Weekly Dividend Recap: 17 Hikes, 2 Cuts, and a Special Surprise!
McCormick, Brown-Forman, Merck and GE Healthcare announcing increases
In another eventful week for dividend investors, 17 U.S. companies announced dividend increases, alongside 2 dividend cuts and one notable special dividend from one of the Dividend Heroes.
Highlights from Week 47 (November 18 - 22):
Eight companies announced double-digit dividend hikes, with four delivering back-to-back years of double-digit increases.
Cato Corporation (CATO) suspended its dividend, while Chicago Rivet & Machine (CVR) slashed its payout by 70%, following a 54.5% cut earlier this year.
Two Dividend Aristocrats extended their streaks:
McCormick (MKC): Raised its dividend for the 39th consecutive year.
Brown-Forman (BF-B): Announced a 4.0% hike, marking 41 years of consecutive increases.
Big names like Merck & Co (MRK) and GE Healthcare Technologies (GEHC) joined the action. Notably, GE Healthcare celebrated its first-ever dividend increase.
Weekly Standouts:
Natural Grocers (NGVC): Stole the spotlight with a 20% dividend hike, propelling its stock price up 38.9% to an all-time high.
Matthews International (MATW): Delivered a modest 4.2% hike, but its share price surged 29.3% during the week
All dividend hikes and cuts from last week (we will send this to all newsletter subscribers in a separate email)
Full List Coming Soon!
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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.