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50 Blue-Chip Stocks Increasing Dividends in Q1 2013

These big names now feature even bigger quarterly payouts

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Companies Increasing DividendsWhat a one-two punch for dividend investors!

Many of us worried that 2013 was going to be the beginning of the end; that Congress was going to send income investors to the mat with onerously higher taxes on dividends. But, as it turned out, many were spared, with the 15% level staying for most, and a small increase to 20% for individuals with income levels above $400,000 and families above $450,000.

In addition to that close shave, Wall Street followed up a special-dividend bonanza in last year’s Q4 with a huge spate of blue-chip payout increases for the first quarter of 2013. We’re talking a group of stocks that includes five Dow Jones components, and 14 Dependable Dividend Stocks — companies that have paid out and increased their quarterly checks for a minimum of 25 consecutive years!

Go ahead. Smile a little.

So, if you’re looking for large, more dependable companies that are increasingly using their cash to reward shareholders, this list of 50 blue-chip dividend stocks is a good place to start. Best of all: Several of the stocks listed here have yet to go ex-dividend, giving you time to get in before their first newly fattened payout.

Here’s a look at these 50 companies, including the new payout, the percentage increase, yield based on the end-of-quarter stock price, and payment and record dates:

3M (MMM)
New Payout % increase Yield as of 3/29 Payment Date Record date
$0.635/share 8% 2.39% March 12 Feb. 15

3M (NYSE:MMM) — the maker of Post-It notes and hundreds of other household products that make our everyday lives just a little more convenient — has been one of the best double-threat Dow components of 2013. It has returned 15% year-to-date to top the S&P 500‘s breakneck run and set new all-time highs around $106 currently … and has continued to ratchet up its quarterly dividend to keep pace with its rocketing shares. As of the end of Q1, MMM was yielding a respectable 2.4%.

Agilent Technologies (A)
New Payout % Increase Yield as of 3/29 Payment Date Record Date
$0.12/share 20% 1.14% April 25 April 3
Air Products & Chemicals (APD)
New Payout % Increase Yield as of 3/29 Payment Date Record Date
$0.71/share 11% 3.26% May 13 April 1
Bank of Montreal (BMO)
new payout % increase Yield as of 3/29 payment date record date
$0.74/share 2.7% 4.58% May 28 May 1

Many of you might not know of Bank of Montreal (NYSE:BMO), even though it does have operations in the U.S.. However, if you’re in the dividend world, you should be well aware of the income-producing power of BMO. The company has been named a Top 25 dividend stock in the Canada Stock Channel ”DividendRank” report after yet again padding its payout this past quarter, offering a juicy 4.6% yield.

New Payout % Increase Yield as of 3/29 Payment Date Record Date
$0.23/share 15% 2.93% March 1 Feb. 8
BlackRock (BLK)
New payout % Increase Yield as of 3/29 Payment date Record date
$1.68/share 12% 2.62% March 25 March 7
Broadcom (BRCM)
New Payout % Increase Yield as of 3/29 Payment Date Record Date
$0.11/share 10% 1.27% March 4 Feb. 15
Chubb (CB)
New Payout % Increase Yield as of 3/29 Payment Date Record Date
$0.44/share 7.3% 2.01% April 2 March 15

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