Skip to main content
Dividend Aristocrat Becton Dickinson and Co Declares Cash Payment to Investors Income Investors 2018-01-23 07:07:57 becton dickinson and co bdx stock dividend aristocrat dividend stock NYSE BDX Becton Dickinson and Co (NYSE:BDX) a manufacturer of medical devices and systems and a Dividend Aristocrats, declares cash payment to investors. Becton Dickinson and Co Stock,Dividend Stocks,News

Dividend Aristocrat Becton Dickinson and Co Declares Cash Payment to Investors

Dividend Aristocrat Keeps Returning Cash to Shareholders

Long-term readers of Income Investors would know that I’m a big fan of the S&P 500 Dividend Aristocrats. These are S&P 500 companies with at least 25 consecutive years of annual dividend increases. Think about it; for income investors, what could be better than a rising dividend stream that lasts for more than a quarter of a century?

On Monday, January 22, one of the Dividend Aristocrats, Becton Dickinson and Co (NYSE:BDX), just announced another cash payment.

In a press release on Monday, Becton Dickinson announced that its Board of Directors has declared a quarterly dividend of $0.75 per share. The dividend will be paid on March 30, 2018 to shareholders of record as of March 9. (Source: “BD Board Declares Dividend,” Becton Dickinson and Co, January 22, 2018.)

Also Read:

S&P Dividend Aristocrats List

While the payout is the same as last quarter’s, it does represent a 2.7% increase from the year-ago period.

At the same time, keep in mind that Becton Dickinson and Co has raised its quarterly dividend rate in each of the last 46 years. (Source: “Stock Information – Dividend / Stock Split History,” Becton Dickinson and Co, last accessed January 22, 2018.)

Becton Dickinson is a manufacturer of medical devices and systems. Although the medical technology business requires a significant amount of resources devoted to research and development, the company still has more than enough money to grow its dividends.

In particular, Becton Dickinson generated adjusted earnings of $9.48 per share in its fiscal year 2017, representing a 10.4% increase year-over-year. Given its total dividends of $2.92 per share declared and paid during this period, the company had a payout ratio of just 30.8%. (Source: “BD Announces Results For 2017 Fourth Fiscal Quarter And Full Year; Provides Fiscal 2018 Guidance,” Becton Dickinson and Co, November 2, 2017.)

With a growing business and a low payout ratio, BDX stock should have no problem raising its payout again. In a few years’ time, I expect the company to become a Dividend King—a title reserved for those with at least 50 consecutive years of dividend hikes.

Please wait...

Sign up to receive our FREE Income Investors newsletter along with our special offers and get our FREE report:

5 Dividend Stocks to Own Forever

This is an entirely free service. No credit card required. You can opt-out at anytime.

We hate spam as much as you do.
Check out our privacy policy.