Joseph Sroka, CFA, CMT Chief Investment Officer, NovaPoint Capital LLC jsroka@novapointcapital.com The Board of Directors of 3M (ticker: MMM) announced an increase in the quarterly dividend on the company’s common stock to $1.11 per share from $1.025, an 8.3% increase. This is the 58th consecutive year the company has raised its dividend. 3M is …
Joseph Sroka, CFA, CMT Chief Investment Officer, NovaPoint Capital LLC jsroka@novapointcapital.com The Board of Directors of Praxair (ticker: PX) announced an increase in the quarterly dividend on the company’s common stock to $0.75 per share from $0.715, a 4.9% increase. This is the 23rd consecutive year the company has raised its dividend. Praxair is one …
Alan J. Conner President and Chief Compliance Officer NovaPoint Capital LLC aconner@novapointcapital.com Retirement plan sponsors that violate their fiduciary duty are coming under fire for not providing adequate investment options, not pursuing collective fund and separate account options and not minimizing plan expenses. Here is a list of Ten Questions every retirement plan sponsor should …
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Joseph Sroka, CFA, CMT Chief Investment Officer, NovaPoint Capital LLC jsroka@novapointcapital.com The Board of Directors of Linear Technology (ticker: LLTC) announced an increase in the quarterly dividend on the company’s common stock to $0.32 per share from $0.30, a 6.7% increase. This is the 24th consecutive year the company has raised its dividend. Linear Technology …
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Joseph Sroka, CFA, CMT Chief Investment Officer, NovaPoint Capital LLC jsroka@novapointcapital.com A key component of the investment strategy at NovaPoint Capital is owning companies that have demonstrated track records of annual dividend increases. In December, three of the companies in our Dividend Growth strategy announced dividend increases: AT&T (T), Dominion Resources (D) and Pentair (PNR). These companies …
Joseph Sroka, CFA, CMT Chief Investment Officer, NovaPoint Capital LLC jsroka@novapointcapital.com The Board of Directors of AT&T (ticker: T) announced an increase in the quarterly dividend on the company’s common stock to $0.48 per share from $0.47, a 2.1% increase. This is the 32nd consecutive year the company has raised its dividend. AT&T is one …
Joseph Sroka, CFA, CMT Chief Investment Officer, NovaPoint Capital LLC jsroka@novapointcapital.com The Board of Directors of Dominion Resources (ticker: D) announced an increase in the dividend on the company’s common stock to $0.70/share per quarter from $0.6475, an 8.1% increase. This is the 13th consecutive year the company has raised its dividend. Dominion Resources is …
Joseph Sroka, CFA, CMT Chief Investment Officer NovaPoint Capital LLC jsroka@novapointcapital.com Earlier this week, the Board of Directors of Pentair (ticker: PNR) announced an increase in the 2016 dividend on the company’s common stock to $1.34 from $1.28, a 4.7% increase. This is the 40th consecutive year the company has raised its dividend. The payment …
Joseph Sroka, CFA, CMT Chief Investment Officer, NovaPoint Capital LLC jsroka@novapointcapital.com The Board of Directors of Ecolab (ticker: ECL) announced an increase in the dividend on the company’s common stock to $0.35 per quarter from $0.33, a 6% increase. This is the 24th consecutive year the company has raised its dividend. Ecolab is one of …
Joseph Sroka, CFA, CMT Chief Investment Officer, NovaPoint Capital LLC jsroka@novapointcapital.com The Board of Directors of McCormick & Company (ticker: MKC) announced an increase in the dividend on the company’s common stock to $0.43 per quarter from $0.40, a 7.5% increase. This is the 30th consecutive year the company has raised its dividend. McCormick is …
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