Monday, March 8, 2021

Two Dividend Hikes From Last Week

I review the list of dividend increases every week as part of my monitoring process. I usually review the list but focus on the ones that have managed to increase dividends for at least a decade.

In the past week, there were three companies that raised dividends to shareholders, and have a 10 year track record of annual dividend increases. The companies include:

General Dynamics Corporation (GD) operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

The company increased its quarterly dividend by 8.18% to $1.19/share. This marked the 30th consecutive annual dividend increase for this dividend aristocrat.

Over the past decade, the company has managed to increase dividends at an annualized rate of 10.20%.

Between 2011 and 2020, the company managed to increase earnings from $6.87/share to $11/share. The company is expected to earn $11.11/share in 2021.

The stock is selling for 15.38 times forward earnings and yields 2.79%. Check my analysis of General Dynamics for more information about the company.

Horace Mann Educators Corporation (HMN) operates as a multiline insurance company in the United States. The Company operates through five segments: Property and Casualty, Supplemental, Retirement, Life, and Corporate and Other.

The company increased its quarterly dividend by 3.33% to 31 cents/share. This was the 13th consecutive year the Board has increased the annual shareholder cash dividend. Over the past decade, this dividend achiever has managed to increase distributions at an annualized rate of 13.10%. 

Between 2011 and 2020, the company managed to boost earnings from $1.70/share to $3.17/share. The company is expected to earn $3.14/share in 2021.

The stock is selling for 13.68 times forward earnings and yields 2.89%.

Relevant Articles:

13 Dividend Growth Stocks Raising Shareholder Distributions




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