Once a company makes a profit, management must take steps about what to do with the amount of those earnings. They could continue to keep the net income within the company in order to use it for development process, or they could pay out the profits to the owners of the firm in the form of dividends.
After the company decides on whether to declare dividends they may set up a somewhat permanent dividend policy, which may as a result impact investors and perceptions of the company in the financial markets. Their decision relies on the situation of the company at the present and in the future.
It also involves the preferences of shareholders and potential investors. This article discusses 7 companies that have been raising their dividend since 1997.
The TJX Companies, Inc (NYSE:TJX) annual dividend yield stands at 1.02% and maintains a dividend payout ratio of 18.19%. The stock has a dividend of $0.46 annually.
TJX shares traded in the range of $25.07 – $45.50 in the last 52 weeks. TJX operates as an off-price apparel and home fashions retailer in the United States and internationally.
Novartis AG (ADR) (NYSE:NVS) pays a dividend of $2.48 annually.
The company has an annual dividend yield of 4.19% and has a dividend payout ratio at 62.06%. Shares of NVS have been floating in the range of $51.20 – $59.55 in the last 52 weeks.
Kinder Morgan Energy Partners LP (NYSE:KMP) has an annual dividend of $4.92 while keeping its dividend yield at 6.12%. The company maintains a dividend payout ratio of 320.93%. Shares of KMP have been trading in the range of $63.42 – $90.60 in last 52 weeks. KMP operates as a pipeline transportation and energy storage company in North America.
HCC Insurance Holdings, Inc (NYSE:HCC) underwrites non-correlated specialty insurance products worldwide. HCC Insurance Holdings, Inc pays a dividend of $0.62 annually.
The stock has an annual dividend yield of 1.93% and maintains a dividend payout ratio of 20.63%. Shares of HCC have been floating in the range of $24.66 – $32.80 in the last 52 weeks.
Canadian National Railway (USA) (NYSE:CNI) shares have been trading in the range of $61.82 – $89.56 in the last 52 weeks. The company pays a dividend of $1.47 annually and has a dividend payout ratio of 23.22%.
The stock maintains an annual dividend yield of 1.66%. CNI together with its subsidiaries, engages in rail and related transportation business in North America.
Church & Dwight Co., Inc (NYSE:CHD) annual dividend yield stands at 1.72% and maintains a dividend payout ratio of 33.19%. The stock has a dividend of $0.96 annually. CHD shares traded in the range of $36.78 – $59.27 in the last 52 weeks. CHD together with its subsidiaries, develops, manufactures, and markets a range of household, personal care, and specialty products under various brand names in the United States and internationally.
The Andersons, Inc (NASDAQ:ANDE) engages in the grain, ethanol, plant nutrient, railcar leasing and repair, turf products production, and general merchandise retailing businesses. The Andersons, Inc pays a dividend of $0.60 annually. The company has an annual dividend yield of 1.64% and has a dividend payout ratio at 12.06%. Shares of NVS have been floating in the range of $30.04 – $51.50 in the last 52 weeks.