As we officially head into the holiday season, many of us in the U.S. did not have to go into work today in observance of the Thanksgiving holiday. Though not much is happening at the office, there are still many working for me today. Not people, but my Dividend Stocks. It is great to know while I am relaxing with family and watching the big game, those stocks are hard at work providing me an additional income stream.
Several companies this week provided their investors a Thanksgiving bonus in the form of higher cash dividends:
The York Water Company (YORW) engages in impounding, purifying, and distributing drinking water in Pennsylvania. November 22nd the company increased its quarterly dividend 2% to $0.1336 per share. The dividend is payable January 17, 2012 to shareholders as of record date December 31, 2011. The yield based on the new payout is 3.2%.
McCormick & Company, Incorporated (MKC) engages in the manufacture, marketing, and distribution of flavor products and other specialty food products to the food industry worldwide. November 22nd the company increased its quarterly dividend 10.7% to $0.31 per share. The dividend is payable January 13, 2012 to shareholders of record December 30, 2011. This marks the 26th consecutive year that the Company has increased its quarterly dividend. The yield based on the new payout is 2.6%.
Becton, Dickinson and Company (BDX), a medical technology company, develops, manufactures, and sells medical devices, instrument systems, and reagents worldwide. November 22nd the company increased its quarterly dividend 9.8% to $0.45 per share. The dividend is payable on December 30, 2011 to holders of record on December 12, 2011. The yield based on the new payout is 2.5%.
Cambridge Bancorp (CATC) operates as the holding company for Cambridge Trust Company that provides commercial and consumer banking, trust, and investment management services for individuals and businesses in Massachusetts. November 22nd the company increased its quarterly dividend 5.7% to 0.37 per share. The dividend is payable January 3, 2012 to shareholders of record as of December 12, 2011. The yield based on the new payout is 4.5%.
Hormel Foods Corporation (HRL) produces and markets various meat and food products in the United States and Internationally. November 21st the company increased its quarterly dividend 17.6% to $0.15 per share.