A ramp-up in earnings releases during the week brought out the heavy hitters on the dividend front — we’re talking some of the biggest names across a number of industries, including Big Oil, consumer technology and banking.
In all, 22 companies made it onto our Companies Increasing Dividends list this week. (Note: All dividend yields are as of April 26.)
Technology giant Apple (NASDAQ:AAPL) raised its quarterly dividend 15% to $3.05 per share, payable May 16 to shareholders of record as of the close of business on May 13.
AAPL Dividend Yield: 2.94%
Midwest utility company American Electric Power (NYSE:AEP) raised its quarterly dividend 4.3% to 49 cents per share, payable June 10 to shareholders of record as of May 10. AEP has now paid cash dividends every quarter since July 1910.
AEP Dividend Yield: 3.87%
Maine-based bank and financial services company Bar Harbor Bankshares (AMEX:BHB) raised its quarterly dividend 7% to 31 cents per share, payable June 14 to shareholders of record on May 15.
BHB Dividend Yield: 3.48%
Chemical products manufacturer Celanese (NYSE:CE) raised its quarterly dividend 20% to 9 cents per share, payable May 16 to stockholders of record as of May 6.
CE Dividend Yield: 0.75%
Integrated energy major Chevron (NYSE:CVX) raised its quarterly dividend 11.5% to $1 per share, payable June 10 to shareholders of record on May 17. The Dependable Dividend Stock has increased its annual dividend payment in 26 consecutive years.
CVX Dividend Yield: 3.33%
High-end mens and womens retailer Coach (NYSE:COH) raised its quarterly dividend 13% to 33.75 per share starting with the dividend to be paid to stockholders in July 2013. Specific payout and ex-dividend dates are not yet available.
COH Dividend Yield: 2.09%
Texas-based financial and bank holding company Cullen/Frost Bankers (NYSE:CFR) raised its quarterly dividend 4% to 50 cents per share, payable June 14 to shareholders of record on May 31.
CFR Dividend Yield: 3.19%
Washington-based bank Columbia Banking System (NASDAQ:COLB) raised its quarterly dividend 25% to 10 cents per share, payable May 22 to shareholders of record as of the close of business on May 8.
COLB Dividend Yield: 1.87%
Maternity-wear designer and retailer Destination Maternity (NASDAQ:DEST) raised its quarterly dividend 7% to 18.75 cents per share, payable June 28 to shareholders of record at the close of business on June 7.
DEST Dividend Yield: 3.23%
American chemicals giant DuPont (NYSE:DD) raised its dividend 5% to 45 cents per share, payable June 12 to shareholders of record as of May 15. DD has paid out dividends on an uninterrupted basis since the fourth quarter of 1904.
DD Dividend Yield: 3.41%
Integrated oil and natural gas titan Exxon Mobil (NYSE:XOM), another Dependable Dividend Stock, increased its dividend 11% to 63 cents per share, payable June 10 to shareholders of record at the close of business on May 13. This is the company’s 31st consecutive annual dividend increase.
XOM Dividend Yield: 2.86%
Oil and gas terminal and transportation company Global Partners, LP (NYSE:GLP) raised its quarterly distribution 2.2% to 58.25 cents per share, payable May 15 to unitholders of record as of the close of business on May 6.
GLP Dividend Yield: 6.63%
Global asset management firm Legg Mason (NYSE:LM) raised its quarterly dividend 18% to 13 cents per share, payable July 8 to shareholders of record as of June 11.
LM Dividend Yield: 1.67%
Automotive sales franchisee Lithia Motors (NYSE:LAD) raised its quarterly dividend 30% to 13 cents per share, payable May 24 to shareholders of record on May 10.
LAD Dividend Yield: 1.06%
Motion and control technology manufacturer Parker-Hannifin (NYSE:PH) raised its quarterly dividend 5% to 45 cents per share, payable June 7 to shareholders of record as of May 10.
PH Dividend Yield: 2.03%
Ohio-based bank and insurance company Peoples Bancorp (NASDAQ:PEBO) raised its quarterly dividend 17% to 14 cents per share, payable May 20 to shareholders of record as of May 6.
PEBO Dividend Yield: 2.8%
Oil and gas logistics manager Sunoco Logistics Partners, LP (NYSE:SXL) raised its quarterly dividend 5% to 57.25 cents per share, payable May 15 to unitholders of record on May 9.
SXL Dividend Yield: 3.57%
“Big Four” financial Wells Fargo (NYSE:WFC) raised its quarterly dividend 20% to 30 cents per share, payable June 1 to shareholders of record on May 10.
WFC Dividend Yield: 3.19%
Maintenance, repair and operating supplies provider W.W. Grainger (NYSE:GWW) raised its quarterly dividend 16% to 93 cents per share, payable June 1 to shareholders of record on May 13. This Dependable Dividend Stock has increased its payout for 42 consecutive years.
GWW Dividend Yield: 1.52%
Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing, he was long AAPL and XOM. For more payout winners, see previous weeks’ lists of Companies Increasing Dividends.
