24 Companies Increasing Dividends

BP, Cisco, Lorillard and MasterCard top payout performers

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24 Companies Increasing Dividends

IncreasingDividends 24 Companies Increasing DividendsWe witnessed one of the biggest weeks ever in terms of the number of marquee-name companies increasing dividends. This week’s list of payout performers was as diverse as it has been in recent memory. The names also represent some of the biggest, most respected and most profitable companies operating today.

24 companies made it onto our Companies Increasing Dividends list this week:

Diversified industrial and personal products maker 3M (NYSE:MMM) manufactured a 7% increase in its quarterly payout to 59 cents per share. The new dividend is payable on March 12 to shareholders of record as of Feb. 17. The new dividend yield, based on the Feb. 7 closing price of $87.89, is 2.69%.

Video game publisher Activision Blizzard (NASDAQ:ATVI) made a Call of Duty to shareholders, blasting its dividend higher by 9% to 18 cents per share. The new dividend is payable May 16 to shareholders of record as of March 21. The new dividend yield, based on the Feb. 9 closing price of $12.66 (the day the company announced the dividend), is 1.42%. Activision’s board also authorized a stock repurchase program for up to $1 billion of shares effective April 1.

Oil and gas exploration and production giant Apache (NYSE:APA) pumped out a 13% increase in its quarterly payout to 17 cents per share. The new payout will be made on May 22 to shareholders of record on April 23. The new dividend yield, based on the Feb. 9 closing price of $106.68, is 0.64%.

Oil behemoth BP plc (NYSE:BP) pumped a 14% higher payout to shareholders, upping its quarterly dividend to 8 cents per share. The new dividend yield, based on the Feb. 8 closing price of $46.97, is 4.09%. The hike in the quarterly dividend is the first increase since BP resumed paying dividends a year ago.

The maker of Arm & Hammer baking soda, Church & Dwight (NYSE:CHD), freshened its payout to shareholders, raising its quarterly dividend 41% to 24 cents. The new dividend is payable March 1 to shareholders of record as of Feb. 21. The new dividend yield, based on the Feb. 7 closing price of $47.63, is 2.02%.

Computer networking stalwart Cisco Systems (NASDAQ:CSCO) connected shareholders with a 33% increase in its quarterly payout to 8 cents per share. The new payout will be made on April 25 to shareholders of record as of April 5. The new dividend yield, based on the Feb. 8 closing price of $20.43, is 1.57%.

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

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