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6 Companies Increasing Dividends

Two banks able to increase dividends after passing stress tests


Companies Increasing DividendsWith the Dow soaring to new record highs, it’s also nice to see companies continuing to raise their dividends to reward shareholders. Although a bit of a slow week, a couple financial stocks and some REITs managed to increase their payouts.

In all, 6 companies made it onto our list of Companies Increasing Dividends this week. (Note: All dividend yields are as of March 15.)

Single-tenant commercial real estate investment trust CapLease (NYSE:LSE) raised its quarterly dividend 3% to 7.75 cents per share, payable on April 15 to stockholders of record on April 4.
LSE Dividend Yield: 5.02%

Mutual fund and global investment company Franklin Resources (NYSE:BEN) raised its quarterly dividend 7% to 29 cents per share, payable on April 12 to stockholders of record holding shares of common stock on March 28.
BEN Dividend Yield: 0.77%

Freestanding retail property REIT Realty Income (NYSE:O) raised its monthly dividend 1.7% to 18.13 cents per share, payable on April 15 to shareholders of record on April 1. This is the 71st dividend increase since Realty Income went public in 1994.
O Dividend Yield: 4.88%

Atlanta-based commercial bank holding company SunTrust (NYSE:STI) raised its quarterly dividend 50% to 10 cents per share, to be paid on a date-to-be announced during the second quarter of 2013.
STI Dividend Yield: 1.38%

Real estate underwriting and investment trust company W.P. Carey (NYSE:WPC) raised its quarterly dividend 24% to 82 cents per share, payable on April 15 to shareholders of record as on March 28. This marks Carey’s 48th consecutive dividend increase.
WPC Dividend Yield: 4.93%

Financial titan Wells Fargo (NYSE:WFC) raised its quarterly dividend 20% to 30 cents per share. The dividend will be paid out during the second quarter of 2013; the exact date was not announced.
WFC Dividend Yield: 3.17%

Marc Bastow is an Assistant Editor at As of this writing he does not hold a position in any of the aforementioned securities. For more payout winners, see previous weeks’ list of Companies Increasing Dividends.

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