Woo Hoo, Got a Raise Today!
Becton, Dickinson (BDX) announced a dividend bump from 49.5 cents/share to 54.5 cents/share today! Ten percent - that trumps inflation by a fair amount, even the real numbers that the Fed and gov't don't use. The new payout puts the dividend yield at right around 2% based on today's close. My favorite part of the press release?
“This is the forty-second consecutive fiscal year in which we have raised our dividend. This increase reflects our confidence in our long-term outlook, as well as our ongoing commitment of returning value to our shareholders.”
My retirement plan counts on Becton and other dividend growth holdings to keep on keepin' on, so these announcements are cause for small celebrations.
Fool on! Russ
PS Work and life have had me swamped lately. I'm hoping to get an article or two done over the long weekend in case anyone has missed my charm and wit (or lack thereof).