Marsh & McLennan Companies Inc. (MMC, Financial) and Fastenal Co (FAST, Financial) recently announced their next dividends. Dividend investors could be interested in these stocks, as they have been paying dividends for many years and have increased their payments very fast over the past year.
Marsh & McLennan Companies Inc. (MMC, Financial)
Ahead of Wednesday's regular market trading, the New York-based insurance brokerage firm announced that it will pay a quarterly cash dividend of 59 cents per common share on Aug. 15. The payment will be a 10.3% increase from the previous distribution.
Shareholders must be on the company's record by July 28 if they want to benefit. The ex-dividend date is scheduled for July 27.
The company has distributed consecutive dividends for approximately 32 years and increased them by 40.8% over the past year.
The company has a GuruFocus financial strength rating of 5 out of 10 and a GuruFocus profitability rating of 10 out of 10.
As of early trading on Wednesday, the share price of $153.50 was up 8.90% year-over-year and the forward dividend yield was 1.39%. The stock has a market cap of $76.89 billion and a 52-week range of $137.85 to $183.14.
The stock has a median recommendation rating of overweight and an average target share price of $178.73 on Wall Street.
After regular hours on Tuesday, the Winona, Minnesota-based wholesale distributor of fasteners and other industrial and construction supplies in North America and internationally announced it will pay a quarterly cash dividend of 31 cents per common share on Aug. 24 to shareholders of record as of July 27.
The ex-dividend date is scheduled for July 26. The payment will be in line with the previous distribution.
The company has been paying consecutive dividends for about 30 years, increasing them by 11.7% over the past year.
The company has a GuruFocus financial strength rating of 8 out of 10 and a GuruFocus profitability rating of 10 out of 10.
As of early trading on Wednesday, the share price of $47.16 was down 11.38% year-over-year and the forward dividend yield was 2.63%. The stock has a market cap of $27.04 billion and a 52-week range of $46.58 to $64.75.
On Wall Street, the stock has a median recommendation rating of hold and an average target share price of $55.67.
