Sherwin-Williams raises dividend for 40th year
The Dividend Aristocrat will increase its quarterly dividend from $0.85 to $0.86 per share. Last year SHW also hiked its dividend by 1.2 percent.
The new dividend is payable on March 9, 2018, to shareholders of record on February 26, 2018. This increase follows 39 consecutive years of dividend increases.
Based on Friday's closing price of $402.30 Sherwin-Williams offers a 0.9% dividend yield. The stock has lost 1.9% year-to-date and SHW currently has a $37.6 billion market cap.
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group.