50 Blue-Chip Stocks Increasing Dividends in Q1 2013

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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.

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) is the consummate dividend stock. It has boosted its dividend for half a century, 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) — 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) 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) is one of the shining examples of how good times have been for consumer staples. 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). 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 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) — 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) doubling its dividend to 60 cents quarterly. MasterCard, Visa (NYSE:V) 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) 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) 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) 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) 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 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) — 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 is the Deputy Managing 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.


Article printed from InvestorPlace Media, https://investorplace.com/2013/03/50-blue-chip-stocks-increasing-dividends-in-q1-2013/.

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