20 Companies Increasing Dividends

Pepsi, Humana, Suncor Energy top payout performers

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20 Companies Increasing Dividends

Asset management giant Legg Mason (NYSE:LM) knows the value of dividends to shareholders, and this week the company moved to raise its own dividend by 37.5% to 11 cents per share. The new dividend is payable July 9 to shareholders of record as of June 12. The new dividend yield, based on the May 1 closing price of $25.32, is 1.74%.

Employment services firm ManpowerGroup (NYSE:MAN) moved to increase the salary it pays shareholders by nearly 7% to 43 cents per share. The semi-annual dividend is payable on June 15 to shareholders of record as of June 1. The new dividend yield, based on the May 3 closing price of $41.25, is 2.08%.

Markwest Energy Partners L.P. (NYSE:MWE) raised its quarterly distribution 17.9% to 79 cents per unit. The natural gas MLP will pay the new distribution on May 15 to unitholders of record as of May 7. The new dividend yield, based on the April 30 closing price of $60.15, is 5.25%.

Regional energy operator Northeast Utilities (NYSE:NU) turned up the power on its quarterly payout by approximately 17% to 34.3 cents per share. The new payout will be made on June 29 to shareholders of record as of June 1. The new dividend yield, based on the May 2 closing price of $37.03, is 3.70%.

Beverage behemoth PepsiCo (NYSE:PEP) added more fizz to its quarterly dividend, pouring a 4.4% increase to 53.75 cents per share. The new dividend is payable June 29 to shareholders of record as of June 1. The new dividend yield, based on the May 2 closing price of $66.83, is 3.22%.

Cigarette manufacturer Reynolds American (NYSE:RAI) lit up a 5.4% increase in its quarterly payout to 59 cents per share. The new dividend is payable on July 2 to shareholders of record as of June 11. The new dividend yield, based on the May 3 closing price of $40.54, is 5.82%.

Commercial real estate investment trust Simon Property Group (NYSE:SPG) raised the rent it pays shareholder by 5.3% to $1.00 per share. The new payout will be delivered May 31 to shareholders of record as of May 17. The new dividend yield, based on the April 27 closing price of $155.33, is 2.58%.

Canadian oil sands firm Suncor Energy (NYSE:SU) sifted through its fiscal sand and came up with an 18.2% increase in its quarterly payout. The new dividend of 13 cents per share is payable June 25 to shareholders of record as of June 4. The new dividend yield, based on the May 1 closing price of $33.42, is 1.56%.

Rural retailer Tractor Supply Company (NASDAQ:TSCO) plowed a new dividend field, watering shareholders with a 67% increase in its quarterly dividend to 20 cents per share. The new payout will be harvested June 5 by shareholders of record as of May 21. The new dividend yield, based on the May 3 closing price of $98.96, is 0.81%.

Employee benefits provider Unum Group (NYSE:UNM) moved to add a fiscal benefit to shareholders by raising its dividend 23.8% to 13 cents per share. The new dividend is expected to be paid starting in the third quarter. The new dividend yield, based on the May 1 closing price of $23.73, is 2.19%.

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.


Article printed from InvestorPlace Media, http://investorplace.com/2012/05/20-companies-increasing-dividends-may-4/.

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