make ends meet George continued to trade in hides, eggs, wool, and poultry. Joining George in November 1891 was his 14 year old youngest brother, Benjamin. By the end of 1891 his company employed six men.
In 1893, two additional brothers, Herman and John, joined the business. The remaining members of the family moved to Austin in 1895 and joined the growing business. George turned to full-time management in 1899 and turned his focus on increasing production. In 1901, the plant was expanded and the business was incorporated.
Today, George's little company has over 19,000 employees and annual sales of over $7.8 billion. The company has a presence in the international marketplace through joint ventures and placement of personnel in strategic foreign locations such as Australia, Canada, China, Japan and the Philippines. In addition it has a minority positions in companies in Mexico and the Philippines. What company is this? It is...
Hormel Foods Corporation (HRL)
The company engages in the production and marketing of various meat and food products. Its meat products include fresh, frozen, cured, smoked, cooked, and canned meat, including SPAM. November 20th the company increased its quarterly dividend 13.3% to $0.17 per share. The dividend is payable Feb. 15, 2013, to stockholders of record at the close of business on Jan. 21, 2013. The yield based on the new payout is 2.3%.
Below are several other companies that have recently increased their cash dividends to shareholders:
Becton, Dickinson and Company (BDX), a medical technology company, develops, manufactures, and sells medical devices, instrument systems, and reagents worldwide. November 20th the company increased its quarterly dividend 10% to $0.495 per share. The dividend is payable December 31, 2012 to holders of record on December 10, 2012. The yield based on the new payout is 2.6%.
SBT Bancorp, Inc. (SBTB) operates as the holding company for The Simsbury Bank & Trust Company, Inc. that provides various banking and investment services to individual consumers and small businesses in Connecticut. November 20th thecompay increased its quarterly dividend 17% to $0.14 per share. The dividend is payable on December 17, 2012 to shareholders of record on December 3, 2012. The yield based on the new payout is 2.6%.
International Game Technology (IGT) engages in the design, development, manufacture, and marketing of electronic gaming equipment and systems worldwide. November 20th the company increased its quarterly dividend 17% to $0.07 per share. The dividend is payable Dec. 31, 2012 to shareholders of record on Dec. 19, 2012. The yield based on the new payout is 2.1%.
Erie Indemnity Company (ERIE) operates as a managing attorney for the Erie Insurance Exchange in the United States. November 19th the company increased its quarterly dividend 7.2% to $0.5925 per share. The dividend is payable December 21, 2012, to shareholders of record as of the close of business on December 7, 2012, with a dividend ex-date of December 5, 2012. The yield based on the new payout is 3.6%.
South Jersey Industries, Inc. (SJI) engages in the purchase, transmission, and sale of natural gas for residential, commercial, and industrial customers. November 19th the company increased its quarterly dividend 10% to $0.4425 per share. The dividend is payable December 28, 2012 to shareholders of record at the close of business December 10, 2012. This marks the 14th year in a row that SJI has increased its dividend. The yield based on the new payout is 3.7%.
Montpelier Re Holdings Ltd. (MRH) provides insurance and reinsurance solutions worldwide. November 19th the company increased its quarterly dividend 9.5% to $0.115 per share. The dividends are payable on or before January 15, 2013, to shareholders of record as of December 31, 2012. The yield based on the new payout is 2.2%.
Selecting stocks with increasing dividends is critical for an income growth strategy. The above list contains stocks that recently raised their dividends; it is not a list of recommend buys. As always, due diligence should be performed before buying or selling any stock. For a list of stocks with a long string of consecutive cash dividend increases, see this list.
Full Disclosure: No position in the aforementioned securities. See a list of all my dividend growth holdings here.
- 12 Blue Chip Dividend Stocks For When the Chips Are Down
- Spanning the World For The Best Dividend Stocks
- My Five Top And Bottom Performing Dividend Stocks
- 7 Dividend Stocks To Build Your Future Security
- How To Know When To Sell A Dividend Stock
Tags: [HRL] [BDX] [SBTB] [IGT] [ERIE] [SJI] [MRH]
Popular Posts - Last 7 days
A stock dividend , also known as a "scrip dividend", is a dividend payment made with stock instead of cash. Sometimes when compani...
Each Sunday I highlight any notable articles that I came across over the past week. Though I may not always agree with each of the articles ...
The S&P 500 Index is owned and maintained by Standard & Poor's, a division of McGraw-Hill. The index was first published in 195...
Linked here is a detailed quantitative analysis of Pepsico, Inc. (PEP). Below are some highlights from the above linked analysis: Company...
Monday, October 31, 2011 will mark my fourth full year of writing as Dividends4Life . It is hard to believe another year has passed. Like th...
Presented below are my dividend stock and ETF/CEF holdings. This is not a recommendation to buy these securities. I have classified some of...
Like many that came before me, I am on a journey to construct a portfolio that will provide me... Dividends 4 Life
Linked here is a detailed quantitative analysis of Johnson Controls, Inc. (JCI). Below are some highlights from the above linked analysis: ...
We all want to succeed in everything that we do, including investing in the stock market. Though I have no analytical data to back it up, I...
Linked here is a detailed quantitative analysis of HCP, Inc. (HCP). Below are some highlights from the above linked analysis: Company Des...