The most import dividend hikes (week 45)

Double digit increases by KLAC, SNA, ADP and ROP and many specials

This week’s biggest dividend hikes (from left to right) with YTD return and dividend yield for every stock

In another very busy dividend week more than 25 companies announced a dividend hike, special dividend or a dividend cut. The company cutting the dividend was Berry Corporation (BRY) with a 75% reduction.

Special dividends

We counted five special dividend announcements with American Financial Group (AFG), RLI Corp (RLI), International Seaways (INSW), OTC Markets (OTCM) and Weyco (WEYS).

Dividend Aristocrats

Week 45 also was a big week for Dividend Aristocrats with increases from Automatic Data Processing (ADP), Roper Technologies (ROP), Becton Dickinson (BDX), Emerson (EMR) and Atmos Energy (ATO). Both ADP and ROP did a decent 10% dividend hike, continuing their double digit dividend hike streak.

The biggest dividend hikes from last week with track records and dividend growth stats (click on table for larger version)

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The big surprise came from Becton Dickinson, stepping up its dividend growth with a 9.5% dividend hike, the biggest in more than 5 years and following slowing dividend growth of less than 5% annually in the last couple of years.

Dissapointing was (again) Emerson with the smallest dividend hike on record with a mini 0.5% increase, just enough to bring the dividend track record to 68 consecutive years of increases.

Snap-on and KLA Corp

The biggest dividend hikes were announced by Snap-on (SNA) and KLA Corporation (KLAC), both continuing their double digit dividend hikes from the previous three years.

KLAC, SNA and BDX all stepped up dividend growth this year

Tools maker Snap-on did a 15.1% dividend hike, following a 14.8% increase in 2023. Semiconductor company KLA hiked the dividend by 17.2% on the back of a 11.5% increase in 2023 and a 23.8% hike in 2022.

Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.