24 Companies Increasing Dividends

Abbott Labs, Allstate, Gap Inc. top payout performers

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24 Companies Increasing Dividends

Energy producer Public Service Enterprise Group (NYSE:PEG) increased the voltage on its quarterly dividend by 3.6% to 35.5 cents per share. The new payout will be made on March 31 to shareholders of record as of March 9. The new dividend yield, based on the Feb. 21 closing price of $30.92, is 4.59%.

Public Storage (NYSE:PSA) opened up a new dividend shed to investors, increasing its payout 16% to 15 cents per share. The new dividend is payable March 29 to shareholders of record as of March 14. The new dividend yield, based on the Feb. 23 closing price of $138.39, is 3.18%.

Canadian telecom giant Telus Corp (NYSE:TU) dialed up a 5.2% increase in its quarterly dividend to 61 cents per share. The new payout will be made July 3 to shareholders of record as of June 8. The new dividend yield, based on the Feb. 21 closing price of $53.99, is 4.52%.

Clothing retailer The Gap, Inc. (NYSE:GPS) dressed up its quarterly dividend 11.1% to 12.5 cents per share. The new dividend is payable April 27 to shareholders of record as of April 5. The new dividend yield, based on the Feb. 23 closing price of $23.52, is 2.13%.

Restaurant chain Tim Hortons (NYSE:THI) served up a new dividend plate, increasing its payout to shareholders 23.5% to 21 cents per common share. The new payout will hit tables March 20 to shareholders of record as of March 5. The new dividend yield, based on the Feb. 23 closing price of $52.54, is 1.6%.

Discount retailer TJX Companies (NYSE:TJX) outfitted shareholders with a 21% increase in its quarterly dividend to 11.5 cents per share. The new dividend yield, based on the Feb. 22 closing price of $35.13, is 1.31%.

Equity brokerage firm T. Rowe Price (NASDAQ:TROW) added to shareholders’ accounts with a 10% higher dividend to 34 cents per share. The new payment will be made March 29 to shareholders of record as of March 15. The new dividend yield, based on the Feb. 23 closing price of $61.49, is 2.21%.

Mining giant Yamana Gold (NYSE:AUY) shined up its quarterly dividend 10% to 5.5 cents per share. The new payout will be made on April 13 to shareholders of record as of March 30. The new dividend yield, based on the Feb. 22 closing price of $17.38, is 1.27%.

As of this writing, Jim Woods did not hold a position in any of the aforementioned stocks. For more payout winners, see previous weeks’ lists of Companies Increasing Dividends.

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Article printed from InvestorPlace Media, http://investorplace.com/2012/02/24-companies-increasing-dividends-february-20-24-2012/.

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