Sherwin-Williams Increases Dividend 28%

As it has for the past 34 years, coatings specialist Sherwin-Williams (NYSE: SHW  ) this week announced it would be increasing its quarterly dividend effective with the first quarter.

The quarterly dividend will rise from $0.39 per share to $0.50 per share, a 28% increase, payable on March 8. Sherwin-Williams has a long history of paying dividends, going all the way back to 1885. After losing $8.2 million in 1977, it suspended the payment, but reinstated it after John Breen became CEO in 1979 and has raised it every year since.

SHW Dividend Chart

SHW Dividend data by YCharts.

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