9 Companies Increasing Dividends

Retailers, financials lead the way in dividend increases this week

   

Companies Increasing DividendsNow that we’re back into the swing of the earning season, many expect an increased numbers of companies raising dividends … and this past week delivered. Several retailers helped lead the way, along with two financials and two energy-related companies.

In all, 9 companies made it onto our Companies Increasing Dividends list this week. (Note: all dividend yields as of 12:00 p.m.)

Independent investment company BlackRock (NYSE:BLK) raised its quarterly dividend 12% to $1.68 per share payable March 25 to shareholders of record at the close of business on March 7.
Dividend Yield: 2.58%

Oil and gas reservoir management services provider Core Laboratories (NYSE:CLB) raised its quarterly dividend 14.2% to 32 cents per share payable on Feb. 2, to shareholders of record on Jan. 22.
Dividend Yield: 1.13%

Regional bank holding company Enterprise Bancorp (NASDAQ:EBTC) raised its quarterly dividend 4.5% to 11.5 cent per share payable on March 1 to shareholders of record as of Feb. 8.
Dividend Yield: 2.75%

General merchandise discount retailer Family Dollar (NYSE:FDO) raised its quarterly dividend 24% to 26 cents per share effective with the declaration of the next quarterly dividend.
Dividend Yield: 1.44%

Premium sports equipment retailer Finish Line (NASDAQ:FINL) raised its quarterly dividend 17% to 7 cents per share payable March 18 to shareholders of record as of March 1.
Dividend Yield: 1.56%

Energy transportation and distribution company Kinder Morgan (NYSE:KMI) raised its quarterly dividend 19% to 37 cents per share payable on Feb. 15, to shareholders of record as of Jan. 31.
Dividend Yield: 3.98%

Energy services company Oneok Partners (NYSE:OKE) raised its quarterly dividend 9% to 36 cents per share payable Feb. 14, to shareholders of record at the close of business Jan. 31. Since January of 2006, the company has increased its dividend 15 times, representing a 157% increase during that period.
Dividend Yield: 3.08%

Container board and paper packaging company Packing Corporation of America (NYSE:PKG) raised its quarterly dividend 25% to 31.25 cents per share payable on April 15, to shareholders of record as of March 15.
Dividend Yield: 3.14%

Diversified utility and energy company Wisconsin Energy (NYSE:WEC) raised its quarterly dividend 13% to 34 cents per share payable March 1, 2913 to stockholders of record on February 14, 2013.
Dividend Yield: 3.58%

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’ list of Companies Increasing Dividends.


Article printed from InvestorPlace Media, http://investorplace.com/2013/01/9-companies-increasing-dividends-6-blk-clb-ebtc-fdo-finl-wec/.

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