24 Companies Increasing Dividends

BP, Cisco, Lorillard and MasterCard top payout performers

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24 Companies Increasing Dividends

Oil producer Occidental Petroleum (NYSE:OXY) unearthed a 17% increase in its quarterly dividend to 54 cents per share. The new dividend will be paid April 15 to shareholders of record as of March 9. The new dividend yield, based on the Feb. 9 closing price of $104.23, is 2.07%.

Advertising and media firm Omnicom Group (NYSE:OMC) produced a slick new ad for shareholders’ portfolios, bumping up its dividend by 20% to 30 cents per share. The new dividend will be paid on April 2 to shareholders of record as of March 5. The new dividend yield, based on the Feb. 9 closing price of $47.91, is 2.5%.

Corporate staffing giant Robert Half International (NYSE:RHI) has increased the compensation it pays to shareholders by a penny to 15 cents per share. The new dividend will be paid on March 15 to shareholders of record as of Feb. 24. The new dividend yield, based on the Feb. 8 closing price of $29.55, is 2.03%.

The largest real estate company in the U.S., Simon Property Group (NYSE:SPG), decorated shareholders’ homes with a 5.6% increase in its quarterly dividend to 95 cents per share. The new dividend is payable on Feb. 29 to shareholders of record as of Feb. 15. The new dividend yield, based on the Feb. 3 closing price of $138.73, is 2.74%.

Amusement park operator Six Flags Entertainment (NYSE:SIX) took shareholders on a thrill ride, lifting its quarterly payout tenfold to 60 cents per share. The new payout will be issued March 12 to shareholders of record as of March 1. The new dividend yield, based on the Feb. 8 closing price of $43.89, is 5.47%.

Diversified media titan Time Warner (NYSE:TWX) broadcast an 11% increase in its quarterly dividend to 26 cents a share. The newly programmed dividend will be paid on March 15 to shareholders of record as of Feb. 29. The new dividend yield, based on the Feb. 8 closing price of $38.11, is 2.73%.

Package transport giant United Parcel Service (NYSE:UPS) delivered a welcome new dividend to shareholders, increasing its payout by 9.6% to 57 cents per share. The new dividend is payable March 7 to shareholders of record as of Feb. 21. The new dividend yield, based on the Feb. 9 closing price of $76.57, is 2.98%.

Money transfer company Western Union (NYSE:WU) sent a wire to shareholders announcing a 25% increase in its quarterly payout to 10 cents per share. The new dividend will be paid on March 30 to shareholders of record as of March 16. The new dividend yield, based on the Feb. 7 closing price of $19.70, is 2.03%.

Hotel chain Wyndham Worldwide (NYSE:WYN) booked a 53% increase in its quarterly shareholder accommodations to 23 cents per share. The company said the new dividend will be paid in the first quarter of 2012. The new dividend yield, based on the Feb. 8 closing price of $43.42, is 2.12%.

As of this writing, Jim Woods did not hold a position in any of the aforementioned stocks. Check out other companies increasing dividends in past weeks here.

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

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