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25 Companies Increasing Dividends

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

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Natural gas transportation firm El Paso Pipeline Partners, LP (NYSE:EPB) turned up the heat on its quarterly distribution by 11% to 51 cents per unit. The new distribution will be paid May 15 unitholders of record as of May 1. The new dividend yield, based on the April 20 closing price of $33.75, is 6.04%.

Oil behemoth Exxon Mobil (NYSE:XOM) delivered a 21.2% boost in its quarterly dividend payment to 57 cents per share. The new payout will be made on June 11 to shareholders of record as of May 14. The new dividend yield, based on the April 25 closing price of $86.85, is 2.63%. The company has increased its annual dividend every year for the past 30 years.

Computing stalwart International Business Machines (NYSE:IBM) reprogrammed its dividend with a 13% increase to 85 cents per share. The new payout will be coded on June 9 to shareholders of record as of May 10. The new dividend yield, based on the April 24 closing price of $200, is 1.7%. This is the 17th straight year that IBM has increased its quarterly dividend, and the ninth year in a row of double-digit-percent increases.

Consumer products icon Johnson & Johnson (NYSE:JNJ) put a Band-Aid on its quarterly payout, increasing its dividend 7% to 61 cents per share. The new payout will be made on June 12 to shareholders of record as of May 29. The new dividend yield, based on the April 26 closing price of $64.75, is 3.77%.

Printing and document machine maker Lexmark (NYSE:LXK) increased the resolution on its dividend by 4% to 30 cents per share. 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 $30.17, is 3.98%.

Oil and natural gas partnership Linn Energy (NASDAQ:LINE) turned up its distribution dial by 5% to 72.5 cents per unit. The new distribution will be paid on May 15 to unitholders of record as of May 8. The new dividend yield, based on the April 26 closing price of $39.46, is 7.35%.

Petroleum products distributor Magellan Midstream Partners, LP (NYSE:MMP) delivered a 3% increase in its quarterly payout to 84 cents per share. The new dividend is payable May 15 to shareholders of record as of May 8. The new dividend yield, based on the April 24 closing price of $70.53, is 4.76%.

Canadian-based methanol supplier Methanex (NASDAQ:MEOH) turned up the gas on its dividend by 9% to 18.5 cents per share. The new dividend will be paid on June 30 to shareholders of record as of June 16. The new dividend yield, based on the April 26 closing price of $34.07, is 2.17%.

Electronics component company Molex (NASDAQ:MOLX) increased the polarity on its quarterly payout by 10% to 22 cents per share. The new dividend is payable July 25 to shareholders of record as of June 29. The new dividend yield, based on the April 25 closing price of $26.86, is 3.28%.


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

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