As it has for the past 34 years, coatings specialist Sherwin-Williams this week announced it would be increasing its quarterly dividend effective with the first quarter.
The quarterly dividend will rise from $0.39 per share to $0.50 per share, a 28% increase, payable on March 8. Sherwin-Williams has a long history of paying dividends, going all the way back to 1885. After losing $8.2 million in 1977, it suspended the payment, but reinstated it after John Breen became CEO in 1979 and has raised it every year since.
The article Sherwin-Williams Increases Dividend 28% originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Sherwin-Williams. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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