Crossing Wall Street Gets Results

One year ago, FactSet (FDS) announced a 7% increase to their quarterly dividend. That brought the dividend from 72 to 77 cents per share. In their press release, the company said:

”The $0.05 per share increase marks the fifteenth consecutive year the Company has increased dividends.”

But that was incorrect. It was really their 21st dividend hike in a row. It turns out, FactSet had not adjusted for stocks splits. (Which is a little embarrassing for a financial data company!)

I have to credit Dividend Growth Investor for catching the error. I wrote the company to inform them of the mistake.

This morning, the company announced a 6.9% increase to their quarterly dividend, bringing it to 77 cents per share.

And guess what it says in the press release!!

“The $0.05 per share increase marks the twenty-second consecutive year the Company has increased dividends on a stock split adjusted basis”

We get results!

Posted by on May 5th, 2021 at 1:04 pm


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