24 Companies Increasing Dividends

by Jim Woods | February 24, 2012 2:09 pm

24 Companies Increasing Dividends

IncreasingDividends 24 Companies Increasing Dividends[1]It’s turning out to be a banner year for dividends, and this week we saw yet another batch of high-profile companies moving to please shareholders with boosted payouts. The latest list of dividend divas includes big pharma, insurance, tech and several big retail firms. 24 companies made it onto our Companies Increasing Dividends[2] list this week:

Pharmaceutical giant Abbott Laboratories (NYSE:ABT[3]) upped the dose on its quarterly dividend by 6.25% to 51 cents per share. The new dividend is payable May 15 to shareholders of record as of April 13. The new dividend yield, based on the Feb. 17 closing price of $56.36 (the day the dividend was announced), is 3.62%.

Insurance stalwart Allstate (NYSE:ALL[4]) raised the premium it pays to shareholders by 4.8% to 22 cents per share. The new dividend is payable April 2 to shareholders of record as of March 5. The new dividend yield, based on the Feb. 21 closing price of $31.56, is 2.79%.

Technology firm Analog Devices (NYSE:ADI[5]) boosted its quarterly payout 20% to 30 cents per share. The new dividend is payable March 28 to shareholders of record as of March 9. The new dividend yield, based on the Feb. 22 closing price of $39.82, is 3.01%.

Car safety equipment maker Autoliv (NYSE:ALV[6]) unbuckled the seat belt on its quarterly payout, increasing its dividend 4.4% to 47 cents per share. The new dividend is payable June 7 to shareholders of record as of May 23. The new dividend yield, based on the Feb. 21 closing price of $67.94, is 2.77%.

Investment management firm Blackrock (NYSE:BLK[7]) put shareholders in the black by upping its dividend 9% to $1.50 per share. The new dividend is payable March 23 to shareholders of record as of March 7. The new dividend yield, based on the Feb. 23 closing price of $197.13, is 3.04%.

Business insurance firm Chubb Corp. (NYSE:CB[8]) raised its quarterly payout by 5.1% to 41 cents per share. The new dividend is payable April 3 to shareholders of record as of March 16. The new dividend yield, based on the Feb. 23 closing price of $68.63, is 2.39%.

Oil and gas exploration firm Cimarex Energy (NYSE:XEC[9]) tapped a new dividend vein, boosting its payout to shareholders 20% to 12 cents per share. The new dividend is payable June 1 to shareholders of record as of May 15. The new dividend yield, based on the Feb. 22 closing price of $83.73, is .57%.

Diversified chemical firm FMC Corp. (NYSE:FMC[10]) went into its fiscal lab and came out with a 20% increase in its quarterly dividend to 18 cents per share. The new payout will be made on April 19 to shareholders of record as of March 30. The new dividend yield, based on the Feb. 17 closing price of $96.62, is 0.75%.

Newspaper publisher Gannett (NYSE:GCI[11]) printed a new edition of its dividend[12], increasing the circulation it pays to shareholders by 150% to 20 cents per share. The new dividend is payable April 2 to shareholders of record as of March 9. The new dividend yield, based on the Feb. 22 closing price of $15.61, is 5.12%.

Auto parts supplier Genuine Parts (NYSE:GPC[13]) restocked shareholders’ shelves with a revved-up 10% increase in its quarterly payout to 49.5 cents per share. The new dividend will be paid April 2 to shareholders of record as of March 9. The new dividend yield, based on the Feb. 21 closing price of $63.81, is 3.10%.

Supplement and health food maker Herbalife (NYSE:HLF[14]) increased the vitality of its quarterly dividend, upping its payment to shareholders by 50% to 30 cents per share. The new dividend will be paid March 22 to shareholders of record as of March 7. The new dividend yield, based on the Feb. 21 closing price of $62.46, is 1.92%.

Mid-price clothing retailer Kohl’s (NYSE:KSS[15]) raised the price it pays to shareholders by 28% to 32 cents per share. The new dividend is payable March 28 to shareholders of record as of March 7. The new dividend yield, based on the Feb. 23 closing price of $49.11, is 2.61%.

Global auto supplier Magna International (NYSE:MGA[16]) drove its payout 10% higher to 27.5 cents per share. The new dividend is payable March 23 to shareholders of record as of March 12. The new dividend yield, based on the Feb. 23 closing price of $45.25, is 2.43%.

Power company NextERA Energy (NYSE:NEE[17]) turned up the dial on its dividend by 9% to 60 cents per share. The new payout will be made on March 15 to shareholders of record as of March 2. The new dividend yield, based on the Feb. 17 closing price of $60.22, is 3.99%.

Luxury retailer Nordstrom (NYSE:JWN[18]) put a new payout in shareholders’ closets, increasing its dividend 17% to 27 cents per share. The new dividend is payable March 15 to shareholders of record as of March 1. The new dividend yield, based on the Feb. 21 closing price of $52.79, is 2.05%.

Oil and gas giant Pioneer Natural Resources (NYSE:PXD[19]) fueled up shareholders’ portfolio by 100% to 4 cents per share. The new dividend is payable April 12 to shareholders of record as of March 30. The new dividend yield, based on the Feb. 23 closing price of $114.70, is 0.14%.

Energy producer Public Service Enterprise Group (NYSE:PEG[20]) 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[21]) 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[22]) 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[23]) 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[24]) 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[25]) 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[26]) 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[27]) 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[2].

Endnotes:
  1. [Image]: http://investorplace.com/hot-topics/companies-increasing-dividends/
  2. Companies Increasing Dividends: http://investorplace.com/hot-topics/companies-increasing-dividends/%20
  3. ABT: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABT
  4. ALL: http://studio-5.financialcontent.com/investplace/quote?Symbol=ALL
  5. ADI: http://studio-5.financialcontent.com/investplace/quote?Symbol=ADI
  6. ALV: http://studio-5.financialcontent.com/investplace/quote?Symbol=ALV
  7. BLK: http://studio-5.financialcontent.com/investplace/quote?Symbol=BLK
  8. CB: http://studio-5.financialcontent.com/investplace/quote?Symbol=CB
  9. XEC: http://studio-5.financialcontent.com/investplace/quote?Symbol=XEC
  10. FMC: http://studio-5.financialcontent.com/investplace/quote?Symbol=FMC
  11. GCI: http://studio-5.financialcontent.com/investplace/quote?Symbol=GCI
  12. printed a new edition of its dividend: http://investorplace.com/2012/02/gannett-gci-to-hike-dividend-use-paywall-system-for-newpapers/
  13. GPC: http://studio-5.financialcontent.com/investplace/quote?Symbol=GPC
  14. HLF: http://studio-5.financialcontent.com/investplace/quote?Symbol=HLF
  15. KSS: http://studio-5.financialcontent.com/investplace/quote?Symbol=KSS
  16. MGA: http://studio-5.financialcontent.com/investplace/quote?Symbol=MGA
  17. NEE: http://studio-5.financialcontent.com/investplace/quote?Symbol=NEE
  18. JWN: http://studio-5.financialcontent.com/investplace/quote?Symbol=JWN
  19. PXD: http://studio-5.financialcontent.com/investplace/quote?Symbol=PXD
  20. PEG: http://studio-5.financialcontent.com/investplace/quote?Symbol=PEG
  21. PSA: http://studio-5.financialcontent.com/investplace/quote?Symbol=PSA
  22. TU: http://studio-5.financialcontent.com/investplace/quote?Symbol=TU
  23. GPS: http://studio-5.financialcontent.com/investplace/quote?Symbol=GPS
  24. THI: http://studio-5.financialcontent.com/investplace/quote?Symbol=THI
  25. TJX: http://studio-5.financialcontent.com/investplace/quote?Symbol=TJX
  26. TROW: http://studio-5.financialcontent.com/investplace/quote?Symbol=TROW
  27. AUY: http://studio-5.financialcontent.com/investplace/quote?Symbol=AUY

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