Sherwin Williams Raising Dividend Again

The Sherwin-Williams Company [[SHW]] announced today that the company is raising their quarterly dividend by 1.4% to $.365 per share.

 

The dividend increase is nothing new for Sherwin-Williams, the dividend aristocrat has now raised their dividend for 32 consecutive years.

 

Following the dividend increase, SHW stock will offer a current dividend yield of 1.7% based on yesterday’s closing price.

 

While Sherwin-Williams shares are up only marginally in 2011, the conservative company has proven to be a stable dividend stock for any market.

 

The dividend will be payable on March 11, 2011 to shareholders of record as of February 25, 2011.

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