Dividends keep rising for these blue chips

Article Excerpt

SNAP-ON INC. $169 (New York symbol SNA; Conservative- Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares o/s: 58.0 million; Market cap: $9.8 billion; Price-to-sales ratio: 2.7; Dividend yield: 1.7%; Dividend Sustainability Rating: Above Average; www. snapon.com) makes tools for auto mechanics and sells them through a fleet of franchised vans that visit garages. It also makes specialized tools for mining companies, electrical power plants and other industrial customers. With the December 2016 payment, the company will increase its quarterly dividend by 16.4%, to $0.71 a share from $0.61. The new annual rate of $2.84 yields 1.7%. Snap-On has paid quarterly dividends continuously since 1939. Management continues to promise shareholders longterm dividend growth. Snap-On is a hold. SUN LIFE FINANCIAL INC. $53 (Toronto symbol SLF; Conservative Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 612.9 million; Market cap: $32.5 billion; Price-to-sales ratio: 1.0; Divd. yield: 3.2%; Dividend Sustainability Rating: Above Average; www. sunlife.com) provides a variety of financial services, including life insurance, individual…

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