Over the past week, the following companies — each of which have grown their dividend every year for at least the past five years in a row — made important announcements regarding their future dividend payments.

Please note that the stocks below aren’t specific investment recommendations. We simply offer this list as an FYI for investors interested in dividend growth stocks that continue to raise their payouts.

Dividend Increases

  • Baxter (BAX)(6% increase)- announced a quarterly dividend increase of 6% to $.52 per share. This increase results in an annual dividend rate of $2.08 per diluted share. The dividend is payable on July 1, to shareholders of record as of June 6.
  • FactSet (FDS) (11% increase)- announced an 11% increase in the regular quarterly dividend from $.35 per share to $.39 per share. The cash dividend will be paid on June 17 to holders of record of FactSet’s common stock on May 30.
  • Franklin Electric (FELE) (12% increase)- announced a quarterly dividend increase to $.09 from $.08 per share. The dividend is payable May 30 to shareowners of record on May 15.
  • PepsiCo (PEP) (15% increase)- declared a dividend increase to $2.62 per share from $2.27 per share. The quarterly dividend of $.655 is payable on June 30, to shareholders of record as of June 6.
  • MSA (MSA) (3% increase)- announced a quarterly dividend increase to $.31 from $.30 per share. The dividend is payable June 10 to shareholders of record on May 20.
  • Chesapeake Utilities (CPK) (5.2% increase)- announced a quarterly cash dividend increase of 5.2% to $.405 from $.385 per share. The new dividend will be paid July 7 to all shareholders of record at the close of business on June 16.

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  • Autoliv (ALV) (~4% increase)- declared a quarterly dividend of $.54, up from $.52, per share for Q3, an increase from the previous quarter. The dividend will be payable on Thursday, September 4 to Autoliv shareholders on record on the close of business on Wednesday, August 20.
  • Portland General Electric (POR) (~2% increase)-declared a dividend increase to $.28 per share from $.275 per share. The dividend is payable on or before July 15, to shareholders of record at the close of business on June 25.
  • Cardinal Health (CAH) (13% increase)-announced a quarterly dividend increase of 13% to $.3425 per share. The quarterly dividend is payable on July 15, to shareholders of record at the close of business on July 1.
  • Quaker Chemical (KWR) (20% increase)- declared a quarterly dividend increase of 20% to $.30 per share. The quarterly dividend is payable on July 30 to shareholders of record at the close of business on July 17.
  • Nacco Industries (NC)(3% increase) announced a quarterly dividend increase to $.2575 from $.25 per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid June 13 to stockholders of record at the close of business on May 30.
  • National Healthcare (NHC)(6.25% increase) announced a dividend increase of 6.25% to $.34 per share. The dividend is payable to shareholders of record on June 30, on Sept. 2.
  • Assurant (AIZ)(8% increase) declared a quarterly dividend increase of 8% to $.27 from $.25 per share. The dividend will be payable on June 10 to stockholders of record as of the close of business on May 27.

When compiling this list we considered Dave Van Knapp’s “5-Year Rule”… which means we’ve only considered stocks that have grown their dividends each year for at least the past five years.

We identified these stocks using David Fish’s popular “Dividend Champions, Contenders and Challengers” list.

Good investing!
Phil Lamanna

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This information is provided by Theflyonthewall.com

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