XYL - Walmart Home Depot Lead 10 Companies Announcing Annual Dividend Increases In Second Half Of February

2024-02-20 00:37:48 ET

Summary

• Dividend growth investors saw two dozen increases in the first half of February.
• Among these were two companies with nearly 70 years of dividend growth each – 3M (66 years) and Genuine Parts Company (68 years).
• The number of dividend increases will slow down in the second half of the month, with 10 companies announcing annual increases, including widely-held mega-retailer Walmart.

This is the latest in my series of articles where I provide predictions of annual dividend increases for long-term dividend growth companies. At the end of January, I provided predictions for 20 dividend growth companies that have historically announced annual payout increases in the first half of February. In this article I'll look at another 10 dividend growth companies that I expect will announce their annual dividend increases in the second half of the month.

Before I get to that, I want to note some other companies with a history of dividend growth that also announced annual dividend increases in the first half of February:

- Coca-Cola Company ( KO ) announced its 62nd annual dividend increase to a new annual rate of $1.94. The 5.4% increase gives the beverage company a forward yield of 3.27%....

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