Northwest Natural Gas
Northwest Natural Gas (NYSE:NWN) provides natural gas service to about 675,000 customers in western Oregon and southwestern Washington. The Great Northwest’s demand for gas is hefty, and that has translated into a hefty dividend for the company’s shareholders. Northwest increased its quarterly payout to 44.5 cents from 43.5 cents per share. The new dividend yield, based on the Oct. 5 closing price of $45.01, is 3.95%. The new dividend will be paid Nov. 15 to shareholders of record as of Oct. 31. The increase represents the 56th consecutive year in which the company has raised its annual dividend.
QR Energy LP
Crude oil and natural gas firm QR Energy LP (NYSE:QRE) pumped up its quarterly dividend, raising its payout to shareholders by more than six cents to 47.5 cents. The new dividend yield, based on the Oct. 4 closing price of $20.45, is a substantial 9.29%. The Texas-based energy company said the new dividend would be dealt out on Feb. 10 to unitholders of record as of the close of business on Jan. 30. The company also approved a third-quarter dividend of 41.25 cents per unit. That dividend will be payable on Nov. 11 to unitholders of record on Oct. 31. If two dividends at once weren’t enough, QR Energy also reported that it has closed its $577 million acquisition of oil and natural gas fields in Texas, Oklahoma and New Mexico.
Specialty chemical products maker RPM International (NYSE:RPM) went into the financial laboratory and came back out with a newly increased quarterly dividend concoction. The new payout of 21.5 cents per share represents a 2.4% increase over the prior quarter’s payout of 21 cents. The new dividend yield, based on the Oct. 6 closing price of $20.43, is 4.21%. The new payout will be made on Oct. 31 to shareholders of record as of Oct. 17. The increase by RPM represents the company’s 38th consecutive year of consistently higher payouts, which, according to RPM’s press release, puts it in an elite category of less than half of 1% of all 19,000 publicly traded U.S. companies.
Senior Housing Properties
Senior Housing Properties (NYSE:SNH) is a REIT that operates 320 properties in 36 states and Washington, D.C., including 226 senior living properties and two rehabilitation hospitals. Business was good in the third quarter, as the company nursed a penny increase in its quarterly dividend, upping the payout to 38 cents per share from 37 cents. The new dividend yield, based on the Oct. 4 closing price of $21.51, is 7.07%. The company plans to pay the dividend on Nov. 11 to shareholders of record as of Oct. 19.
As of this writing, Jim Woods did not own a position in any of the aforementioned stocks. Check out other companies increasing dividends in past weeks here.