7 Companies Increasing Dividends

by Marc Bastow | April 5, 2013 12:27 pm

Companies Increasing Dividends[1]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[2] list this week. (Note: All dividend yields are as of April 5):

Arkansas-based financial Bank of the Ozarks (NASDAQ:OZRK[3]) 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[4]) 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[5]), 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[6]) 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[7]) 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[8]) 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[9]) 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.[10]

Dividend Stocks[11]

Endnotes:

  1. [Image]: https://www.investorplace.com/hot-topics/companies-increasing-dividends/
  2. Companies Raising Dividends: https://www.investorplace.com/hot-topics/companies-increasing-dividends/
  3. OZRK: http://studio-5.financialcontent.com/investplace/quote?Symbol=OZRK
  4. BPT: http://studio-5.financialcontent.com/investplace/quote?Symbol=BPT
  5. OXM: http://studio-5.financialcontent.com/investplace/quote?Symbol=OXM
  6. PNC: http://studio-5.financialcontent.com/investplace/quote?Symbol=PNC
  7. ROK: http://studio-5.financialcontent.com/investplace/quote?Symbol=ROK
  8. SKT: http://studio-5.financialcontent.com/investplace/quote?Symbol=SKT
  9. TJX: http://studio-5.financialcontent.com/investplace/quote?Symbol=TJX
  10. Companies Increasing Dividends.: https://www.investorplace.com/hot-topics/companies-increasing-dividends/
  11. Dividend Stocks: https://investorplace.com/stock-types/dividend-stocks/

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