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Woo Hoo, Got a Raise Today!

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November 26, 2013 – Comments (3) | RELATED TICKERS: BDX

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). 

 

3 Comments – Post Your Own

#1) On November 26, 2013 at 9:24 PM, HarryCarysGhost (99.77) wrote:

Congrats on the raise today Russ!

Well deserved my friend. I've only followed BDX in the FF5C, but it looks like a great candidate for my retirement portfolio.

What are their views on share buybacks coupled with those sweet yearly raises?

Cheers. 

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#2) On December 03, 2013 at 8:55 AM, rd80 (98.73) wrote:

Hi Harry/John,

Thanks for commenting and inspiring an article

Becton has a buyback program, it reduced share count by about 4 million last year and plans on buying back another $450 million over the next year.

 

 

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#3) On December 03, 2013 at 8:55 AM, rd80 (98.73) wrote:

Hi Harry/John,

Thanks for commenting and inspiring an article

Becton has a buyback program, it reduced share count by about 4 million last year and plans on buying back another $450 million over the next year.

 

 

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