormel increased their dividend rate from $0.17 to $0.20 per share.  This is an increase of 18%.

As you can see there were quite a few increases this past month from dividend growth companies looking to keep their streaks alive.  I personally don’t own any of these companies yet, but quite a few are on my list of top 35 dividend growth stocks to purchase when the time is right.

Were you pleased with any of these dividend increases?  Were any of them disappointments for you?  Share your thoughts in the comments below!


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7 Responses to Notable Dividend Increases in November 2013

  1. That sure was a lot of increases. Unfortunately I only own EMR out of that group. I’d really like to get some ADP but at nowhere near current prices. BDX is another I hope to add in the future.

    • Dan Mac says:

      Yeah JC, there were a good number of raises this past month and I can’t believe I missed out on all of them! Definately a few I’d like to own including EMR, BDX, ADP, HRL and I’m considering giving RL a closer look as I don’t know much about the company yet.

  2. Evan says:

    Picked up BDX 2 or so year ago…”Problem” is that I have been reinvesting dividends as the stock has been increasing in price 43% lol

    • Dan Mac says:

      Hi Evan, I’m a fan of BDX and would love to own some.

      Personally, I like to collect my dividends in cash and then selectively reinvest them in companies that I feel are a good value at the time. This avoids buying shares of slightly over valued companies. However, I think either way you can’t go wrong as long as you are taking some approach to reinvesting. Certainly having them automatically reinvested in the company that pays the dividend is an easy way to go.

  3. […] here are a couple of great wrap-up posts over at Dividend Stock Growth Investing. Dan Mac covers notable dividend increases in November, and shares a list of great investment books you should read. If you are not familiar with Dan’s […]

  4. Martin says:

    I would be excited with these increase – if I have owned any of those stocks :(

    Why the heck I do not have more cash available to buy more stocks?

    Does any one know where I can get more cash without robbing a bank?

    • Dan Mac says:

      I ask myself that question every time I review a company that I’d like to buy. Just keep at it though Martin! Small buys every once in a while will add up to a large portfolio over time.

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