Tuesday, November 20, 2012
Dividend Increase: BDX
Becton, Dickinson and Company (BDX) is increasing its quarterly dividend by 10%, from $0.45 to $0.495 per share, putting the company on track for its 41st consecutive year of dividend growth. It is great to see yet another double-digit percent increase for one of my stocks. Given that I own 25 shares of BDX, my quarterly dividend increases from $11.25 to $12.38, which will add an extra $4.52 to my annual dividend income. The increase will be effective with the last dividend payment in 2012. This dividend increase also boosts my yield on cost to 2.78%. There have been dividend increases (effective in 2012) for 24 of the 25 dividend growth stocks in my portfolio.
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That's great to hear. I've been wanting to pick up some shares of BDX but it's just out of my price range so I haven't been able to buy. Good news though.
ReplyDeletePassive Income Pursuit: BDX has been trading in a fairly narrow range ($72-80), which makes it hard to find good dips on which to buy. I managed to get it last year at $70.99 and it would be nice to see that price again.
DeleteI hadn't noticed their increase yet until I saw your post. This is great news and I think they look attractive at current prices. I added some shares back in early November for my second purchase of BDX. With a fairly low payout ratio that should be able to continue these large dividend increases into the future.
ReplyDeleteaustinbroker: Indeed, this is great news and I think the company is well-positioned for future dividend growth. BDX should turn out to be a good long-term investment for us.
DeleteThanks for posting this. BDX is a quality company that I would really love to own.
ReplyDeleteI've been wanting to pick up shares in the low $70's, but that's proving quite difficult. If it would just take a drop below $75 again, with the new payout it would make it quite appealing.
Best wishes!
Dividend Mantra: Yes, there have not been many opportunities to buy BDX near $70; I see that in 2012 it has not gone below $72. I am glad I picked up some shares late last year during my healthcare shopping spree (around the same time I also bought ABT, JNJ, MDT, and NVS). However, I have not purchased any healthcare stocks this year, so that might be something I will focus on in 2013.
DeleteWow 3 increases of 10% or more in two days! That is just fantastic! Clearly the plan is working. Much like Dividend Mantra and probably yourself, I would pick up BDX shares below $72. I need to add more healthcare to my portfolio!
ReplyDeleteCompounding Income: Yep, I am definitely pleased with these recent increases. I might look to add more healthcare to my portfolio next year.
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