Below is a list of companies in Canada and the United States that have increased their dividends in the month of November.
The companies we list are not the complete list of companies that have increased their dividends in Canada and the United States or the rest of the world however, they are companies we follow or own.
Canadian Companies
| Company | Previous ($) | New ($) | Change (%) |
| Cogeco Communications Inc. | 0.58 | 0.64 | 10.34 |
| Loblaw Companies Ltd. | 0.3150 | 0.3350 | 6.35 |
| Telus Co. | 0.29125 | 0.3112 | 6.85 |
| Waste Connections Inc. | 0.185 | 0.205 | 10.81 |
US Companies
| Company | Previous ($) | New ($) | Change (%) |
| Automatic Data Processing Inc. | 0.910 | 0.930 | 2.20 |
| Aflac Inc. | 0.280 | 0.330 | 17.86 |
| Becton Dickinson and Co. | 0.790 | 0.830 | 5.06 |
| Brown-Forman Corp | 0.174 | 0.180 | 2.98 |
| DR Horton Inc. | 0.175 | 0.200 | 14.29 |
| Estee Lauder Companies | 0.48 | 0.53 | 10.42 |
| Emerson Electric Co. | 0.500 | 0.505 | 1.00 |
| Huntington Ingalls Industries Inc. | 1.030 | 1.140 | 10.68 |
| HP Inc. | 0.176 | 0.194 | 9.99 |
| Hormel Foods Corp | 0.233 | 0.245 | 5.38 |
| Kansas City Southern | 0.400 | 0.440 | 10.00 |
| McCormick & Co Inc. | 0.310 | 0.340 | 9.68 |
| Merck & Co Inc. | 0.610 | 0.650 | 6.56 |
| Motorola Solutions Inc. | 0.640 | 0.710 | 10.94 |
| NIKE Inc. | 0.245 | 0.275 | 12.24 |
| Rockwell Automation Inc. | 1.020 | 1.070 | 4.90 |
| Roper Technologies Inc. | 0.513 | 0.563 | 9.76 |
| Snap-On Inc. | 1.080 | 1.230 | 13.89 |
The dollar value listed per share represents a quarterly dividend payment.
Information was obtained from the companies directly.
Special Dividend
As I mentioned in one of our recent blog posts called Special Dividends, Costco announced their special dividend of $10 in the month of November. It was recently paid out on December 2nd.
History of Becton Dickinson and Co.
Becton Dickinson has paid out a dividend for close to 50 consecutive years and are consistently increasing it. With the most recent dividend increase, Becton Dickinson now has a quarterly dividend of $0.830 per share and is paying their shareholders a total of $3.32 per share annually.
“It is health that is the real wealth, and not pieces of gold and silver.” – Mahatma Gandhi
Becton Dickinson is a medical technology company that manufactures and sells medical devices, instruments, reagents, and diagnostic systems. The company was started in 1897 by Maxwell W. Becton and Fairleigh S. Dickinson. At the beginning, they began by importing medical thermometers and syringes from England and sold them in the United States. The first sale the two businessmen made was a Luer-all-glass syringe for $2.50 which is pictured above.
“Healthy citizens are the greatest asset any country can have.” – Winston Churchill
During World War I, Becton Dickinson had their supply cut off which forced them to resort to manufacturing their own sterile and disposable products. As they changed their business model and grew, Becton Dickinson required additional funds. As a result, the company went public in 1962 and started trading on the New York Stock Exchange. The initial public offering was at $25 per share.
“A good laugh and a long sleep are the best cures in the doctor’s book.” – Irish Proverb
Fast forward to 2020, their syringes and other medical products are in demand more than ever. Becton Dickinson has recently made the commitment to providing more than 1 billion injection devices in support of the delivery of COVID-19 vaccinations around the world.
“How will you replace your current income in retirement?” – Jim Seyers