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Minimal Dividend Growth Expected From Sysco And Becton Dickinson In Second Half Of November

Published Mon, 16 Nov 2020 14:46:46 -0500 on Seeking Alpha

Seeking AlphaDividend Quick PicksMinimal Dividend Growth Expected From Sysco And Becton Dickinson In Second Half Of NovemberNov. 16, 2020 2:46 PM ET|| Includes: AAN, ADP, AIZ, AMCR, ATO, BDX, BKH, EMR, EVRG, HRL, LANC, MATW, MCY, MDU, MKC, ROP, SJI, SYY, TSNby: Harvesting DividendsHarvesting Dividends Dividend Growth Investing, long-term horizon, Technical AnalysisHarvesting Dividends.cls-1{fill:#024999;}SummaryThere were no big surprises in the dividend growth announcements in the first half of November. All the usual suspects offered up payout boosts.
Long time dividend growth companies Emerson and Mercury General provided token increases of 1% to keep their dividend growth streaks going.
For the 2nd half of the month, Sysco and Becton, Dickinson are the biggest names expected to announce increases, but we won’t see large increases from either one.
This is the latest in my series of articles where I provide predictions of annual dividend increases for a variety of long-term dividend growth companies. Back at the end of October, I provided predictions for 9 dividend growth companies that have historically announced annual payout increases in the first half of November. Here, in the middle of November, I provide my predictions for another 7 companies that historically have increased their dividends in the second half of the month.
In addition to the companies for which I provided predictions, there were several others that announced annual dividend increases:
Switzerland-based packaging and container company Amcor (AMCR), which purchased Dividend Aristocrat Bemis in 2019 announced a 2.2% increase to an annualized 47 cents. The company has a forward yield of 4.0%. Packaged food company Lancaster Colony (LANC) announced its 58th annual dividend increase. The forward yield from the 7% boost is now 1.7%. MDU Resources’ (MDU) 30th year of dividend growth comes with a 2% increase to an annualized 85 cents and a forward yield of 3.4% Roper Technologies (ROP)... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
MERCURY GENERAL 54.55   15.4 3.53 2.51 4.54
SOUTH JERSEY INDUSTRIES 32.72   19.6 1.67 1.15 3.53
EMERSON ELECTRIC 64.71   18.4 3.52 1.96 3.02
MDU RESOURCES GROUP 27.98   19.0 1.47 0.81 2.91
BLACK HILLS 76.58   20.3 3.77 2.02 2.71
MATTHEWS INTERNATIONAL 36.59   18.6 1.97 0.80 2.37
SYSCO 77.72   24.3 3.20 1.56 2.03
ASSURANT 125.60   21.6 5.81 2.40 1.94
ATMOS ENERGY 109.44   25.9 4.23 2.10 1.93
ADP 160.41   30.6 5.24 3.16 1.92
HORMEL FOODS 44.00   24.3 1.81 0.84 1.92
TYSON FOODS 83.47   14.0 5.98 1.50 1.84
LANCASTER COLONY 146.18   26.8 5.46 2.60 1.79
MCCORMICK 157.81   30.8 5.13 2.28 1.46
BECTON DICKINSON 262.15   92.0 2.85 3.08 1.18
ROPER INDUSTRIES 358.48   33.4 10.74 1.85 0.52
AARON'S 62.73   21.3 2.95 0.14 0.22

MERCURY GENERAL - MCY
MERCURY GENERAL - MCY  


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