The Dynamic Dividend

MOCON Reaches a Decade of Dividend Growth

MOCON, Inc. (MOCO) announced a 5% increase to its dividend this morning, setting up 2012 to be the measurement instrument company’s tenth consecutive year of dividend growth.

MOCON declared a quarterly dividend of $0.105 per share, topping the $0.10 per share it paid each of the last four quarters. The company has improved its dividend output each year since 2003, raising its payout by a total of 67% along the way.

Shares of MOCO closed yesterday’s session trading at $16.00, where they now yield 2.63%. The stock is up 27% in the last year, despite being flat for 2012.

Coming into the year, only 229 publicly-traded companies had raised their dividend output for ten consecutive years. See all of them here.