The following dividend growth stocks raised distributions to shareholders over the past week:
McCormick & Company, Incorporated (MKC) engages in the manufacture, marketing, and distribution of flavor products and other specialty food products to the food industry worldwide. It operates in two segments, Consumer and Industrial. The company raised its quarterly distributions by 10.70% to 31 cents/share. This marked the 26th consecutive annual dividend increase for this dividend champion. Yield: 2.70% (analysis)
Becton, Dickinson and Company (BDX), a medical technology company, develops, manufactures, and sells medical devices, instrument systems, and reagents worldwide. The company raised its quarterly distributions by 9.80% to 45 cents/share. This marked the 99th consecutive annual dividend increase for this dividend champion. Yield: 2.50% (analysis)
Hormel Foods Corporation (HRL), together with its subsidiaries, produces and markets various meat and food products in the United States and Internationally. The company raised its quarterly distributions by 17.60% to 15 cents/share. This marked the 46th consecutive annual dividend increase for this dividend champion. Yield: 2.10%
Lancaster Colony Corporation (LANC) engages in the manufacture and marketing of consumer products focusing primarily on specialty foods for the retail and foodservice markets in the United States. The company operates in two segments, Specialty Foods, and Glassware and Candles. The company raised its quarterly distributions by 9.10% to 36 cents/share. This marked the 49th consecutive annual dividend increase for this dividend champion. Yield: 2.20%
United Bankshares, Inc. (UBSI), through its subsidiaries, provides commercial and retail banking services and products in the United States. The company raised its quarterly distributions by 3.30% to 31 cents/share. This marked the 38th consecutive annual dividend increase for this dividend champion. Yield: 5%
Full Disclosure: Long MKC
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