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.