40 Blue Chips Increasing Dividends in Q3 2012

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40 Blue Chips Increasing Dividends in Q3 2012
Monsanto (MON)
New Payout % Increase Yield as of 10/1 Payment Date Record Date
$0.375/share 25% 1.65% Oct. 26 Oct. 5
Mosaic (MOS)
New Payout % Increase Yield as of 10/1 Payment Date Record Date
$0.25/share 400% 1.74% Aug. 16 Aug. 2

The ag sector was another thriving area for dividend improvements this quarter. Seeds and chemicals firm Monsanto (NYSE:MON), as well as Mosaic (NYSE:MOS) and Potash (NYSE:POT) — which produce phosphates, potash and other agricultural products — all hiked their payouts. But Mosaic was the belle of the dividend ball, injecting a 400% booster shot to its quarterly check.

Motorola Solutions (MSI)
New Payout % Increase Yield as of 10/1 Payment Date Record Date
$0.26/share 18% 2.06% Oct. 15 Sept. 14
Murphy Oil (MUR)
New Payout % Increase Yield as of 10/1 Payment Date Record Date
$0.3215/share 14% 2.33% Sept. 4 Aug. 17
Norfolk Southern (NSC)
New Payout % Increase Yield as of 10/1 Payment Date Record Date
$0.50/share 6.4% 3.14% Sept. 15 Aug. 13

It has been a pretty poor year for railroad operator Norfolk Southern (NYSE:NSC), with shares down more than 12% year-to-date. Things were looking good during the summer, as NSC staged a recovery and announced a slight increase in its dividend, but lowered guidance announced in September took NSC shares off the tracks.

ONEOK (OKE)
New Payout % Increase Yield as of 10/1 Payment Date Record Date
$0.33/share 8.2% 2.73% Aug. 15 Aug. 6
Philip Morris International (PM)
New Payout % Increase Yield as of 10/1 Payment date Record date
$0.85/share 10.4% 3.78% Oct. 11 Sept. 27

Philip Morris (NYSE:PM) continued to catch up with its higher-yielding tobacco brethren this quarter. After its latest increase, PM now is paying out 85 cents a share — an 80%-plus improvement upon its original post-spin-off dividend, resulting in a yield of almost 3.8%.

Potash (POT)
New Payout % Increase Yield as of 10/1 Payment date Record date
$0.21/share 50% 1.93% Nov. 5 Oct. 15
Royal Bank of Canada (RY)
New Payout % Increase Yield as of 10/1 Payment date Record date
$0.60/share 5% 4.21% Nov. 23 Oct. 25
Royal Caribbean (RCL)
New Payout % Increase Yield as of 10/1 Payment date Record date
$0.12/share 20% 1.59% Oct. 9 Sept. 25
Seagate Technology (STX)
New Payout % Increase Yield as of 10/1 Payment date Record date
$0.32/share 28% 4.13% Aug. 29 Aug. 14

Seagate Technology (NASDAQ:STX), a manufacturer of hard-disk drives and other memory products, also ranks among the best-performing stocks through 2012. But in addition to roughly 80% gains in 2012, STX investors also were rewarded with a plumper dividend as of August.

Stanley Black & Decker (SWK)
New Payout % Increase Yield as of 10/1 Payment date Record date
$0.49/share 20% 2.57% Sept. 18 Sept. 7
Toronto-Dominion Bank (TD)
New Payout % Increase Yield as of 10/1 Payment date Record date
$0.77/share 7% 3.72% Oct. 31 Oct. 3
Texas Instruments (TXN)
New Payout % Increase Yield as of 10/1 Payment date Record date
$0.21/share 24% 3.05% Nov. 19 Oct. 31
Williams Cos. (WMB)
New Payout % Increase Yield as of 10/1 Payment date Record date
$0.3125/share 4% 3.57% Sept. 10 Aug. 24
Verizon (VZ)
New Payout % Increase Yield as of 10/1 Payment date Record date
$0.515/share 3% 4.52% Nov. 1 Oct. 10

Telecom giant Verizon (NYSE:VZ) didn’t do much to its dividend, ticking it up a mere 3% in the third quarter, but investors aren’t complaining. For one, Verizon is boasting market-matching 14% gains year-to-date — a nice move for a supposedly no-growth telecom stock. But more important, at 4.5%, Verizon continues to be the second-best-yielding Dow Dividend stock, outdone only by rival AT&T (NYSE:T)

Yum! Brands (YUM)
New Payout % Increase Yield as of 10/1 Payment date Record date
$0.335/share 18% 2.02% Nov. 2 Oct. 12

Kyle Woodley is the assistant editor of InvestorPlace.com. As of this writing, he did not hold a position in any of the aforementioned securities. Follow him on Twitter at @IPKyleWoodley.

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