9 Companies Increasing Dividends

by Marc Bastow | April 12, 2013 2:05 pm

With earnings season officially underway after Alcoa (NYSE:AA[1]) reported to start the week, it’s also time to watch as more companies come out with dividend increases to reward shareholders.

[2]Kicking off the week was a diverse crew of businesses, from a few energy MLPs to one of the biggest names in hamburgers. In all, 9 companies made it onto our Companies Increasing Dividends[3] list this week. (Note: All dividend yields are as of April 12.)

Global financial services company Bank of New York Mellon (NYSE:BK[4]) raised its quarterly dividend 15% to 15 cents per share, payable May 7 to shareholders of record on April 29.
BK Dividend Yield: 2.11%

Fast-food chain Burger King (NYSE:BKW[5]) raised its quarterly dividend 20% to 6 cents per share, payable May 15 to shareholders of record on May 1, with an ex-dividend date of April 29.
BKW Dividend Yield: 1.25%

Natural gas operator Enterprise Products Partners LP (NYSE:EPD[6]) raised its quarterly distribution 1.5% to 67 cents per share, payable May 7 to unitholders of record on April 30.
EPD Distribution Yield: 4.42%

Industrial and construction supplies retailer Fastenal (NASDAQ:FAST[7]) raised its quarterly dividend 100% to 20 cents per share, payable May 30 to shareholders of record on May 2.
FAST Dividend Yield: 1.65%

Adhesives manufacturer and distributor H.B. Fuller (NYSE:FUL[8]) raised its quarterly dividend 18% to 10 cents per share, payable May 9 to shareholders of record on April 25. This marks the 44th consecutive annual increase in the company dividend.
FUL Dividend Yield: 1.04%

Pump, flow meter and fluidics systems manufacturer IDEX (NYSE:IEX[9]) raised its quarterly dividend 15% to 23 cents per share, payable April 30 to shareholders of record on April 19.
IDEX Dividend Yield: 1.74%

Oil transportation, storage and terminal provider Plains All-American Pipeline LP (NYSE:PAA[10]) raised its quarterly distribution 10% to 57.5 cents per unit, payable May 15 to unitholders of record on May 3.
PAA Distribution Yield: 4.13%

Single-tenant property real estate investment trust Select Income REIT (NYSE:SIR[11]) raised its quarterly dividend 4.7% to 44 cents per share, payable on or about May 23 to shareholders of record on April 23.
SIR Dividend Yield: 6.22%

Texas based off-price retailer Stage Stores (NYSE:SSI[12]) raised its quarterly dividend 25% to 12.5 cents per share, applicable to dividends declared by the Board of Directors beginning May 23.
SSI Dividend Yield: 1.38%

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[3].

Source URL: https://investorplace.com/2013/04/9-companies-increasing-dividends-april-8-12/

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