Becton Dickinson hikes dividend by 4.8%

Dividend Aristocrat Becton Dickinson and Company (BDX) will raise its quarterly dividend by 4.8 percent to 87 cents per share in 2021. This comes after a 5.1 percent hike to 83 cents per share in 2020 and marks 50 years in a row of dividend increases by the medical devices maker.

The next BDX dividend will be payable on December 31, 2021 to holders of record on December 10, 2021. A new indicated annual dividend rate of $3.48 per share for Becton Dickinson yields 1.4% at a stock price of $243.71. The company now pays shareholders an estimated $999 million in dividends annually.

Becton, Dickinson and Company (BD) is a global medical technology company engaged in the development, manufacture and sale of a broad range of medical supplies, devices, laboratory equipment and diagnostic products used by healthcare institutions, physicians, life science researchers, clinical laboratories, the pharmaceutical industry and the general public. BD’s operations consist of three worldwide business segments: BD Medical, BD Life Sciences and BD Interventional. Becton, Dickinson and Company was incorporated under the laws of the State of New Jersey in November 1906, as successor to a New York business started in 1897.