25 Companies Increasing Dividends

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

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25 Companies Increasing Dividends

Oilfield services firm Oceaneering International (NYSE:OII) serviced shareholders with a 20% increase in its quarterly payout to 20 cents per share. The new dividend is payable June 20 to shareholders of record as of June 1. The new dividend yield, based on the April 26 closing price of $50.68, is 1.42%.

Truck manufacturer Paccar Inc. (NASDAQ:PCAR), maker of the Kenworth and Peterbilt brands, trucked in a bigger dividend to shareholders. The new payment of 20 cents per share represents an 11.1% bigger payload to investors. The new dividend will be delivered June 5 to shareholders of record as of May 18. The new dividend yield, based on the April 25 closing price of $42.58, is 1.88%.

Motion control and technology systems maker Parker-Hannifin (NYSE:PH) loosened the fiscal controls on its dividend, boosting its payout 5% to 41 cents per share. The new dividend will be paid June 1 to shareholders of record as of May 10. The new dividend yield, based on the April 24 closing price of $87.96, is 1.86%.

Refined petroleum transport products firm Sunoco Logistics Partners, LP (NYSE:SXL) refined its quarterly payout to 42.75 cents per share. The new distribution represents a 1.8% increase in the company’s quarterly payout. The increased distribution will be paid May 15 to unitholders of record as of May 9. The new dividend yield, based on the April 25 closing price of $39.04, is 4.38%.

Energy company UGI Corp. (NYSE:UGI) raised its quarterly dividend 4% to 27 cents per share. The new dividend is payable July 1 to shareholders of record as of June 15. The new dividend yield, based on the April 24 closing price of $26.67, is 4.05%.

Light pole maker Valmont Industries (NYSE:VMI) illuminated shareholders with a bright new 25% increase in its quarterly dividend to 22.5 cents per share. The new payout will be made on July 16 to shareholders of record as of June 29. The new dividend yield, based on the April 24 closing price of $122.81, is 0.73%.

Diversified natural gas MLP Williams Partners, LP (NYSE:WPZ) raised its quarterly payout to 8.4% to 77.75 cents per unit. The new distribution is payable on May 11 to unitholders of record as of May 4. The new dividend yield, based on the April 23 closing price of $54.59, is 5.7%.

Maintenance and repair supplies distributor W.W. Grainger (NYSE:GWW) outfitted shareholders with a 21% increase in its payout to 80 cents per share. The new dividend will be paid June 1 to shareholders of record May 14. The new dividend yield, based on the April 26 closing price of $209.46, is 1.53%.

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.

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

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