25 Companies Increasing Dividends

Exxon, J&J and IBM top this week’s payout performers

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25 Companies Increasing Dividends

IncreasingDividends 25 Companies Increasing DividendsIf there were any residual doubt left that the first-quarter earnings season would be a great one for dividend investors, this week’s plethora of payout performers should erase any of those concerns. Companies in the technology, oil, energy, consumer staples and even high-end retail sector had strong dividend showings this week, proving that the return of profits to shareholders continues to thrive.

All told, 25 companies made it onto our Companies Increasing Dividends list this week:

The nation’s largest propane marketer, AmeriGas Partners, LP (NYSE:APU), opened up its fiscal valves and increased its distribution 5% to 80 cents per unit. The new distribution is payable May 18 to unitholders of record May 10. The new dividend yield, based on the April 23 closing price of $38.81 (the day the dividend was announced), is 8.25%.

Broker dealer Ameriprise Financial (NYSE:AMP) boosted its quarterly payout 25% to 35 cents per share. The new dividend yield, based on the April 23 closing price of $52.84, is 2.65%. The dividend increase was the third for the company since February 2011.

Holding company and industry services firm BOK Financial (NASDAQ:BOKF) raised its quarterly payout 15.2% to 38 cents per share. The new dividend is payable May 29 to shareholders of record as of May 15. The new dividend yield, based on the April 25 closing price of $56.36, is 2.70%.

Technology and specialty materials firm Celanese (NYSE:CE) mixed up a 25% increase in its quarterly payout, boosting its dividend to 7.5 cents per share. The new dividend will be paid beginning in August. The new dividend yield, based on the April 23 closing price of $47.12, is 0.64%.

Oil giant Chevron (NYSE:CVX) dug deep into its fiscal wells and unearthed an 11.1% increase in its quarterly dividend to 90 cents per share. The new dividend will start being paid in June. The new dividend yield, based on the April 25 closing price of $103.85, is 3.47%. The company also announced it purchased $1.25 billion of its common stock in the first quarter 2012 under its share repurchase program.

Luxury accessories and handbag retailer Coach (NYSE:COH) dressed up shareholders with a 33% increase in its quarterly payout to 40 cents per share. The new dividend will start being paid in July. The new dividend yield, based on the April 24 closing price of $71.87, is 1.67%.

Financial holding company Cullen/Frost Bankers (NYSE:CFR) added two pennies per share to its quarterly payout. The new dividend of 48 cents per share is a 4.3% increase in the company’s payout. The new dividend is payable June 15 to shareholders of record as of June 1. The new dividend yield, based on the April 26 closing price of $58.54, is 3.28%.

Chemical and industrial products behemoth DuPont (NYSE:DD) raised its quarterly payout 5% to 43 cents per share. The new payout will be delivered on June 12 to shareholders of record as of May 15. The new dividend yield, based on the April 25 closing price of $53.80, is 3.2%. The latest dividend is the company’s 431st consecutive quarterly dividend payment.

 
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Article printed from InvestorPlace Media, http://investorplace.com/2012/04/25-companies-increasing-dividends/.

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