With the first quarter ended and the start of earnings season just around the corner, an uptick in dividend activity might’ve been expected — and we got it. Included in the most recent group were a big technology giant, a couple regional banks and a pair of retailers.
In all, 7 companies managed to make our Companies Raising Dividends list this week. (Note: All dividend yields are as of April 5):
Arkansas-based financial Bank of the Ozarks (NASDAQ:OZRK) raised its quarterly dividend to 13.3% to 17 cents per share, payable April 19 to shareholders of record as of April 12. OZRK has increased its dividend in 11 consecutive quarters.
OZRK Dividend Yield: 1.63%
Minerals royalty trust BP Prudhoe Bay (NYSE:BPT) raised its quarterly dividend 4% to $2.4175 per share. No dividend dates had been posted as of this writing.
BPT Dividend Yield: 10.73%
Apparel company Oxford Industries (NYSE:OXM), which includes the Tommy Bahama and Lily Pulitzer brands, raised its quarterly dividend 20% to 18 cents per share, payable May 3 to shareholders of record as of April 19.
OXM Dividend Yield: 1.33%
Regional bank PNC (NYSE:PNC) raised its quarterly dividend 10% to 44 cents per share payable on May 5 to shareholders of record at the close of business April 16.
PNC Dividend Yield: 2.72%
Industrial automation power and control solutions provider Rockwell Automation (NYSE:ROK) increased its dividend 11% to 52 cents per share, payable June 10 to shareholders of record as of May 13.
ROK Dividend Yield: 2.38%
Outlet shopping center real estate investment trust Tanger (NYSE:SKT) raised its quarterly dividend 7.91% to 22.5 cents per share, payable on May 15 to shareholders of record on April 30. This marks Tanger’s 20th consecutive year of dividend increases.
SKT Dividend Yield: 2.42%
Off-price apparel and home fashions retailer TJX Cos. (NYSE:TJX) raised its quarterly dividend 26% to 14.5 cents per share, payable June 6 to shareholders of record on May 16. This is the 17th consecutive year in which TJX has increased its dividend.
TJX Dividend Yield: 1.24%
Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing he did not hold a position in any of the aforementioned securities. For more payout winners, see previous weeks’ list of Companies Increasing Dividends.