There 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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