12 Companies Increasing Dividends

by Jim Woods | May 11, 2012 12:31 pm

12 Companies Increasing Dividends

IncreasingDividends 12 Companies Increasing Dividends[1]The market has seen some selling over the past couple of weeks, but that hasn’t poisoned the well for companies boosting dividends. This week, we saw another big batch of firms taking steps to boost shareholder value, including a big discount retailer, a giant railroad and one of the largest tech bellwethers in the market. 12 companies made it onto our Companies Increasing Dividends[2] list this week:

Membership discount retailer Costco (NASDAQ:COST[3]) gave its shareholder membership a bonus, upping its quarter payout 14.6% to 27.5 cents per share. The new dividend is payable June 8 to shareholders of record as of May 25. The new dividend yield, based on the May 9 closing price of $82.62 (the day the dividend was announced), is 1.33%.

Railroad giant CSX Corp. (NYSE:CSX[4]) delivered shareholders a 17% increase in its quarterly dividend to 14 cents per share. The new payout will leave the station June 15 to shareholders of record as of May 31. The new dividend yield, based on the May 9 closing price of $21.66, is 2.59%.

Industrial device maker Curtiss-Wright (NYSE:CW[5]) designed a new dividend to shareholders, turning up the dial on its dividend 12.5% to 9 cents per share. The new payout will be made July 13 to shareholders of record as of June 29. The new dividend yield, based on the May 8 closing price of $33.01, is 1.09%.

Logistics company Expeditors International of Washington (NASDAQ:EXPD[6]) drew up a plan to boost its dividend by 12% to 28 cents per share. The new payout will be delivered June 15 to shareholders of record as of June 1. The new dividend yield, based on the May 4 closing price of $39.50, is 1.42%.

Financial data provider FactSet Research Systems (NYSE:FDS[7]) analyzed its books and released a 15% boost in its quarterly payout to 31 cents per share. The new dividend is payable June 19 to shareholders of record as of May 31. The new dividend yield, based on the May 9 closing price of $104.38, is 1.19%.

Chip-giant Intel (NASDAQ:INTC[8]) processed a new 7% larger payout to shareholders of 22.5 cents per share. The new dividend will be paid beginning in the third quarter. The new dividend yield, based on the May 7 closing price of $27.76, is 3.24%. This is Intel’s third dividend increase in the last 18 months.

Chemical maker LyondellBasell Industries (NYSE:LYB[9]) went into its fiscal lab and came out with a 60% increase in its quarterly dividend to 40 cents per share. The new payout will be made on June 11 to shareholders of record as of May 21. The new dividend yield, based on the May 9 closing price of $40.10, is 3.99%.

Hotel chain operator Marriott International (NYSE:MAR[10]) booked a 30% upgrade in its quarterly dividend to 13 cents per share. Shareholders will be able to check in to the new payout on June 22 if they reserve an ownership stake by May 18. The new dividend yield, based on the May 7 closing price of $39.29, is 1.32%.

Safety products maker Mine Safety Applications (NYSE:MSA[11]) moved to ensure the fiscal safety of shareholders by raising its dividend 8% to 28 cents per share. The new dividend yield, based on the May 7 closing price of $42.28, is 2.65%.

Diversified consumer products maker Newell Rubbermaid (NYSE:NWL[12]) opened up a 25% increase in its quarterly payout to 10 cents per share. The new dividend is payable June 15 to shareholders of record as of May 31. The new dividend yield, based on the May 10 closing price of $18.43, is 2.17%.

Nevada power generation company NV Energy (NYSE:NVE[13]) upped the voltage on its quarterly payout by 31% to 17 cents per share. The new dividend is payable June 20 to shareholders of record as of June 5. The new dividend yield, based on the May 9 closing price of $17.03, is 3.99%.

Death care products firm Service Corp. (NYSE:SCI[14]) decorated shareholders’ plots with a 20% increase in its quarterly payout to 6 cents per share. The new payout will be paid July 31 to shareholders of record as of July 13. The new dividend yield, based on the May 9 closing price of $11.71, is 2.05%.

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[2].

Endnotes:
  1. [Image]: http://investorplace.com/hot-topics/companies-increasing-dividends/
  2. Companies Increasing Dividends: http://investorplace.com/hot-topics/companies-increasing-dividends/%20
  3. COST: http://studio-5.financialcontent.com/investplace/quote?Symbol=COST
  4. CSX: http://studio-5.financialcontent.com/investplace/quote?Symbol=CSX
  5. CW: http://studio-5.financialcontent.com/investplace/quote?Symbol=CW
  6. EXPD: http://studio-5.financialcontent.com/investplace/quote?Symbol=EXPD
  7. FDS: http://studio-5.financialcontent.com/investplace/quote?Symbol=FDS
  8. INTC: http://studio-5.financialcontent.com/investplace/quote?Symbol=INTC
  9. LYB: http://studio-5.financialcontent.com/investplace/quote?Symbol=LYB
  10. MAR: http://studio-5.financialcontent.com/investplace/quote?Symbol=MAR
  11. MSA: http://studio-5.financialcontent.com/investplace/quote?Symbol=MSA
  12. NWL: http://studio-5.financialcontent.com/investplace/quote?Symbol=NWL
  13. NVE: http://studio-5.financialcontent.com/investplace/quote?Symbol=NVE
  14. SCI: http://studio-5.financialcontent.com/investplace/quote?Symbol=SCI

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