50 Blue-Chip Stocks Increasing Dividends in Q1 2013
by Kyle Woodley | March 29, 2013 10:25 am
[1]What 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[2] — 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[3]) — 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[4]), 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[5] in the Canada Stock Channel ”DividendRank” report after yet again padding its payout this past quarter, offering a juicy 4.6% yield.
BB&T (BBT)
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 |
Coca-Cola (KO)
new payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.28/share |
10% |
2.77% |
April 1 |
March 15 |
Coca-Cola (NYSE:KO[6]) is the consummate dividend stock. It has boosted its dividend for half a century[7], it continues to provide reliable capital gains year after year, it’s a diversified business with operations in most of the world, and it’s a favorite of legendary value investor Warren Buffett. Finding fault with The Coca-Cola Co. is like trying to find fault with Coca-Cola.
Colgate-Palmolive (CL)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.68/share |
10% |
2.30% |
May 15 |
April 23 |
Comcast (CMCSA)
new payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.78/share |
20% |
1.86% |
April 24 |
April 3 |
Comcast (NASDAQ:CMCSA[8]) — cable operator and parent of NBCUniversal — and the rest of the media sector has been awfully kind to investors as of late. Comcast itself has improved a clean 40% over the past 52 weeks, and will enter Q2 with a slightly sweetened dividend.
Deere (DE)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.51/share |
11% |
2.37% |
May 1 |
March 28 |
Devon Energy (DVN)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.22/share |
10% |
1.56% |
June 28 |
June 14 |
Dr Pepper Snapple (DPS)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.38/share |
12% |
3.24% |
April 5 |
March 15 |
Family Dollar (FDO)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.26/share |
24% |
1.76% |
April 15 |
March 15 |
Fifth Third Bancorp (FITB)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.11/share |
10% |
2.70% |
April 18 |
March 29 |
Ford (F)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.10/share |
100% |
3.04% |
March 1 |
Jan. 30 |
That beeping sound is the dump trucks full of money backing into Ford (NYSE:F[9]) shareholder driveways across the U.S. The automaker’s continued resurgence since summer of 2012 — that has included a 45% run-up in shares — led to a doubling of the company’s dividend in January, paid out for the first time at the beginning of this month.
Franklin Resources (BEN)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.29/share |
7% |
0.77% |
April 12 |
March 28 |
General Dynamics (GD)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.56/share |
10% |
3.18% |
May 10 |
April 12 |
General Mills (GIS)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.33/share |
15% |
2.68% |
May 1 |
April 10 |
General Mills (NYSE:GIS[10]) is one of the shining examples of how good times have been for consumer staples[11]. The Minnesota-based maker of Cheerios — not to mention top name brands like Green Giant, Betty Crocker, Yoplait and Pillsbury — has cruised to all-time highs this year thanks to a 22% run. Now, shareholders will get a big boost in the quarterly payout come May.
Genuine Parts (GPC)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.5375/share |
8.6% |
2.76% |
April 1 |
March 8 |
Goldcorp (GG)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.05/share |
11% |
1.78% |
Jan. 25 |
Jan. 17 |
Halliburton (HAL)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.125/share |
39% |
1.24% |
March 27 |
March 6 |
Hewlett-Packard (HPQ)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.1452/share |
10% |
2.21% |
TBA |
TBA |
You can’t really be too positive about Hewlett-Packard (NYSE:HPQ[12]). After all, the comp …
… oh wait. It’s 2013, not 2012. And — at least for now — it’s a whole new ballgame for the previously struggling tech giant. HPQ has rebounded from years of losses, including a 45% haircut in 2012, with a 67% run in Q1 2013 that has put it among the 10 best S&P 500 stocks[13] for the quarter. Now, shareholders will have some extra income to go along with those big capital returns.
HollyFrontier (HFC)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.30/share |
50% |
2.33% |
April 2 |
March 15 |
Hormel (HRL)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.17/share |
13% |
1.65% |
Feb. 15 |
Jan. 22 |
Kansas City Southern (KSU)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.215/share |
10% |
0.78% |
April 3 |
March 11 |
Kinder Morgan (KMI)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.37/share |
19% |
3.83% |
Feb. 15 |
Jan. 31 |
Kimberly-Clark (KMB)
New Payout |
% Increase |
Yield as of 3/29 |
Payment Date |
Record Date |
$0.81/share |
9.5% |
3.31% |
April 2 |
March 8 |
KKR (KKR)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.70/share |
191.67% |
6.31% |
March 7 |
Feb. 14 |
Take a bow, KKR (NYSE:KKR[14]) — you made what easily was one of the biggest dividend splashes of Q1. The global investment firm puffed its chest after improving earnings from $1.92 million in 2011 to $560 million in 2012, opting to nearly triple its dividend this past quarter. KKR now yields a mouth-watering 6%-plus.
Limited Brands (LTD)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.30/share |
20% |
2.69% |
March 8 |
Feb. 22 |
Lorillard (LO)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.55/share |
6.5% |
5.45% |
March 11 |
March 1 |
MasterCard (MA)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.60/share |
100% |
0.44% |
May 9 |
April 9 |
Another big dividend splash came from the payment processor front, with credit card giant MasterCard (NYSE:MA[15]) doubling its dividend to 60 cents quarterly. MasterCard, Visa (NYSE:V[16]) and the rest of the industry’s big names have surged out of the Great Recession amid an explosion in global credit transactions, with MA itself posting an average of 40% gains annually in the past three years.
Mattel (MAT)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.36/share |
16.1% |
3.29% |
March 8 |
Feb. 22 |
McGraw-Hill (MHP)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.28/share |
9.8% |
2.15% |
March 12 |
Feb. 26 |
Nordstrom (JWN)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.30/share |
11% |
2.17% |
March 22 |
March 11 |
Occidental Petroleum (OXY)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.64/share |
18.5% |
3.27% |
April 15 |
March 8 |
PepsiCo (PEP)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.5375/share |
5.56% |
2.72% |
March 29 |
March 1 |
Just like its rival Coca-Cola, PepsiCo (NYSE:PEP[17]) is an all-around threat of solid dividend income, capital gains and a business you can believe in for more of the same. The company has improved a market-beating 15% year-to-date, and the diversified maker of beverages and snacks is attacking on a number of fronts, including updates and ad pushes to its classic Pepsi soft drink line.
Potash Corp. of Saskatchewan (POT)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.28/share |
33% |
2.85% |
May 2 |
April 11 |
Qualcomm (QCOM)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.35/share |
40% |
1.49% |
TBA |
TBA |
Qualcomm‘s (NASDAQ:QCOM[18]) yield has never been much to crow about, but the company’s dividend has come a long way since its initial 2.5-cent payout in 2003. The most recent increase is one of its biggest in years, and comes as the company’s stock once again tries to attack all-time highs set in spring 2012.
Raytheon (RTN)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.55/share |
18% |
3.74% |
May 2 |
April 3 |
Sherwin-Williams (SHW)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.50/share |
28% |
1.18% |
March 8 |
Feb. 25 |
SunTrust (STI)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.10/share |
100% |
1.38% |
TBA |
TBA |
The fed’s most recent stress-test results looked favorably upon a number of banks that subsequently jacked up their payouts, and large regional SunTrust (NYSE:STI[19]) is among those ranks. STI announced a 50% improvement to its dividend to 10 cents — its second increase since its payout declined from a high of 77 cents quarterly to 1 cent during the financial crisis.
Texas Instruments (TXN)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.28/share |
33% |
3.16% |
May 20 |
April 30 |
UPS (UPS)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.62/share |
8.8% |
2.89% |
March 12 |
Feb. 25 |
Walmart (WMT)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.47/share |
18% |
2.51% |
April 1 |
March 12 |
For all the concerns of the effect of the payroll tax holiday expiration, higher gas prices and other economic worries, Walmart (NYSE:WMT[20]) has done all right for itself, gaining 10% year-to-date and 23% in the past year. The company recently announced better-than-expected earnings[21] and provided a substantial kick to the dividend.
Waste Management (WM)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.365/share |
18% |
3.72% |
March 22 |
March 11 |
WellPoint (WLP)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.375/share |
30% |
2.26% |
March 25 |
March 8 |
Wells Fargo (WFC)*
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.30/share |
20% |
2.70% |
TBA |
TBA |
$0.25/share |
14% |
— |
March 1 |
Feb. 1 |
*Wells Fargo increased its dividend twice during the period |
The bank’s so nice, it rewarded shareholders twice! That’s right, Wells Fargo (NYSE:WFC[22]) — which has solidified its books since the financial crisis and been aided by an improving housing market — announced two payout increases during the past three months, stretching its payout from an original 22 cents last year to 30 cents in the upcoming quarter — good for a combined 36% improvement!
Williams-Sonoma (WSM)
New Payout |
% Increase |
Yield as of 3/29 |
Payment date |
Record date |
$0.31/share |
41% |
2.41% |
May 24 |
April 26 |
Kyle Woodley[23] is the Deputy Managing Editor of InvestorPlace.com[24]. As of this writing, he did not hold a position in any of the aforementioned securities. Follow him on Twitter at @IPKyleWoodley[25].
Endnotes:
- [Image]: https://investorplace.com/hot-topics/companies-increasing-dividends/
- Dependable Dividend Stocks: https://investorplace.com/dividend-paying-stocks/
- MMM: http://studio-5.financialcontent.com/investplace/quote?Symbol=MMM
- BMO: http://studio-5.financialcontent.com/investplace/quote?Symbol=BMO
- has been named a Top 25 dividend stock: http://www.forbes.com/sites/dividendchannel/2013/03/25/bank-of-montreal-named-top-25-dividend-stock-with-4-63-yield/
- KO: http://studio-5.financialcontent.com/investplace/quote?Symbol=KO
- boosted its dividend for half a century: https://investorplace.com/2013/03/10-steady-eddie-dividend-payers-for-your-porftolio-pg-gpc-mmm-ko-cl-jnj/
- CMCSA: http://studio-5.financialcontent.com/investplace/quote?Symbol=CMCSA
- F: http://studio-5.financialcontent.com/investplace/quote?Symbol=F
- GIS: http://studio-5.financialcontent.com/investplace/quote?Symbol=GIS
- how good times have been for consumer staples: http://slant.investorplace.com/2013/03/kmb-ko-cag-consumer-staples/
- HPQ: http://studio-5.financialcontent.com/investplace/quote?Symbol=HPQ
- the 10 best S&P 500 stocks: https://investorplace.com/2013/03/10-best-sp-500-stocks-of-q1/
- KKR: http://studio-5.financialcontent.com/investplace/quote?Symbol=KKR
- MA: http://studio-5.financialcontent.com/investplace/quote?Symbol=MA
- V: http://studio-5.financialcontent.com/investplace/quote?Symbol=V
- PEP: http://studio-5.financialcontent.com/investplace/quote?Symbol=PEP
- QCOM: http://studio-5.financialcontent.com/investplace/quote?Symbol=QCOM
- STI: http://studio-5.financialcontent.com/investplace/quote?Symbol=STI
- WMT: http://studio-5.financialcontent.com/investplace/quote?Symbol=WMT
- recently announced better-than-expected earnings: https://investorplace.com/2013/02/walmart-hardly-a-total-disaster-but-worries-remain/
- WFC: http://studio-5.financialcontent.com/investplace/quote?Symbol=WFC
- Kyle Woodley: https://www.investorplace.com/author/kyle-woodley/
- InvestorPlace.com: https://investorplace.com/
- @IPKyleWoodley: https://twitter.com/#%21/ipkylewoodley
- Dividend Stocks: https://investorplace.com/stock-types/dividend-stocks/
Source URL: https://investorplace.com/2013/03/50-blue-chip-stocks-increasing-dividends-in-q1-2013/