10 Companies that Recently Raised Their Dividend

The following 10 dividend growth companies that we follow recently raised their dividend.

Apple (AAPL) has declared a cash dividend of $0.77 per share of the Company’s common stock, an increase of 5.5 percent, which is significantly lower than last years 15.9% increase. The dividend is payable on May 16, 2019 to shareholders of record as of the close of business on May 13, 2019. This is Apple’s 7th consecutive annual dividend increase. Apple is currently trading 6.5% above Morningstar’s fair value estimate.

PepsiCo (PEP) declared a quarterly dividend of $0.955 per share of PepsiCo common stock, a 3 percent increase versus the comparable year-earlier period, which is much lower then their 9.1 5-Year average dividend growth rate, but not surprising for this years raw material cost raising pressures on the consumer staples sector. This dividend is payable on June 28, 2019 to shareholders of record at the close of business on June 7, 2019. This represents Pepsi’s 47th straight annual dividend increase. Pepsi is currently trading 4.6% above fair value.

UGI Corporation (UGI) has declared a quarterly dividend of $0.30 per share on the company’s common stock representing a 15.4% increase, which is much higher than last years 4.6% increase and even their 5-Year average of 6.7%. The dividend is payable July 1, 2019 to shareholders of record as of June 14, 2019. This makes UGI’s 32nd consecutive dividend increase. UGI is currently trading 12% above fair value.

Costco Wholesale (COST) declared a quarterly cash dividend on Costco common stock, including a quarterly increase from 57 to 65 cents per share, or $2.60 per share on an annualized basis, which is a 14% increase that closely matches their 13% 5-Year average dividend growth rate. The dividend is payable May 24, 2019, to shareholders of record at the close of business on May 10, 2019. This is their 16th consecutive annual dividend increase. Costco is currently overvalued trading 26% above fair value.

Parker Hannifin (PH) has increased the company’s regular quarterly cash dividend to 88 cents per share of common stock to shareholders of record as of May 10, 2019. The dividend is payable June 7, 2019. This represents a 16% increase over the previous quarterly cash dividend of 76 cents per common share. This raises their amazing track record of raising dividends to 63 consecutive years! Parker Hannifin is trading just slightly 1.5% above their $178 fair value estimate. Current dividend yield after this increase is 1.95%.

Johnson & Johnson (JNJ) has declared a 5.6% increase in the quarterly dividend rate, from $0.90 per share to $0.95 per share. The next quarterly dividend is payable on June 11, 2019 to shareholders of record as of the close of business on May 28, 2019. The ex-dividend date is May 24, 2019. This marks the 57th consecutive increase for this wide moat dividend king! JNJ is currently trading 9% above fair value.

Magellan Midstream Partners (MMP) has increased the partnership’s quarterly cash distribution to $1.005 per unit for the period Jan. 1 through March 31, 2019. The first-quarter 2019 distribution is 7% higher than the first-quarter 2018 distribution of 93.75 cents per unit and represents a 1% increase over the fourth-quarter 2018 distribution of 99.75 cents. The new distribution, which equates to $4.02 per unit on an annualized basis, will be paid May 15 to unit holders of record at the close of business on May 8. MMP is currently trading 13% below its fair value estimate.

Ameriprise Financial (AMP) increased the company’s quarterly cash dividend by 8%, or $0.07 per diluted share, to $0.97 per diluted share payable on May 17, 2019 to shareholders of record at the close of business on May 6, 2019. This marks the 15th year of consecutive dividend increases. Their are currently trading 4% below fair value estimates.

W.W. Grainger (GWW) approved a quarterly cash dividend of $1.44 per share, an increase of 6% from the dividend paid in March 2019. The dividend is payable on June 1, 2019, to shareholders of record on May 13, 2019. This makes 38 consecutive dividend increases for this dividend champion. W.W. Grainger is currently trading 4.6% below fair value.

Celanese Corporation (CE) has approved a 15 percent increase in the company’s quarterly common stock cash dividend. The dividend increased from $0.54 to $0.62 per share of common stock on a quarterly basis and from $2.16 to $2.48 per share of common stock on an annual basis, which is a 14.8% increase. The company also declared a quarterly cash dividend of $0.62 per share on its common stock, payable on May 9, 2019 to stockholders of record as of April 29, 2019. This marks their 10th anniversary of consecutive dividend increases. Celanese is currently trading 4% above their Morningstar fair value estimate.

Filed in: Dividend Increase Announcements