Clarcor hikes dividend for 33rd consecutive year

Clarcor (CLC) will raise its dividend by 13.6%.

The quarterly dividend will be increased to $0.25 per share, marking 33 consecutive years of dividend increases by the diversified marketer and manufacturer of mobile, industrial and environmental filtration products.

Clarcor has raised its dividend every year since 1983, with double digit growth in the last six years.

The estimated dividend yield for Clarcor is 1.6% based on Monday's closing price of $63.61.

The new $0.25 per share dividend will be paid on Friday, November 4, 2016 to shareholders of record on Monday, October 17, 2016.

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