This week three Dividend Aristocrats announced regular dividend payments:
Hormel Foods Corporation (HRL), manufacturer of Spam and other food products, announced a 20 cent per share quarterly dividend, which will be paid on May 15th to shareholders of record on April 21st. Hormel Foods has made 343 consecutive quarterly dividend payments since becoming a public company in 1928 and has increased its dividend for 48 years. The next dividend increase is expected to be announced in November and to be paid in February 2015. The common stock’s current yield is 1.65%.
Worldwide spice manufacturer, marketer and distributor McCormick & Company (MKC) declared its latest quarterly dividend of 37 cents per share this week. The dividend will be paid on April 21st to shareholders of record on April 7th. McCormick last announced a dividend increase in November 2013; the dividend increase was 8.8%. The company is expected to announce the next dividend increase in November 2014 for payment in January 2015. The company has paid dividends for 90 consecutive years and increased them for 28 consecutive years. The stock currently yields 2.08%.
Telecommunications giant AT&T (T) declared a quarterly dividend of 46 cents per share this week as well. The company has increased dividends for 30 consecutive years and, like McCormick, just recently increased their dividend in the first quarter of the calendar year. AT&T’s next dividend increase is expected to be announced in January 2015 and to be paid in February 2015. The company, whose stock currently yields 5.25%, will pay the latest dividend on May 1st to shareholders of record on April 10th.