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24 Companies Increasing Dividends

Baxter, CBS, Motorola, Simon Group are top payout performers

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IncreasingDividends 24 Companies Increasing DividendsIt was a huge week on the earnings front, with myriad companies reporting results for the second quarter. Like most earnings seasons, there’s plenty of high-profile beats like Caterpillar (NYSE:CAT) and Whole Foods Market (NYSE:WFM), and plenty of big disappointments like Apple (NASDAQ:AAPL) and Zynga (NASDAQ:ZNGA).

There was also a deluge of companies reporting earnings and alsoannouncing increases in their dividend payment. And saw many companies that didn’t report earnings move to boost shareholder payouts this week. 24 companies made it onto our Companies Increasing Dividends list this week:

Semiconductor equipment maker Altera Corp (NASDAQ:ALTR) integrated its fiscal circuits and processed a 25% increase in its quarterly payout to 10 cents per share. The new dividend will be paid on Sept. 4 to shareholders of record as of Aug. 10. The new dividend yield, based on the July 24 closing price of $30.67, is 1.3%. The company also approved a 10 million share increase to 14.6 million shares in its repurchase program.

Diversified medical devices maker Baxter International (NYSE:BAX) injected a 34% increase to its quarterly payout, which will now be 45 cents per share. The new dividend will be delivered Oct. 1 to shareholders of record as of Sept. 7. The new dividend yield, based on the July 25 closing price of $56.83, is 3.17%. Baxter also approved a new share repurchase program of up to $2 billion of common stock. The company has approximately $450 million of remaining authorization under a previous $2.5 billion share repurchase program.

Oil and chemical maker Calumet Specialty Products (NASDAQ:CLMT) pleased unitholders with a 5.4% higher distribution to 59 cents per unit. The new payout will be greased up Aug. 14 to holders of record as of Aug. 3. The new dividend yield, based on the July 20 closing price of $25.50, is 9.25%.

Television and broadcasting stalwart CBS Corporation (NYSE:CBS) aired a 20% increase in its quarterly payout, bringing it up to 12 cents per share. The new dividend will appear on portfolio screens Oct. 1 to shareholders of record as of Sept. 10. The new yield, based on the July 26 closing price of $32.62, is 1.47%.

Diversified machinery firm Crane Co. (NYSE:CR) lifted its quarterly dividend 8% to 28 cents per share. The new payout will be made on Sept. 11 to shareholders of record as of Aug. 31. The new dividend yield, based on the July 23 closing price of $37.36, is 3%.

Oil and petroleum products transporter Holly Energy Partners (NYSE:HEP) pumped out a 1.7% increase in its quarterly payout to 91 cents per unit. The new distribution will be paid on Aug. 14 to unitholders of record as of Aug. 7. The new dividend yield, based on the July 26 closing price of $62.89, is 5.79%.

Internet services firm IAC Interactive Corp. (NASDAQ:IACI) operates various websites, including online dating site Match.com. The company boosted its dividend match to shareholders by 100% to 24 cents per share. The new payout will go out on a date with shareholders Sept. 1 to owners of record as of Aug. 15. The new dividend yield, based on the July 26 closing price of $53.12, is 1.81%.

International Flavors & Fragrances (NYSE:IFF) makes the odors in beauty care products, detergents and household goods a recently moved to sweeten the smell of its dividend by 9.7% to 34 cents per share. The new fiscal fragrance will be sprayed on Oct. 3 to shareholders of record as of Sept. 19. The new dividend yield, based on the July 24 closing price of $53.33, is 2.55%.

Engineered manufacturing products maker Kennametal Inc. (NSYE:KMT) constructed a 14% boost in its quarterly payout to 16 cents per share. The new payout will be made Aug. 22 to shareholders of record as of Aug. 7. The new dividend yield, based on the July 26 closing price of $35.93, is 1.78%.

Oil distribution giant Magellan Midstream Partners (NYSE:MMP) pumped out a 12% higher distribution to 94.25 cents per unit. The new payout will be made on Aug. 14 to unitholders of record as of Aug. 7. The new dividend yield, based on the July 26 closing price of $77.72, is 4.85%.

Oil refinery operator Marathon Petroleum (NYSE:MPC) raised the octane on its quarterly dividend payment by 40% to 35 cents per share. The new payout will be made on Sept. 10 to shareholders of record as of Aug. 16. The new dividend yield, based on the July 25 closing price of $44.51, is 3.15%.


Article printed from InvestorPlace Media, http://investorplace.com/2012/07/24-companies-increasing-dividends-2/.

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