Best Buy announced today that the company had authorized a $5 billion stock repurchase program and will increase their quarterly dividend by 7 percent to $.16 per share.
Annual dividend increases may be fine for regular dividend stocks, but these premier dividend stocks are rewarding investors with multiple dividend increases this year.
This marks the 37th consecutive year that RPM has increased their cash dividend putting them in a very elite group.
Investors in Kaydon Corporation will start seeing a slightly higher dividend in October.
The penny increase in the dividend payment will lift BBY’s current yield to 1.6% based on yesterday’s closing price.