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8 Companies Increasing Dividends

Ford doubles its payout; GG, HRL among other dividend-hikers

   

IncreasingDividends 8 Companies Increasing DividendsWell, the new year was slow to bring us more generous companies, in part thanks to last week’s holiday-shortened calendar. But we now have a full eight trading days under our belts, and — wouldn’t you know it — eight firms have joined our list of Companies Increasing Dividends. (Note: All new yields are as of Jan. 11 midday prices):

Arkansas-based regional financial Bank of the Ozarks (NASDAQ:OZRK) raised its quarterly dividend 7% to 15 cents per share, payable Jan. 25 to shareholders of record as of Jan. 18. Bank of the Ozarks has increased its quarterly dividend for 10 consecutive quarters.
OZRK Dividend Yield: 1.75%

Royalty trust BP Prudhoe Bay (NYSE:BPT) raised its quarterly distribution 27% to $2.3152 per share, payable Jan. 20 to shareholders of record on Jan. 11.
BPT Dividend Yield: 12.11%

Shopping center and office property real estate investment trust DDR (NYSE:DDR) raised its quarterly dividend 13% to 13.5 cents per share, payable April 2 to shareholders of record at the close of business on March 14.
DDR Dividend Yield: 3.45%

American automaker Ford (NYSE:F) doubled its quarterly dividend to 10 cents per share, payable March 1 to shareholders of record on Jan. 30.
F Dividend Yield: 2.86%

Gold miner Goldcorp (NYSE:GG) raised its monthly dividend 11% to 5 cents per share, payable Jan. 25 to shareholders of record at the close of business on Jan. 17.
GG Dividend Yield: 1.63%

Meat producer Hormel (NYSE:HRL) raised its quarterly dividend 13% to 17 cents per share, payable Feb. 15 to shareholders of record as of Jan. 22. Hormel has paid a regular quarterly dividend without interruption since it became a public company in 1928.
HRL Dividend Yield: 1.98%

California-based Sabra Health Care REIT (NASDAQ:SBRA) raised its quarterly dividend 3% to 34 cents per share, payable Feb. 28 to shareholders of record as of the close of business on Feb. 15.
SBRA Dividend Yield: 5.71%

Self-storage REIT Sovran Self Storage (NYSE:SSS) raised its quarterly dividend 7% to 48 cents per share, payable Jan. 28 to shareholders of record as of Jan. 14.
SSS Dividend Yield: 3.05%

Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing he 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/2013/01/8-companies-increasing-dividends-dec-31-jan-11/.

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