CR Bard Raises Dividend

In last week’s CWS Market Review, I said that I expected a dividend increase soon from CR Bard ($BCR). Sure enough, the company just announced a one-penny per share increase.

The quarterly dividend will rise from 20 cents to 21 cents per share. Don’t be quick to dismiss a 5% increase so quickly. For one, these do add up over time. Bard’s dividend has doubled since 2002. Also, it’s a sign from the company that things are going well. A firm can do lots of things to its financial statement, but money paid to shareholders is something tangible.

Bard also announced a $500 million share buyback program. Personally, I don’t care too much for these. It’s merely the “authorization.” I’d rather have the cash, but from a quality company like Bard, I view it as mildly positive.

Posted by on June 13th, 2013 at 11:14 am


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