Danaher Boosts Dividend
Diversified manufacturer Danaher Corp. (NYSE: DHR – $87.90) said that it would increase its quarterly dividend by 35% to $0.135 per share. The dividend is payable on April 24, 2015 to holders of record on March 27, 2015. On an annualized basis, DHR will be paying $0.54 per share and yield 0.62%. The company has historically retained cash for acquisitions and has not been generous with dividends. However, payouts have climbed in recent years from $0.13 to its current annual rate and dividends to net profit has gone from 2% on average to 10%. The shares are currently trading at an all-time high. Earnings per share for the current year are estimated to be about $4.34 valuing Danaher at 20 times. These good-quality shares are a solid choice for total return for the pull to 2017-2019. And despite the small current income, steady gains in sales and earnings out to late decade should reward patient, conservative investors.