Hello fellow Dividenders!
It's always a cracking week when a fresh batch of companies decides to share a bit more of their earnings with us, their loyal shareholders! This week is no exception, with several businesses announcing lovely dividend increases. So, let's pull up a chair and have a good look at who's been spreading the dividend love.
Simpson Manufacturing (SSD)
What they do: Simpson Manufacturing designs, engineers, and manufactures high-quality wood and concrete building construction products.
Dividend Hike: A modest but welcome 3.57% increase, moving from $0.28 to $0.29.
Current Yield: 0.68%
Payout Ratio: 14.60%
P/E: 21.39
Consecutive Years of Increases: 12 years of consistent dividend growth. Simpson Manufacturing's steady dividend growth reflects their stable position in the construction industry and commitment to returning value to shareholders.
Cabot (CBT)
What they do: Cabot Corporation is a leading global specialty chemicals and performance materials company.
Dividend Hike: Boosting its dividend by a healthy 4.65%, from $0.43 to $0.45.
Current Yield: 2.32%
Payout Ratio: 24.72%
P/E: 9.85
Consecutive Years of Increases: 14 years of consistent dividend growth. Cabot's consistent dividend increases demonstrate their financial strength and commitment to rewarding investors.
National Health Care (NHC)
What they do: National HealthCare Corporation operates long-term care centres, medical rehabilitation centres, assisted living facilities, homecare programmes, and independent living centres.
Dividend Hike: A decent 4.92% increase, raising its dividend from $0.61 to $0.64.
Current Yield: Data not available.
Payout Ratio: 37.03%
P/E: 14.78
Consecutive Years of Increases: 21 years of consistent dividend increases. National Health Care's long history of dividend growth underscores their stability in the healthcare sector and their dedication to returning value to shareholders.
Chesapeake Utilities (CPK)
What they do: Chesapeake Utilities Corporation is an energy delivery company providing natural gas, electricity, and propane services.
Dividend Hike: Giving its shareholders a notable 7.03% increase, moving the dividend from $0.64 to $0.6850.
Current Yield: 2.22%
Payout Ratio: 47.68%
P/E: 22.75
Consecutive Years of Increases: 21 years of consistent dividend growth. Chesapeake Utilities' consistent dividend increases reflect their stable business model in the utilities sector and their commitment to income investors.
Expeditors International of Washington (EXPD)
What they do: Expeditors International of Washington is a global logistics company providing freight forwarding and customs brokerage services.
Dividend Hike: Increasing its dividend by a respectable 5.48%, from $0.73 to $0.77.
Current Yield: 1.45%
Payout Ratio: 25.54%
P/E: 19.27
Consecutive Years of Increases: 30 years of consistent dividend growth. Expeditors International of Washington's long history of dividend growth highlights their financial stability and commitment to returning value to shareholders in the logistics industry.
Cardinal Health (CAH)
What they do: Cardinal Health, Inc. is a global healthcare services and products company.
Dividend Hike: Announcing a modest 1.01% increase, taking its dividend from $0.5056 to $0.5107.
Current Yield: 1.38%
Payout Ratio: 58.20%
P/E: 23.21
Consecutive Years of Increases: 30 years of consistent dividend increases. Cardinal Health's long-standing dividend growth reflects their established position in the healthcare sector and their commitment to rewarding investors.
PepsiCo (PEP)
What they do: PepsiCo, Inc. is a global food and beverage company with iconic brands like Pepsi, Frito-Lay, and Quaker.
Dividend Hike: Boosting its dividend by a solid 4.98%, from $1.3550 to $1.4225.
Current Yield: 4.25%
Payout Ratio: 76.68%
P/E: 19.36
Consecutive Years of Increases: 52 years of consistent dividend increases. PepsiCo's remarkable streak of dividend growth underscores their strong brand portfolio and commitment to returning value to shareholders.
MSA Safety (MSA)
What they do: MSA Safety Incorporated is a global leader in the development, manufacture and supply of safety products that protect people and facility infrastructures.
Dividend Hike: Announcing a 3.92% increase, moving its dividend from $0.51 to $0.53.
Current Yield: 1.26%
Payout Ratio: 27.75%
P/E: 22.30
Consecutive Years of Increases: 54 years of consistent dividend growth. MSA Safety's long history of dividend growth reflects their stable business in the safety products industry and their commitment to rewarding investors.
The Final Whistle
It's always encouraging to see companies increasing their dividends. It often reflects their confidence in future earnings and their commitment to rewarding us shareholders. Remember, though, it's crucial to do your own digging and consider your personal investment goals before making any decisions.
Happy investing!
Cheers,
The Dividend Edge