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18 Companies Increasing Dividends

Murphy Oil, Norfolk Southern, Seagate top payout performers

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Petroleum products and fertilizer maker CVR Partners LP (NYSE:UAN) moved to increase the largess it pays to unitholders by 14.8% to 60 cents per unit. The new distribution will be delivered on Aug. 14 to unitholders of record as of Aug. 7. The new dividend yield, based on the July 27 closing price of $24.96, is 9.62%.

Diversified manufacturing firm Dover Corp (NYSE:DOV) manufactured an 11% bigger payout to shareholder of 35 cents per share. The new payment will show up in shareholder accounts on Sept. 15 to owners of record as of Aug. 31. The new dividend yield, based on the Aug. 2 closing price of $53.57, is 2.61%.

Enbridge Energy Partners LP (NYSE:EEP) operates a portfolio of oil and natural gas concerns, and the success of those operations allowed Enbridge to increase its payment to unitholders by 2.1% to 54.35 cents per unit. The new distribution is payable on Aug. 14 to unitholders of record on Aug. 7. The new dividend yield, based on the Aug. 1 closing price of $29.83, is 7.27%.

Online travel website Expedia (NASDAQ:EXPE) booked a huge 44.4% increase in its quarterly dividend accommodations to 13 cents per share. The new payment will take effect beginning next quarter. The new dividend yield, based on the July 30 closing price of $56.12, is 0.93%. Expedia shares soared after the company also reported earnings that handily beat estimates.

Commercial property REIT Federal Realty Investment Trust (NYSE:FRT) increased the quarterly payment on its shares by 5.8% to 73 cents per share. The new payout will begin Oct. 15 to shareholders of record as of Sept. 21. The new dividend yield, based on the Aug. 2 closing price of $107.15, is 2.73%. The increase represents the 45th consecutive year that Federal Realty has increased its common dividend, and that represents the longest record of consecutive annual dividend increases in the REIT sector.

Global REIT General Growth Properties (NYSE:GGP) operates retail malls in the U.S. and Brazil, and this week the company opened its pocketbook and increased its dividend 10% to 11 cents per share. The new dividend is payable Oct. 29 to shareholders of record as of Oct. 15. The new dividend yield, based on the Aug. 2 closing price of $18.52, is 2.38%.

Petroleum exploration and processing firm Murphy Oil (NYSE:MUR) refined shareholder accounts with a payment increase of 14%. The new quarterly dividend of 31.25 cents a share will be paid Sept. 4 to shareholders of record as of Aug. 17. The new dividend yield, based on the Aug. 1 closing price of $54.40, is 2.3%.

Railroad operator Norfolk Southern (NYSE:NSC) kept its quarterly payout on the right track, increasing its dividend 6.4% to 50 cents per share. The new dividend will be in shareholder boxcars on Sept. 15 if they own the stock by Aug. 13. The new dividend yield, based on the Aug. 1 closing price of $73.31, is 2.73%.

Hard-drive maker Seagate Technology (NASDAQ:STX) had a hard time of things on the earnings front, just slightly missing analyst expectations. The company did, however, boot up a 28% increase in its quarterly dividend payment to 32 cents per share. The new dividend is payable Aug. 29 to shareholders of record as of Aug. 14. The new dividend yield, based on the July 30 closing price of $30.43, is 4.21%.

Oil, pipeline and acquisition partnership Sunoco Logistics Partners LP (NYSE:SXL) pumped out a 10% higher quarterly distribution to unitholders of 47 cents per unit. The new payment will be put in unitholders’ tanks on Aug. 14 to owners of record on Aug. 8. The new dividend yield, based on the Aug. 2 closing price of $40.11, is 4.69%.

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/2012/08/18-companies-increasing-dividends-jul-30-aug-3/.

©2014 InvestorPlace Media, LLC

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