24 Companies Increasing Dividends

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

24 Companies Increasing Dividends

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%.

Natural gas transportation firm Markwest Energy Partners  (NYSE:MWE) transported a 1.3% increase in its payment to unitholders to 80 cents per unit. The new distribution will be sent on Aug. 14 to unitholders of record as of Aug. 6. The new dividend yield, based on the July 26 closing price of $51.96, is 6.16%.

Integrated circuit manufacturer Maxim Integrated Products (NASDAQ:MXIM) booted up its quarterly payout 9% to 24 cents per share. The new dividend is payable Sept. 5 to shareholders of record as of Aug. 22. The new dividend yield, based on the July 26 closing price of $26.01, is 3.69%.

Communication devices maker Motorola Solutions (NYSE:MSI) turned up the volume on shareholders with an 18% surge in its quarterly payout to 26 cents per share. The new dividend will be paid on Oct. 15 to shareholders of record as of Sept. 14. The new dividend yield, based on the July 25 closing price of $47.81, is 2.18%. The company also authorized an additional $2 billion in share repurchases.

Diversified energy firm ONEOK (NYSE:OKE) turned up the heat on its quarterly dividend by 8.2% to 33 cents per share. The new dividend is payable Aug. 15 to shareholders of record as of Aug. 6. The new dividend yield, based on the July 25 closing price of $43.36, is 3.04%.

Natural gas partnership Oneok Partners (NYSE:OKS) increased its quarterly cash distribution 8.2% to 66 cents per unit. The new payout will be made Aug. 15 to unitholders of record as of Aug. 6. The new dividend yield, based on the July 26 closing price of $57.27, is 4.61%. ONEOK Partners has increased its distribution by approximately 65% since April 2006, when a wholly owned subsidiary of ONEOK, Inc. became the sole general partner.

Midstream and pipeline natural gas partnership Penn Virginia Resources (NYSE:PVR) processed and delivered a 1.9% boost in its quarterly distribution to 53 cents per unit. The new payout will be made on Aug. 14 to unitholders of record as of Aug. 6. The new dividend yield, based on the July 25 closing price of $11.67, is 1.71%.

Forest resources and timber company Rayonier (NYSE:RYN) cut down enough trees to generate a 10% higher quarterly dividend to 44 cents per share. The new payout will chopped into accounts on Sept. 28 to shareholders of record as of Sept. 14. The new dividend yield, based on the July 23 closing price of $47.19, is 3.73%.

Life and health insurance firm Reinsurance Group of America (NYSE:RGA) issued a new fiscal policy to shareholders, increasing its dividend 33% to 24 cents per share. The new dividend is payable Aug. 31 to shareholders of record as of Aug. 10. The new yield, based on the July 26 closing price of $56.83, is 1.69%.

Metals service center operator Reliance Steel (NYSE:RS) serviced shareholders with a higher quality grade of fiscal steel. The company increased its dividend 67% to 25 cents per share. The new payout will be made Sept. 14 to shareholders of record as of Aug. 17. The new dividend yield, based on the July 26 closing price of $48.10, is 2.08%.

Waste industry giant Republic Services (NYSE:RSG) disposed of its old dividend and replaced it with a new payout that is 7% bigger. The new dividend of 23.5 cents per share is payable Oct. 15 to shareholders of record as of Oct. 1. The new dividend yield, based on the July 26 closing price of $27.22, is 3.45%.

Real estate investment trust Simon Property Group (NYSE:SPG) operates shopping mall outlets across the U.S., and this week it raised the rent it pays to shareholders by 5% to $1.05 per share. The new dividend is payable Aug. 31 to shareholders of record as of Aug. 17. The new dividend yield, based on the July 24 closing price of $157.60, is 2.54%.

Energy infrastructure partnership TCP Pipelines (NYSE:TCP) turned up its quarterly distribution a notch to 78 cents per unit. The new payout represents a 1.3% increase over the prior payment. The new distribution will be sent Aug. 14 to unitholders of record as of Aug. 3. The new dividend yield, based on the July 25 closing price of $44.80, is 6.96%.

Diversified natural gas transport and processing company Williams Partners (NYSE:WPZ) transferred more of its fiscal winnings to unitholders, upping its payout 2% to 79.25 cents per unit. The enhanced payout will be delivered Aug. 10 to unitholders of record as of Aug. 3. The new yield, based on the July 23 closing price of $54.24, is 5.84%.

As of this writing, Jim Woods did not hold a position in any of the aforementioned securities. For more payout winners, see previous weeks’ lists of Companies Increasing Dividends.


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

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