Lowe’s Joins the Ranks of Dividend Kings

by | June 12, 2012 7:00 am

Another company joined the elite list of dividend kings[1] over the past week, bringing the list to fourteen companies. So far this year we have had Coca Cola (NYSE:KO[2]) and Johnson & Johnson (NYSE:JNJ[3]) join the ranks of dividend kings. This is an elite list of companies which have managed to raise distributions for at least 50 years in a row.

Lowe’s (NYSE:LOW[4]) together with its subsidiaries, operates as a home improvement retailer. The company raised its quarterly dividend by 14.30% to 16 cents per share. Lowe’s Companies has raised dividends for 50 years in a row, placing it next to Coca Cola and Procter & Gamble (NYSE:PG[5]) on the dividend king list. Yield: 2.40% (analysis[6])

Other consistent dividend payers, boosting distributions over the past week included:

Universal Health Realty Income Trust (NYSE:

UHT[7]) operates as a real estate investment trust (REIT) in the United States. The company invests in health care and human service related facilities. The company raised its quarterly dividend by 0.80% to 61.50 cents per share. This dividend achiever has raised dividends for 24 years in a row. Yield: 6.20% (analysis[8])

National Fuel Gas (NYSE:NFG[9]) operates as a diversified energy company in the United States. The company invests in health care and human service related facilities. The company raised its quarterly dividend by 2.80% to 36.50 cents per share.This dividend achiever[10]  has raised dividends for 23 years in a row. Yield: 3.30%

FedEx  (NYSE:FDX[11]) provides transportation, e-commerce, and business services in the United States and internationally. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. The company raised its quarterly dividend by 7.70% to 14 cents per share. FedEx Corporation has raised dividends for 11 years in a row. Yield: 0.70%

Flowers Foods (NYSE:FLO[12]) produces and markets bakery products in the United States. It operates in two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The company raised its quarterly dividend by 6.70% to 16 cents per share. Flowers Foods has raised dividends for 11 years in a row. Yield: 2.80%

Full Disclosure: Long LOW, UHT, PG, JNJ, KO

 

Endnotes:
  1. elite list of dividend kings: http://www.dividendgrowthinvestor.com/2012/01/eleven-dividend-kings-raising-dividends.html
  2. KO: http://studio-5.financialcontent.com/investplace/quote?Symbol=KO
  3. JNJ: http://studio-5.financialcontent.com/investplace/quote?Symbol=JNJ
  4. LOW: http://studio-5.financialcontent.com/investplace/quote?Symbol=LOW
  5. PG: http://studio-5.financialcontent.com/investplace/quote?Symbol=PG
  6. analysis: http://www.dividendgrowthinvestor.com/2011/08/lowes-low-dividend-stock-analysis.html
  7. UHT: http://studio-5.financialcontent.com/investplace/quote?Symbol=UHT
  8. analysis: http://www.dividendgrowthinvestor.com/2010/04/universal-health-realty-income-trust.html
  9. NFG: http://studio-5.financialcontent.com/investplace/quote?Symbol=NFG
  10. This dividend achiever: http://www.dividendgrowthinvestor.com/2011/01/dividend-achievers-offer-income-growth.html
  11. FDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=FDX
  12. FLO: http://studio-5.financialcontent.com/investplace/quote?Symbol=FLO

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