13 Companies Increasing Dividends

Home improvement, apparel, industrial among payout performers

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13 Companies Increasing Dividends

Mega do-it-yourself home improvement retailer Home Depot (NYSE:HD) supplied the fiscal materials to renovate shareholders’ portfolios, upping its quarterly payout by four cents to 29 cents per share. The refurbished dividend will be paid on Dec. 15 to shareholders of record as of Dec. 1. The new dividend yield, based on the Nov. 15 closing price of $38.07, is 3.05%. Along with the dividend boost, Home Depot said third-quarter net income rose 12% as consumers spent more on home-improvement projects and repairs in the wake of Hurricane Irene.

Automotive and building equipment maker Johnson Controls (NYSE:JCI) turned up the meter on its quarterly dividend, boosting its payout to shareholders by 13% to 18 cents per share. The new dividend will be paid on Jan. 3 to shareholders of record as of Dec. 9. The new dividend yield, based on the Nov. 16 closing price of $31.10, is 2.32%. Last month, the company reported a 25% increase in fiscal Q4 profit to 75 cents per share; however, that number fell just shy of Wall Street expectations.

Diversified natural resource and energy company MDU Resources Group (NYSE:MDU) raised its quarterly dividend to 16.75 cents per share from 16.25 cents. The new dividend yield, based on the Nov. 17 closing price of $20.56, is 3.26%. It was the 21st consecutive year that MDU Resources has increased its common stock dividend. The company has paid dividends for 74 consecutive years going back to 1937.

Oil and gas drilling equipment maker National-Oilwell Varco (NYSE:NOV) pumped out a new quarterly dividend of 12 cents per share from 11 cents. The new payout will be made on Dec. 16 to shareholders of record as of Dec. 2. The new dividend yield, based on the Nov. 17 closing price of $67.87, is 0.71%. In October, the company reported outstanding Q3 earnings that jumped nearly 25% year-over-year on an increase in all of its oil service segments.

Footwear and sports apparel maker Nike Inc. (NYSE:NKE) laced up a 16% boost in its quarterly dividend, upping its payout to 36 cents per share. The new dividend yield, based on the Nov. 17 closing price of $91.89, is 1.57%. The new dividend swoosh will arrive in investors’ accounts on Jan. 3 to shareholders of record as of Dec. 5. The increase marks the 10th straight year of dividend increases for the iconic athletic wear firm.


Article printed from InvestorPlace Media, http://investorplace.com/2011/11/13-companies-increasing-dividend-yield/.

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