9 Stocks Increasing Dividends Last Week

‘Cisco Kid’ finally gives back to shareholders

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9 Stocks Increasing Dividends Last Week

Fulton Financial (NASDAQ: FULT) is a holding company operates 271 branches in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through seven affiliate banks. The aforementioned areas are hot for local banks, and Fulton has been a big beneficiary of this regional boom. Last week the company said it would increase its dividend to 4 cents per share, or a 33% increase over the current payout. The new dividend will be paid on April 15 to shareholders of record as of March 28.

Jarden Corp. (NYSE: JAH). The mega-maker of well-known consumer products brands such as Coleman, Mr. Coffee and Sunbeam (among many others) upped its dividend profile last week. The company increased its quarterly payout by about 5% to 8.625 cents per share. The new dividend will be paid on April 29 to shareholders of record on April 1. The consumer stalwart has increased its payout each year since implementing its first dividend in 2009.

Patterson Companies (NASDAQ: PDCO). The suppliers of dental and veterinarian products increased its quarterly cash dividend to 12 cents per share from 10 cents. The new payout will be made on April 28 to shareholders of record as of April 11. The company also announced a hefty share repurchase plan of 25 million shares. Patterson’s new plan allows shares to be repurchased in the open market through March 15, 2016. The company plans to buy back about $150 million in common stock over the next 12 months.

Williams-Sonoma (NYSE: WSM). The home decoration retailer—which also operates the Pottery Barn chain—reported a 28% surge in fourth-quarter net income on strong sales both online, and at its outlet stores. Along with the company’s better-than-expected earnings release, Williams-Sonoma decorated its dividend to shareholders, upping its quarterly payout by 13% to 17 cents per share from 15 cents per share. The spruced-up dividend will be paid on May 24 to shareholders of record as of April 27.

Xilinx, Inc. (NASDAQ: XLNX). The semiconductor maker powered-up its payout to shareholders, as its board approved an increase in its quarterly dividend to 19 cents per share from 16 cents. The company last raised its dividend in October 2009. The new dividend is payable June 8 to shareholders of record as of May 18. Xilinx also reaffirmed its sales forecast for the current quarter, saying revenue is expected to be flat to up about 5%, sequentially. That forecast does, however, assume that customers in Japan have not been affected by the earthquake and its aftermath.

At the time of publication, Jim Woods held no positions in any of the stocks mentioned in this article.


Article printed from InvestorPlace Media, http://investorplace.com/2011/03/stock-dividend-increase-cisco-csco-hpq-hp-apd-ash-fult-jah-pdco-wsm-xlnx/.

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