7 Companies Increasing Dividends

by Jim Woods | June 1, 2012 11:49 am

The market was closed on Monday for Memorial Day, and the rest of the week was very slow on the earnings front. These two factors contributed to the relatively low number of companies increasing dividends this week. Still, there were some big names boosting shareholder payouts, including a major electric power generator and a liquefied natural gas giant. Here are seven companies increasing dividends:

Textiles and specialty-fabric maker Albany International (NYSE:AIN[1]) dressed up its dividend cloth, putting on a 7.7% higher quarterly payout, to 14 cents per share. The new dividend is payable July 9 to shareholders of record as of June 7. The new dividend yield, based on the May 25 closing price of $18.72 (the day the dividend was announced), is 2.99%.

Technical and data-center owner Dupont Fabros Technology (NYSE:DFT[2]) has collected a lot of rent from tenants this year, and this week it gave some of that income back to shareholders. The company increased its quarterly payout 25%, to 15 cents per share. The new dividend is payable July 16 to shareholders on record as of July 6. The new dividend yield, based on the May 31 closing price of $25.49, is 2.35%.

Regional electric-utility provider El Paso Electric (NYSE:EE[3]) supplies power to residents in the Rio Grande valley in West Texas and New Mexico. Shareholders of the power provider to this beautiful region of the country saw a 13.6% surge in their quarterly payout, as El Paso raised its dividend to 25 cents per share. The new dividend is payable June 29 to shareholders of record as of June 15. The new dividend yield, based on the May 31 closing price of $30.69, is 3.26%.

Epiq Systems (NASDAQ:EPIQ[4]) provides information-technology services to the legal profession. This week, the company pleaded guilty to funneling more money to shareholders, as it raised its quarterly payout 30%, to 6.5 cents per share. The new fiscal legislation will go into effect Aug. 17 to shareholders of record as of July 16. The new dividend yield, based on the May 30 closing price of $11.13, is 2.34%.

Liquefied natural gas provider Golar LNG Ltd. (NASDAQ:GLNG[5]) opened up the pipeline on its quarterly payout, boosting its dividend 40%, to 35 cents per share. The new dividend will be paid on June 27 to shareholders of record as of June 11. The new dividend yield, based on the May 30 closing price of $34.05, is 4.11%.

Upscale apartment REIT Post Properties (NYSE:PPS[6]) increased the payment it makes to its fiscal tenants, bumping up its quarterly dividend by 13.6%, to 25 cents per share. The new payout will be made July 13 to shareholders of record as June 29. The new dividend yield, based on the May 30 closing price of $47.95, is 2.09%.

Mezzanine financing firm Triangle Capital Corp. (NYSE:TCAP[7]) provides funding to lower middle-market companies. This week, Triangle said it will dole out more capital to shareholders, as it increased its quarterly payout 13.6%, to 50 cents per share. The new payout will be made on June 27 to shareholders of record as of June 13. The new dividend yield, based on the May 30 closing price of $19.80, is 10.10%.

At the time of publication, Jim Woods held no positions in any of the stocks mentioned in this article.

Endnotes:
  1. AIN: http://studio-5.financialcontent.com/investplace/quote?Symbol=AIN
  2. DFT: http://studio-5.financialcontent.com/investplace/quote?Symbol=DFT
  3. EE: http://studio-5.financialcontent.com/investplace/quote?Symbol=EE
  4. EPIQ: http://studio-5.financialcontent.com/investplace/quote?Symbol=EPIQ
  5. GLNG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GLNG
  6. PPS: http://studio-5.financialcontent.com/investplace/quote?Symbol=PPS
  7. TCAP: http://studio-5.financialcontent.com/investplace/quote?Symbol=TCAP

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