Becton Dickinson Raises Dividend for 38th Straight Year

Good news for shareholders of Becton Dickinson (BDX)! The company has announced that it’s raising its quarterly dividend from 37 cents per share to 41 cents per share. That’s an increase of 10.8% and BDX has now increased its dividend for 38 straight years!

Going by the new yearly payout of $1.64, BDX currently yields 2.1%. The 5-year Treasury is going for 1.37%. If you bought the stock 20 years ago, you’re currently yielding close to 20%.

The dividend appears to be very safe. Earlier this month, BDX gave guidance for the fiscal year ending September 2011 of $5.45 to $5.55 per share. They made $4.90 this past year. In my opinion, any entry below $80 is a good value.

Here’s a look at their quarterly dividends for the past few years:

Posted by on November 23rd, 2010 at 9:19 am


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