Analysis – The Sherwin-Williams Co. Increases Dividend by 25%

SHW

The Sherwin-Williams Company a regular quarterly dividend of $0.84, a 25 percent increase from the prior rate of $0.67 per share. The dividend will be paid at the new higher rate on March 11, 2016, to shareholders of record at close of business on February 29, 2016.

Date Quarterly Dividend
2/29/2016 0.84
11/10/2015 0.67
8/12/2015 0.67
5/13/2015 0.67
2/26/2015 0.67
11/12/2014 0.55
8/13/2014 0.55
5/14/2014 0.55
2/27/2014 0.55
11/13/2013 0.5
8/14/2013 0.5
5/15/2013 0.5
2/21/2013 0.5
11/14/2012 0.39
8/15/2012 0.39
5/16/2012 0.39
2/23/2012 0.39
11/16/2011 0.365
8/17/2011 0.365
5/18/2011 0.365
2/23/2011 0.365
11/17/2010 0.36
8/18/2010 0.36
5/19/2010 0.36
2/24/2010 0.36
1/13/2010 0.15

Analysis of Valuation of Sherwin-Williams Co. (Symbol SHW).

Sherwin-Williams is trading above its average price/sale (P/S) range.  Sherwin-Williams is trading below its average historical dividend yield. 

Price 2/17/16 % Yield 5 Year Div. Growth Rate  SPS    2016 P/S Ratio 10 yr P/S  Low 10 yr P/S  High 5 yr max Yield % 5 yr lowest Yield %
$254.74 1.03% 14% 133.35 2.03 0.64 2.27 2.01% 0.73%

Sherwin-Williams Co. Dividend Yield Chart (Click to enlarge) SHW2

Explanation:  Dividend growth stocks may be valued upon historical relative price/sales and current yield analysis. Dividend stocks trading at a low historical price/sales (P/S) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/S ratio stocks.  Max P/S price target is based upon company reaching its highest historical P/S ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years.  Further information on evaluating dividend growth candidates can be found at http://seekingalpha.com/author/timothy-mcintosh/articles

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